Russ Carnahan on Social Security

Last Updated : Jun 12, 2012

2012 Campaign Website Statements

Social Security
Defending peoples' retirements

The Social Security system has worked for over 70 years and returning the country to its economic growth from the 1990's would guarantee Social Security for another century. Low growth rates would still keep Social Security solvent for decades. Russ Carnahan knows that a false crisis over Social Security is no excuse to shift benefits from the poor and middle class to the wealthy. Strong and stable Social Security is the foundation for seniors and future retirees.

 

Sponsored and Cosponsored Legislation

Session-112; Bill Number-H R 539; Preserving Our Promise to Seniors Act - Cosponsor

Directs the Bureau of Labor Statistics (BLS) of the Department of Labor to prepare and publish for each calendar month a Consumer Price Index for Elderly Consumers (CPIEC) that indicates changes over time in consumption expenditures typical for individuals in the United States 62 years of age or older. Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to tie the CPIEC to computation of cost-of-lving increases in OASDI benefits. Directs the Secretary of the Treasury to disburse a cash payment of $250 (adjusted for inflation) for each non-COLA year to certain recipients of OASDI benefits, railroad retirement benefits, veterans disability compensation or pension benefits, or Supplemental Security Income (SSI) benefits under SSA title XVI. Amends the Internal Revenue Code to prescribe special rules for the determination of wages and self-employment income above the contribution and benefit base after 2011. Amends SSA title II to include surplus average indexed monthly earnings (AIME) in the determination of primary OASDI amounts. Develops points of order in the House of Representatives and the Senate with respect to consideration of any legislation whose effect would be a program: (1) reducing OASDI benefits in connection with contributions to individual beneficiary accounts in the private sector; or (2) providing for investment of amounts in the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund in any investment vehicle other than interest-bearing U.S. obligations or U.S.-guaranteed obligations.

Session-111; Bill Number-H R 235; Social Security Fairness Act of 2009 - Cosponsor

Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to repeal: (1) government pension offset requirements applicable to husband's and wife's insurance benefits, widow's and widower's insurance benefits, and mother's and father's insurance benefits with respect to OASDI payments; and (2) windfall elimination requirements with respect to computation of an individual's primary insurance amount.

Session-110; Bill Number-H R 82; Social Security Fairness Act of 2007 - Cosponsor

To amend title II of the Social Security Act to repeal the Government pension offset and windfall elimination provisions.

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