S. 274 · 109th Congress

Social Security Right to Know Act

Stage
In committee
Sponsor
Jim DeMint
Introduced
2005-02-03
Latest action
2005-02-03 · Introduced in Senate

Summary

Social Security Right To Know Act - Amends the Social Security Act to require Social Security account statements to contain additional information, such as: (1) a statement of the current Social Security tax rates applicable to wages and self-employment income, including an indication of the combined total of such rates of employee and employer taxes with respect to wages; and (2) a comparison of total annual Social Security tax inflows with the total annual benefits paid.