H.R. 4937 · 111th Congress
SSI Savers Act of 2010
- Stage
- In committee
- Sponsor
- Niki Tsongas
- Introduced
- 2010-03-24
- Latest action
- 2010-03-29 · Referred to the Subcommittee on Income Security and Family Support.
Summary
SSI Savers Act of 2010 - Amends title XVI (Supplemental Security Income) (SSI) of the Social Security Act to: (1) increase resource limits for aged, blind, or disabled individuals who do not have an eligible spouse; (2) require an inflation adjustment for such individuals, regardless of whether a spouse is eligible; (3) provide a limited exclusion from resources of certain deferred compensation and education savings arrangements; (4) set forth income rules imputing income from certain deferred compensation arrangements; and (5) eliminate the requirement that SSI recipients apply for periodic payments from certain deferred compensation arrangements.