Bill > S3071

This bill, titled "Social Security 2100: A Sacred Trust", aims to strengthen and improve the Social Security system for current and future generations. The key provisions of the bill include: - Increasing Social Security benefits across the board by 3 percentage points from 2022-2026. - Adopting the Consumer Price Index for Elderly Consumers (CPI-E) to better reflect the cost-of-living for seniors. - Increasing the minimum benefit for long-term low earners. - Increasing the income thresholds and tax rates for including Social Security benefits in taxable income. - Improving benefits for widows/widowers in two-income households. - Increasing benefits for beneficiaries after 15 years of eligibility. - Providing caregiver credits for Social Security. - Eliminating the 5-month waiting period for disability benefits. - Repealing the government pension offset and windfall elimination provisions. - Extending the child's benefit for post-secondary students under age 26. - Increasing access to benefits for children living with grandparents or other relatives. - Preventing an unintended drop in benefits due to changes in the National Average Wage Index. - Holding SSI, Medicaid, and CHIP beneficiaries harmless from the Social Security benefit changes. - Including earnings above $400,000 in the Social Security benefit formula. - Establishing the Social Security Trust Fund. - Clarifying the requirement to mail Social Security account statements. - Preventing closure of field and hearing offices. - Ensuring access to professional representation for Social Security claimants.