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Strengthening Social Security for Long-Term Workers

This bill aims to ensure a minimum Social Security benefit amount for individuals who have worked for many years. This means if you have at least 10 years of work, your future retirement or disability benefits will not fall below a certain level, potentially providing greater financial stability in old age or in case of disability.
Key points
Establishes a guaranteed minimum Social Security benefit for individuals with at least 10 years of work.
Changes will apply to those becoming eligible for benefits after 2027, with a gradual phase-in of full benefits until 2036.
Defines a "year of work" as a year with earnings above a certain minimum, adjusted to the national average wage.
The act aims to strengthen financial security for long-term workers and their families, including widows and widowers.
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Additional Information
Print number: 117_HR_3916
Sponsor: Rep. Rice, Tom [R-SC-7]
Process start date: 2021-06-15