Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Senior Plan Administrator

Atlantic Pension Services Inc
(Remote / Kennett Square PA / DE / MD / NJ)

Atlantic Pension Services Inc logo

Quality Assurance Manager

Nova 401(k) Associates
(Remote)

Nova 401(k) Associates logo

Pension Administrator

Creative Pension Consultants, Inc.
(Remote / Albany NY)

Creative Pension Consultants, Inc. logo

Plan Compliance Analyst (Administrator)

RPA
(Remote)

RPA logo

ERISA Counsel

Human Interest
(Remote)

Human Interest logo

Retirement Plan Analyst/Administrator

Compensation Strategies Group, Ltd.
(Remote / Beaumont TX)

Compensation Strategies Group, Ltd. logo

Retirement Plan Administrator

Nicholas Pension Consultants
(Remote / Corona CA / Rancho Cordova CA)

Nicholas Pension Consultants logo

Retirement Plan Relationship Manager/Consultant

The Retirement Plan Company (TRPC)/an ABG firm
(Remote)

The Retirement Plan Company (TRPC)/an ABG firm logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>



Estimate of the Financial Effects on Social Security of H.R. 1811, the 'Protecting and Preserving Social Security Act' (PDF)
U.S. Social Security Administration [SSA]Link to more items from this source
June 4, 2015

19 pages. "The Bill includes the following three provisions with direct effects on the OASDI program: [1] Use the Consumer Price Index for the Elderly (CPI-E) to calculate the cost-of-living adjustment (COLA), beginning with the December 2017 COLA.... [2] Eliminate the OASDI taxable maximum in years 2022 and later; thus the full 12.4 percent OASDI payroll tax rate would apply to all OASDI covered earnings.... [3] Provide benefit credit on earnings taxed above the current-law taxable maximum.... Assuming enactment, OASDI Trust Fund reserves would be expected to become depleted in 2051... For 2017, projected OASDI program cost is slightly lower under the proposal than under current law. Beginning in 2018, projected OASDI program cost is higher under the proposal than under current law."

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022 BenefitsLink.com, Inc.