Worker's Option Act of 1991

Summary

Worker's Option Act of 1991 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to eliminate the limitation on the amount of outside income which beneficiaries who have attained retirement age may earn without incurring a reduction in benefits. Increases the delayed retirement credit rate for individuals who work beyond retirement age. Eliminates the recomputation of an individual's primary insurance amount when such individual has wages or self-employment income after the initial year of entitlement to old-age or disability insurance benefits. Revises the calculation of benefits for workers who retire between the ages of 62 and 65 and then return to work. Authorizes the appropriation of revenues received by reason of this Act's amendments to the Federal Old-Age and Survivors Insurance Trust Fund from 1992 through 1996.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 1 May 1991

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 1 May 1991

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 May 1991

   Introduced

   Introduced in House

   Source: IntroReferral

4. 6 May 1991

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · undated · Official file

Documents

2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 1 May 1991

  Open at official source

Sponsors

• Rep. Archer, Bill [R-TX-7] · R · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.