RARE Act I

Summary

Retired Americans Right of Employment Act I (RARE Act I) - Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to repeal the limitation on the amount of outside income which beneficiaries who have attained early retirement age may earn (earnings test) without incurring a reduction in benefits. Provides for the use of all years of earnings in benefit computation, actuarial adjustment for early retirement, and acceleration of increase in delayed retirement credit. Amends the Internal Revenue Code to reduce by ten percent the Federal Insurance Contributions Act (FICA) tax rate on the income of every individual who has attained early retirement age.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 22 February 2000

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 22 February 2000

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 22 February 2000

  Open at official source

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.