Social Security 2100 Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The Social Security 2100 Act aims to strengthen Social Security benefits for current and future generations. It proposes an across-the-board benefit increase, a more accurate cost-of-living adjustment, and enhanced benefits for widows, widowers, and children living with relatives. The bill also seeks to improve service delivery and address issues related to earnings and trust fund solvency.
Key provisions
- An across-the-board benefit increase of 3 percent for monthly insurance benefits payable for months in calendar years 2027 through 2036.
- A revised cost-of-living adjustment formula using the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) or Consumer Price Index for Elderly Consumers (CPI-E), whichever results in the higher percentage.
- Increased minimum benefit amounts for long-term low earners, with a tiered system based on years of work.
- Increased threshold amounts for including Social Security benefits in income.
- Improved benefits for widows and widowers in two-income households.
- Increased benefits for beneficiaries after 15 years of eligibility.
- Caregiver credits for Social Security benefits.
- Elimination of the 5-month waiting period for disability benefits.
Who is affected
- Social Security beneficiaries
- Current and future Social Security recipients
Bill text
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Sponsors
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3 on record
Primary sponsor
Cosponsors
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