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SSA | RIN: 0960-AH07 | Publication ID: Fall 2016 |
Title: Amendments to Regulations Regarding Withdrawals of Applications and Voluntary Suspension of Benefits (3573F) | |
Abstract:
We modified our regulations to establish a 12-month time limit for the withdrawal of an old-age benefits application. We will also permit only one withdrawal per lifetime. These changes limit the voluntary suspension of benefits only to those benefits disbursed in future months. |
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Agency: Social Security Administration(SSA) | Priority: Other Significant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: No | Unfunded Mandates: No |
CFR Citation: 20 CFR 404.313 20 CFR 404.640 | |
Legal Authority: 42 U.S.C. 402 42 U.S.C. 402(i) 42 U.S.C. 402(j) 42 U.S.C. 402(o) 42 U.S.C. 402(p) 42 U.S.C. 402(r) 42 U.S.C. 403(a) 42 U.S.C. 403(b) 42 U.S.C. 405(a) 42 U.S.C. 416 42 U.S.C. 416(i)(2) 42 U.S.C. 423 42 U.S.C. 423(b) 42 U.S.C. 425 42 U.S.C. 428(a) to 428(e) 42 U.S.C. 902(a)(5) |
Legal Deadline:
None |
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Statement of Need: We are under a clear congressional mandate to protect the Trust Funds. It was crucial that we change our current policies that have the effect of allowing beneficiaries to withdraw applications or suspend benefits and use benefits from the Trust Funds as something akin to an interest-free loan. |
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Summary of the Legal Basis: Discretionary. |
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Alternatives: Based on our current evidence, there are no alternatives at this time. |
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Anticipated Costs and Benefits: The administrative effect of this final rule is negligible. |
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Risks: None. |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: Undetermined |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: Yes | |
RIN Data Printed in the FR: No | |
Agency Contact: Liz Calvo Social Insurance Specialist Social Security Administration Office of Income Security Programs, 6401 Security Boulevard, Baltimore, MD 21235-6401 Phone:410 965-4200 Email: liz.calvo@ssa.gov Brian Rudick Social Insurance Specialist, Regulations Writer Social Security Administration Office of Regulations and Reports Clearance, 6401 Security Boulevard, Baltimore, MD 21235-6401 Phone:410 965-1483 Email: brian.rudick@ssa.gov |