legislation: 114-hr-5295

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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
114-hr-5295 114 hr 5295 Safeguarding Economic Needs Important to Our Retirees through Creating an Ongoing Living Adjustment Guarantee (SENIOR COLA Guarantee) Act of 2016 Social Welfare 2016-05-19 2016-06-02 Referred to the Subcommittee on Social Security. House Rep. Heck, Joseph J. [R-NV-3] NV R H001055 3 Safeguarding Economic Needs Important to Our Retirees through Creating an Ongoing Living Adjustment Guarantee (SENIOR COLA Guarantee) Act of 2016 This bill amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to revise cost-of-living computation requirements. Annual minimum and maximum cost-of-living increases for Social Security beneficiaries shall range between: 3% and 4% for individuals whose adjusted gross income (AGI) for the preceding calendar year did not exceed $18,000 ($20,000 in a joint return), 1.5% and 3% for individuals whose AGI ranged from $18,000 to $48,000 ($20,000 to $50,000 in a joint return), or 1% and 2% for individuals whose AGI exceeded $48,000 ($50,000 in a joint return). 2023-01-11T13:33:00Z  

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