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Locality-based Social Security Benefits Act of 2023

Source: Congress.gov  ·  290 words in original text
This bill directs the Commissioner of Social Security to increase monthly Social Security payments for people who receive old-age, survivors, and disability insurance benefits. The increase amount is based on where each person lives, using a federal government method for adjusting pay based on locality (location).
People who receive Social Security old-age, survivors, and disability insurance benefits under title II of the Social Security Act. The Commissioner of Social Security carries out the law.
• The Commissioner of Social Security must increase each person's monthly benefit amount by a percentage determined by the President (Sec. 2) • The percentage increase is based on the locality pay area where the individual resides at the time of the increase, determined by federal government standards (Sec. 2) • The increase applies based on sections 5304 and 5304a of title 5, United States Code, and the standards in section 531.603 of title 5, Code of Federal Regulations (Sec. 2)
If this bill becomes law, Social Security recipients would see their monthly benefit payments increased based on where they live. The amount of increase would differ depending on the recipient's location.
None defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.