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S.3533 - Defend and Save Social Security Act of 2012

A bill to amend title II of the Social Security Act to extend the solvency of the Social Security Trust Funds by increasing the normal and early retirement ages under the Social Security program and modifying the cost-of-living adjustments in benefits. view all titles (2)

All Bill Titles

  • Short: Defend and Save Social Security Act of 2012 as introduced.
  • Official: A bill to amend title II of the Social Security Act to extend the solvency of the Social Security Trust Funds by increasing the normal and early retirement ages under the Social Security program and modifying the cost-of-living adjustments in benefits. as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
09/12/12
 
 
 
 
 
 
 

Sponsor

H001016

Senator

Kay Hutchison

R-TX

No Co-Sponsors

Official Summary

Defend and Save Social Security Act of 2012 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to: (1) increase the normal retirement age by specified graduated stages to 67 by 2019 and to 70 after December 31, 2030, and the early retirement a

Official Summary

Defend and Save Social Security Act of 2012 - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to:
(1) increase the normal retirement age by specified graduated stages to 67 by 2019 and to 70 after December 31, 2030, and the early retirement age to 63 by 2019 and to 64 after December 31, 2022;
(2) revise requirements for computation of the age increase factor; and
(3) modify the cost-of-living adjustment (COLA) to 1% below the general COLA.

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