S 4180
Protecting Benefits for Retirees Act
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- Became Law
Bill overview
This bill, the Protecting Benefits for Retirees Act, aims to ensure that Social Security retirement benefits are not reduced due to changes in how average wages are calculated. It establishes that the national average wage index used to determine benefit amounts must be at least as high as it was in the previous year. This prevents a situation where a decline in the average wage index leads to lower benefit amounts and adjusted income thresholds for Social Security recipients. The bill seeks to maintain the value of earned benefits over time.
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