H.R. 4583 · 113th Congress
SSI Savers Act of 2014
- Stage
- In committee
- Sponsor
- Niki Tsongas
- Introduced
- 2014-05-06
- Latest action
- 2014-05-06 · Introduced in House
Summary
SSI Savers Act of 2014 - 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.