Rogers / 5 Senator Bautista

S.B._____

A BILL
To ensure that the entire Social Security system will be overseen for availability for future generations.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42

Be it enacted by the Senate and House of Representatives of the United States of America in Congress
assembled,
SECTION 1. SHORT TITLE
This act may be cited as the BOSS Act of 2015.
SECTION 2. FINDINGS
Congress hereby finds and declares that,
A) Social Security can be made permanently solvent only by reducing the present value of scheduled
benefits and/or increasing the present value of scheduled tax revenues.
B) Moving cost-of-living adjustments could help tailor benefits to the people actually receiving Social
Security benefits.
C) Chile's equivalent of Social Security and the U.S. government's own Thrift Savings Plan can serve as a
solid foundation for Social Security's replacement system.
D) Most elderly beneficiaries rely on Social Security for the majority of their income.
E) Continuing taxes are expected to be enough to pay 76 percent of scheduled benefits.
F) Most employment is covered by Social Security, but a few types of work are excluded by law or covered
only under certain conditions.
G) An immediate increase in the combined payroll tax rate from 12.4 percent to 14.4 percent would be
sufficient to allow full payment of the scheduled benefits for the next 75 years.
H) Taking action now will allow people who most depend on Social Security for their retirement income to
be shielded, and will allow a more gradual transition to a sustainable system.
I) Out of 1,485 survey respondents, 67 percent of those surveyed thought that there should be
implementation of a program that would allow individuals to place their Social Security contributions from
their current wages into their own personal retirement account to be maintained for retirement purposes only.
J) Real wage growth, productivity, labor force participation, price inflation, unemployment rates, and other
economic factors all affect both the tax income and the benefits of the program on the future cost of Social
Security
SECTION 3. STATUTORY LANGUAGE
A) All prohibition to overseers in Social Security due to gender shall henceforth be abolished. Service
members in the House of Representatives are eligible to be assigned to all positions for which they are
qualified, regardless of gender. No chosen member shall be provoked, so forth that the House of
Representatives supports policies to protect and expand Social Security and secure its long-term future in a
fair and responsible manner.
B) This law shall be enforced and upheld by the federal government, Social Security Administration, and all
branches of the United States House of Representatives. Funding for additional oversight from beneficiaries
previously not covered will come directly from the preliminary known budget provided by the federal
government for Social Security.
C) Failure to comply with requirements can result in criminal and civil penalties, as well as progressive
disciplinary actions up to and including persecution. These can apply to both covered entities and individuals
according to the SSA Law Chapter 42 Section 1632. This law shall go into effect January 1, 2016.