If signed into law, the Notch Fairness Act would amend the Social Security Act to allow workers born between 1917-1926, often referred to as Notch Babies, to choose between a $5,000 lump-sum compensation that is payable in 4 annual installments, or an increased monthly benefit based on a pre-determined calculation.
Sen. David Vitter (LA) introduced S. 118 on January 25, 2011. This bill has been referred to the Senate Committee on Finance, where it is pending further action.
Date Posted: January 2011
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