More Transparent and Honest Communications with American Workers Reform Act of 2007

Summary

More Transparent and Honest Communications with American Workers Reform Act of 2007 - Amends title XI of the Social Security Act to revise requirements for estimates of potential old-age insurance benefits in Social Security account statements eligible individuals may request. Directs the Commissioner of Social Security, in any case in which the projections of future levels of receipts and disbursements of the Social Security Trust Funds indicate that the balance in the Funds may become insufficient to pay benefits in full when due, to indicate in benefits estimates the percentage reduction in payment level that could result without intervening enactment of remedies by Congress. Requires Social Security account statements also to: (1) estimate projected benefits for each eligible individual, assuming the current earnings rate and assuming, in the alternative, retirement at age 62, at the applicable normal retirement age, and at age 70; and (2) set forth a separate schedule of such estimated projected benefits reflecting any percentage reduction in the case of each retirement alternative which would occur after the future date of Trust Fund insufficiency.

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Timeline

1. 17 December 2007

   Introduced

   Introduced in House

   Source: IntroReferral

2. 17 December 2007

   Introduced

   Introduced in House

   Source: IntroReferral

3. 17 December 2007

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

4. 20 December 2007

   Referred

   Referred to the Subcommittee on Social Security.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 17 December 2007 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 17 December 2007

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 17 December 2007

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 December 2007

  Open at official source

Sponsors

• Kevin McCarthy · R · Sponsor
• · hswm00 · Standing

Related records

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