S 1554 · 96th Congress · Social Welfare

A bill to amend title II of the Social Security Act to provide that renewal commissions, received by a retired insurance agent from insurance policies which were sold by him before his retirement, shall not be taken into account in determining his net earnings from self-employment for purposes of the earnings test.

Introduced 1979-07-21· Sponsored by Sen. Durkin, John A. [D-NH]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1979-07-21)

Plain Language Summary

[AI summary unavailable — showing source text] Amends title II (Old-Age, Survivors and Disability Insurance) of the Social Security Act to disregard renewal commissions received by an insurance salesman from life insurance policies which such salesman sold before reaching age 65, for purposes of computing OASDI benefits based on income.…

Summarized by Claude AI · Non-partisan · For informational purposes only