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Guarantee Full Social Security Benefits and Annual Cost-of-Living Adjustments

This act aims to ensure citizens receive their full Social Security benefits. It mandates the issuance of certificates that legally guarantee the monthly benefit amount and its annual adjustment to keep pace with the cost of living. This provides greater certainty regarding future retirement income.
Key points
You will receive a certificate guaranteeing your full Social Security benefit amount.
Your benefits will be adjusted annually to reflect increases in the cost of living.
The certificate represents a legally binding obligation of the federal government to pay benefits.
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Additional Information
Social Security Guarantee Act of 2023
Print number: HR 521
Sponsor: Rep. Mooney, Alexander X. [R-WV-2]
Process start date: 2023-01-25