legislation: 106-hr-3578

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
106-hr-3578 106 hr 3578 Social Security Right To Know Act Social Welfare 2000-02-03 2000-02-08 Referred to the Subcommittee on Social Security. House Rep. Sununu, John E. [R-NH-1] NH R S001078 23 Social Security Right To Know Act - Amends the Social Security Act to require a certain annual report by the Board of Trustees of the Federal Old-Age and Survivors and Disability Insurance Trust Funds on the operation and status of such Funds to include information on: (1) the unfunded long-term projected liability of the social security system and any change in such amount from the preceding year as well as the deficit or surplus that the system will run in the last year of the long-term projection period, with any aggregate assets or liabilities held by the Trust Funds in that final projected year; and (2) the economic model and relevant data used to make such projections.Requires social security account statements to contain: (1) a comparison of the annual social security tax inflows to the amount paid in benefits annually and a statement whether the ratio will result in a cash flow deficit and what year such deficit will commence as well as the first year in which funds in the Trust Funds will cease to be sufficient to cover the deficit and the percentage of benefits due at that time that could be paid from annual tax inflows; and (2) an explanation of the average rate of return that a taxpayer can expect to receive on old- age insurance benefits as compared to the total amount of social security taxes a taxpayer expects to pay.Makes Social Security Administration Continuous Work History Sample data publicly available for statistical research purposes subject to certain limitations. 2025-08-20T14:21:16Z  

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