arrow_back Back to App

Social Security Reforms: New Cost-of-Living and Contribution Rules

This act modifies how Social Security benefits are calculated, including retirement and disability payments. Key changes involve using a new inflation index for seniors and adjusting how contributions are assessed on higher incomes, potentially impacting future benefits and financial obligations for citizens.
Key points
Introduction of a new inflation index (CPI-E) for individuals aged 62 and older, which may affect the annual cost-of-living adjustments for Social Security benefits.
Changes to how contributions are calculated on earnings above the current limit, meaning high-income earners will gradually pay contributions on a larger portion of their income, eventually covering all income after 2031.
Inclusion of surplus earnings in the Social Security benefit formula, potentially increasing future retirement and disability benefits for higher earners.
Benefit increases resulting from these changes will not affect eligibility for Supplemental Security Income (SSI) and Medicaid programs.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2614
Sponsor: Sen. Hirono, Mazie K. [D-HI]
Process start date: 2025-07-31
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

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_S_2614.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-07-31.

What are the main provisions?

Key points include:

  • Introduction of a new inflation index (CPI-E) for individuals aged 62 and older, which may affect the annual cost-of-living adjustments for Social Security benefits.
  • Changes to how contributions are calculated on earnings above the current limit, meaning high-income earners will gradually pay contributions on a larger portion of their income, eventually covering all income after 2031.
  • Inclusion of surplus earnings in the Social Security benefit formula, potentially increasing future retirement and disability benefits for higher earners.
  • Benefit increases resulting from these changes will not affect eligibility for Supplemental Security Income (SSI) and Medicaid programs.
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 Sen. Hirono, Mazie K. [D-HI].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

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