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Protecting and Improving Social Security: New Cost-of-Living and Contribution Rules

This act aims to enhance the old-age, survivors, and disability insurance program. It introduces a new method for calculating benefit increases based on a consumer price index specifically for the elderly, potentially leading to higher benefits. It also modifies how contributions are calculated for higher earners, impacting high-income individuals.
Key points
Changes to benefit increase calculation: Increases will be based on a Consumer Price Index for Elderly Consumers (CPI-E), potentially resulting in higher benefit adjustments for retirees and beneficiaries.
New rules for high-earner contributions: Starting in 2026, a portion of earnings above the current contribution limit will gradually be subject to Social Security contributions again, meaning high-income individuals will contribute more.
Inclusion of surplus earnings in benefit formula: A portion of earnings previously not considered for benefit calculations will now be included, potentially leading to higher retirement and disability benefits for high earners.
No impact on other benefit eligibility: Any increase in Social Security benefits due to this act will not affect eligibility for programs like Supplemental Security Income (SSI) or Medicaid.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4968
Sponsor: Rep. Tokuda, Jill N. [D-HI-2]
Process start date: 2025-08-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting and Preserving Social Security Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4968.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-08-12.

What are the main provisions?

Key points include:

  • Changes to benefit increase calculation: Increases will be based on a Consumer Price Index for Elderly Consumers (CPI-E), potentially resulting in higher benefit adjustments for retirees and beneficiaries.
  • New rules for high-earner contributions: Starting in 2026, a portion of earnings above the current contribution limit will gradually be subject to Social Security contributions again, meaning high-income individuals will contribute more.
  • Inclusion of surplus earnings in benefit formula: A portion of earnings previously not considered for benefit calculations will now be included, potentially leading to higher retirement and disability benefits for high earners.
  • No impact on other benefit eligibility: Any increase in Social Security benefits due to this act will not affect eligibility for programs like Supplemental Security Income (SSI) or Medicaid.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Tokuda, Jill N. [D-HI-2].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Benefits Taxes