S.3234: Social Security Solvency and Sustainability Act

Overview

The Social Security Solvency and Sustainability Act (S. 3234) would gradually raise the full retirement age from 67 to 70 and the early retirement age from 62 to 64. Additionally, the bill would revise requirements for computation of the age increase factor and the formula for maximum age for delayed retirement credit, while introducing a new formula for progressive indexing of an individual’s primary insurance amount.

Related Bills

H.R.46

The Social Security Safety Dividend Act would ensure that seniors, veterans, and people with disabilities, who receive Social Security and certain other Federal benefits, receive a $250 payment if no cost-of-living adjustment is payable in a calendar year.

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H.R.860

The Social Security 2100 Act (H.R. 860) provides the following: • Across-the-board benefit increase for current and new beneficiaries; • Improved cost-of-living adjustment (COLA) that takes into account the true costs incurred by seniors; • Stronger minimum benefit, so someone who works their whole life does not retire into poverty and; • A tax cut […]

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Contact Your Members of Congress

Our Stance

Oppose

Priority

Medium

Bill Number

S.3234

Date Introduced

January 28, 2020

Committee

Senate Finance Committee

Bill Status

Introduced or Prefiled

Sponsor

Sen. Rand Paul