Social Security Entitlement Reform Amendments of 1993

Summary

Social Security Entitlement Reform Amendments of 1993 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to: (1) phase in an increase in the retirement age to age 70 by 2029; (2) alter the formula for reducing monthly benefit amounts for certain beneficiaries because of early retirement; (3) make changes in determining the amount of monthly mother's and father's insurance benefits; (4) revise the schedule under which increases in old age benefit amounts on account of delayed retirement are scheduled to take effect, ending certain increases for persons who first became eligible after 1986, reducing scheduled increases for individuals first eligible for such a benefit after 2004; (5) modify disability benefit provisions, limiting disability payments, and making 65 the age for conversion of entitlement to disability benefits to entitlement to old-age retirement benefits; (6) repeal the limitation on drop out years for disabled workers and the limitation on widow's and widower's insurance benefits arising from the early retirement of the deceased spouse; (7) provide for biennial cost-of-living adjustments in OASDI benefits except when the applicable increase percentage exceeds four percent a year; (8) make adjustments in the reduction of widow's and widower's insurance benefits upon attainment of age 80; (9) provide for a general increase in OASDI benefits for recipients attaining age 80 after 2004; and (10) increase surviving child's insurance benefits. Amends title XVI (Supplemental Security Income) (SSI) to phase in a reduction in the age at which SSI aged benefits may be paid.

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 20 November 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 20 November 1993

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• Introduced in House

  summary · EN · 20 November 1993

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