Bill Summary
This legislation, known as the "Locality-based Social Security Benefits Act of 2019", aims to adjust the monthly payments for old-age, survivors, and disability insurance under title II of the Social Security Act. This adjustment will be based on the locality-based comparability payment rates, which are determined by the President using guidelines outlined in sections 5304 and 5304a of title 5 of the United States Code. The Commissioner of Social Security will increase the monthly benefit amount for individuals residing in a specific locality pay area, as established in section 531.603 of title 5, Code of Federal Regulations. This act ensures that individuals receive a fair and appropriate amount of social security benefits based on the cost of living in their specific area.
Possible Impacts
1. This legislation may positively affect individuals who live in areas with a high cost of living. By adjusting Social Security benefits based on locality-based comparability payment rates, these individuals may receive a higher monthly benefit amount to better reflect the cost of living in their area.
2. On the other hand, this legislation may negatively affect individuals who live in areas with a low cost of living. If their locality-based comparability payment rates are lower, their Social Security benefits may be decreased.
3. This legislation may also affect individuals who move to a different locality after receiving Social Security benefits. Depending on the locality-based comparability payment rates in their new area, their benefit amount may increase or decrease.
[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5815 Introduced in House (IH)]
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116th CONGRESS
2d Session
H. R. 5815
To adjust the amount of monthly old-age, survivors, and disability
insurance payments under title II of the Social Security Act based on
locality-based comparability payment rates.
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IN THE HOUSE OF REPRESENTATIVES
February 7, 2020
Ms. Meng introduced the following bill; which was referred to the
Committee on Ways and Means
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A BILL
To adjust the amount of monthly old-age, survivors, and disability
insurance payments under title II of the Social Security Act based on
locality-based comparability payment rates.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Locality-based Social Security
Benefits Act of 2019''.
SEC. 2. SOCIAL SECURITY BENEFIT AMOUNTS ADJUSTED TO REFLECT LOCALITY-
BASED COMPARABILITY PAYMENT RATES.
Notwithstanding title II of the Social Security Act, the
Commissioner of Social Security shall increase the monthly benefit
amount to which each individual is otherwise entitled under such title
by the percentage determined by the President under sections 5304 and
5304a of title 5, United States Code, for the locality pay area (as
established in section 531.603 of title 5, Code of Federal Regulations)
in which the individual resides at the time of such increase.
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