A bill to provide that the amount of unnegotiated social security checks shall be returned to the social security trust funds.

Summary

Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require the Secretary of the Treasury to implement procedures for identifying social security benefit checks issued under title II which have not been negotiated within 12 months and to credit the appropriate social security trust fund, on a monthly basis, for the amount of all unnegotiated benefit checks drawn on such trust fund. Requires the Secretary to pay a benefit check presented for payment after they have been credited to one of the trust funds, and to recharge such trust fund, if such check is otherwise proper. Requires the reimbursement of the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund from the Treasury for the total amount of unnegotiated benefit checks.

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Documents

1 official file

• Introduced in Senate

  summary · EN · 24 February 1983

  Open at official source

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