Bill > S2280

This bill, the Social Security 2100 Act, aims to protect and improve the Social Security system. The key provisions include: - Increasing Social Security benefits across-the-board by raising the primary insurance amount computation formula from 90% to 93% for 2025-2034. - Changing the cost-of-living adjustment to use the higher of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) or the Consumer Price Index for Elderly Consumers (CPI-E). - Increasing the minimum benefit for long-term low earners. - Increasing the income thresholds for taxation of Social Security benefits. - Improving benefits for widows and 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. - Establishing a gradual offset for disability beneficiaries with earnings. - Repealing the Government Pension Offset and Windfall Elimination provisions. - Extending the child's benefit for post-secondary school students under age 26. - Increasing access to benefits for children living with grandparents or other relatives. - Preventing an unintended drop in benefits related to the National Average Wage Index. - Holding SSI, Medicaid, and CHIP beneficiaries harmless from benefit increases. - Determining wages and self-employment income above the contribution and benefit base after 2024. - Including earnings over $400,000 in the Social Security benefit formula. - Applying the Social Security tax to net investment income. - Establishing the Social Security Trust Fund. - Clarifying the requirement to mail Social Security account statements. - Preventing closure of field and hearing offices and resident or rural contact stations. - Ensuring access to professional representation.

Budget and Finance

https://www.congress.gov/bill/118th-congress/senate-bill/2280/all-info