Section 1. Short title
This Act may be cited as the Families of Armed Forces Increased Relief Pensions Act or the FAIR Pensions Act.
(a) In general
Section 202(k)(5) of the Social Security Act (42 U.S.C. 402(k)(5)) is amended by adding at the end the following:
(D) Subparagraph (A) shall not apply to a monthly insurance benefit of an individual under subsection (e), (f), or (g) if the individual is entitled to such benefit on the basis of the wages and self-employment income of a member of a uniformed service (as defined in section 210(m)), including such a member who died while a member of a uniformed service or who was discharged or released therefrom under conditions other than dishonorable.
(b) Effective date
The amendment made by this Act shall apply to a monthly insurance benefit of an individual for any month beginning on or after the date of enactment of this Act.