I 

113TH CONGRESS 

2D SESSION H. R. 4583 

To modify certain requirements for countable resources and income under 

the Supplemental Security Income program, and for other purposes. 

IN THE HOUSE OF REPRESENTATIVES 

MAY 6, 2014 

Ms. TSONGAS (for herself, Mr. PETRI, Mr. ELLISON, Mr. LANGEVIN, Ms. 

SCHWARTZ, Mr. MCGOVERN, Mr. ENYART, Mr. O’ROURKE, and Ms. 

SHEA-PORTER) introduced the following bill; which was referred to the 

Committee on Ways and Means 

A BILL 

To modify certain requirements for countable resources and 

income under the Supplemental Security Income program, and for other purposes. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘SSI Savers Act of 

5 2014’’. 


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1 SEC. 2. INCREASE IN RESOURCE LIMITS; INFLATION AD2 JUSTMENT. 

3 (a) INCREASE IN RESOURCE LIMITS.—Section 

4 1611(a)(3) of the Social Security Act (42 U.S.C. 

5 1382(a)(3)) is amended— 

6 (1) in subparagraph (A)— 

7 (A) by striking ‘‘and’’ the last place it ap8 pears; and 

9 (B) by inserting ‘‘, and to $8,250 on Janu10 ary 1 of the first calendar year that begins 

11 after the date of the enactment of the SSI Sav12 ers Act of 2014’’ before the period; and 

13 (2) in subparagraph (B)— 

14 (A) by striking ‘‘and’’ the last place it ap15 pears; and 

16 (B) by inserting ‘‘, and to $5,500 on Janu17 ary 1 of the first calendar year that begins 

18 after the date of the enactment of the SSI Sav19 ers Act of 2014’’ before the period. 

20 (b) INFLATION ADJUSTMENT.—Section 1611(a)(3) 

21 of such Act (42 U.S.C. 1382(a)(3)) is amended by adding 

22 at the end the following: 

23 ‘‘(C) ADJUSTMENT FOR INFLATION.— 

24 ‘‘(i) IN GENERAL.—Whenever dollar 

25 amounts in effect under paragraphs (1)(A) 

26 and (2)(A) of this subsection are increased 


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1 by a percentage under section 1617, each 

2 of the dollar amounts in effect under this 

3 paragraph shall be increased by the same 

4 percentage, and rounded to the closest 

5 multiple of $100. 

6 ‘‘(ii) REQUIREMENT.—Each adjust7 ment under clause (i) shall be based on the 

8 unrounded amount for the prior 12-month 

9 period.’’. 

10 SEC. 3. LIMITED EXCLUSION FROM RESOURCES OF CER11 TAIN DEFERRED COMPENSATION AND EDU12 CATION SAVINGS ARRANGEMENTS. 

13 Section 1613 of the Social Security Act (42 U.S.C. 

14 1382b) is amended— 

15 (1) in subsection (a)— 

16 (A) in paragraph (16), by striking ‘‘and’’ 

17 at the end; 

18 (B) in paragraph (17), by striking the pe19 riod and inserting a semicolon; and 

20 (C) by inserting after paragraph (17) the 

21 following: 

22 ‘‘(18) if the individual is not described in sec23 tion 1611(e)(1)(B) of this Act, the value of any as24 sets in a plan, contract, or account, annuity, or trust 

25 described in section 401(a), 403(a), 403(b), 408, 


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1 408A, 414(d), 457(b), or 501(c)(18) of the Internal 

2 Revenue Code of 1986, any retirement program or 

3 account included in any successor or similar provi4 sion that may be enacted and determined to be ex5 empt from tax under the Internal Revenue Code of 

6 1986, and any other retirement plan, contract, ac7 count, annuity, or trust, as determined in the sole 

8 discretion of the Commissioner, except that if the in9 dividual has attained 65 years of age, the total 

10 amount excluded under this paragraph shall not ex11 ceed— 

12 ‘‘(A) $54,000 (or, if greater, the amount 

13 determined under subsection (f) of this section) 

14 if the individual does not have an eligible 

15 spouse; or 

16 ‘‘(B) $80,750 (or, if greater, the amount 

17 determined under such subsection (f)) if the in18 dividual has an eligible spouse; and 

19 ‘‘(19) if the individual has not attained 65 

20 years of age, the value of— 

21 ‘‘(A) any funds in a qualified tuition pro22 gram (as defined in section 529 of the Internal 

