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CA SJR5
Joint Resolution
AI Summary
- Urges United States Congress to amend the Social Security Administration's index of earnings to prevent COVID-19-related declines in aggregate wages from reducing benefits
- Identifies that approximately 8 million workers who turn 60 years old in 2020 or 2021 could receive substantially lower Social Security benefits due to pandemic-driven wage reductions
- Projects affected workers could lose up to $2,511 annually in benefits (roughly 9 percent reduction) or $45,859 over an 18-year retirement period
- Directs the Secretary of the Senate to transmit the resolution to the President, Vice President, Congressional leadership, the Social Security Commissioner, and all California members of Congress
Legislative Description
Social Security benefits: COVID-19.
Last Action
Chaptered by Secretary of State. Res. Chapter 181, Statutes of 2022.
9/13/2022
Committee Referrals
Public Employment and Retirement7/1/2021
Labor, Public Employment and Retirement5/19/2021
Rules5/6/2021
Full Bill Text
No bill text available