H.R.5001 - Benefit Adjustment of Social Security Income Compensation Act of 2010111th Congress (2009-2010)
Summary: H.R.5001 — 111th Congress (2009-2010)
Introduced in House (04/13/2010)
Benefit Adjustment of Social Security Income Compensation Act of 2010 or the BASIC Act - Amends title II (Old Age, Survivors and Disability Insurance) (OASDI) of the Social Security Act to provide that: (1) an individual's entitlement to any OASDI benefit shall continue through the month of his or her death (without affecting any other person's entitlement to benefits for that month); and (2) the benefit shall be payable for such month only to the extent proportionate to the number of days in the month preceding the date of death.
Revises the formula for computation of a lump-sum death payment to the widow or widower of a fully or currently insured individual.