23 Revenue Code of 1986) or in a Coverdell edu24 cation savings account (as defined in section 

25 530 of such Code); 


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1 ‘‘(B) any other education program, con2 tract, or account, as determined in the sole dis3 cretion of the Commissioner; and 

4 ‘‘(C) any individual development account 

5 established pursuant to the Assets for Inde6 pendence Act or section 333B of the Consoli7 dated Farm and Rural Development Act, or 

8 under an individual development account pro9 gram funded and administered by a Federal or 

10 State agency or by an organization described in 

11 section 501(c)(3) of the Internal Revenue Code 

12 of 1986 and exempt from taxation under sec13 tion 501(a) of such Code, as determined in the 

14 sole discretion of the Commissioner.’’; and 

15 (2) by adding at the end the following: 

16 ‘‘(f) ADJUSTMENT FOR INFLATION.— 

17 ‘‘(1) IN GENERAL.—Whenever dollar amounts 

18 in effect under paragraphs (1)(A) and (2)(A) of sec19 tion 1611(a) are increased by a percentage under 

20 section 1617, each of the dollar amounts in effect 

21 under subsection (a)(18) of this section shall be in22 creased by the same percentage, and rounded to the 

23 closest multiple of $100. 


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1 ‘‘(2) REQUIREMENT.—Each adjustment under 

2 paragraph (1) shall be based on the unrounded 

3 amount for the prior 12-month period.’’. 

4 SEC. 4. INCOME RULES APPLICABLE TO CERTAIN DE5 FERRED COMPENSATION ARRANGEMENTS. 

6 (a) IMPUTATION OF INCOME IN CERTAIN CASES.— 

7 Section 1612 of the Social Security Act (42 U.S.C. 1382a) 

8 is amended by adding at the end the following: 

9 ‘‘Imputation of Income From Certain Deferred 

10 Compensation Arrangements 

11 ‘‘(c)(1) If the aggregate value of the assets described 

12 in section 1613(a)(18) of an eligible individual who has 

13 attained 65 years of age and is not described in section 

14 1611(e)(1)(B) exceeds— 

15 ‘‘(A) $10,750 (or, if greater, the amount deter16 mined under paragraph (2) of this subsection) if the 

17 individual does not have an eligible spouse; or 

18 ‘‘(B) $16,250 (or, if greater, the amount deter19 mined under such paragraph (2)) if the individual 

20 has an eligible spouse, 

21 but does not exceed the dollar amount in effect with re22 spect to the individual under section 1613(a)(18), the as23 sets shall be considered income in an amount equal to the 

24 annuity value of the assets (as determined under regula25 tions of the Commissioner of Social Security). 


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1 ‘‘(2)(A) Whenever dollar amounts in effect under 

2 paragraphs (1)(A) and (2)(A) of section 1611(a) are in3 creased by a percentage under section 1617, each of the 

4 dollar amounts in effect under paragraph (1) of this sub5 section shall be increased by the same percentage, and 

6 rounded to the closest multiple of $100. 

7 ‘‘(B) Each adjustment under paragraph (1) shall be 

8 based on the unrounded amount for the prior 12-month 

9 period.’’. 

10 (b) EXCLUSION OF ONE-THIRD OF DISTRIBU11 TIONS.—Section 1612(b) of such Act (42 U.S.C. 

12 1382a(b)) is amended— 

13 (1) by striking ‘‘and’’ at the end of paragraph 

14 (25); 

15 (2) by striking the period at the end of para16 graph (26) and inserting ‘‘; and’’; and 

17 (3) by adding at the end the following: 

18 ‘‘(27) one-third of the value of any assets de19 scribed in section 1613(a)(18) distributed to such 

20 individual (or such spouse).’’. 


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1 SEC. 5. ELIMINATION OF REQUIREMENT THAT SSI RECIPI2 ENTS APPLY FOR PERIODIC PAYMENTS FROM 

3 CERTAIN DEFERRED COMPENSATION AR4 RANGEMENTS. 

5 Section 1611(e)(2) of the Social Security Act (42 

6 U.S.C. 1382(e)(2)) is amended by inserting ‘‘(other than 

7 payments from a plan, contract, account, annuity, or trust 

8 referred to in section 1613(a)(18))’’ after ‘‘section 

9 1612(a)(2)(B)’’. 

10 SEC. 6. EFFECTIVE DATE. 

11 The amendments made by this Act shall apply to ben12 efits for calendar months beginning after the date of the 

13 enactment of this Act. 

Æ 


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