What does Preamble of Protecting and Preserving Social Security Act do?

This bill, formally titled 'To amend title II of the Social Security Act and the Internal Revenue Code of 1986 to make improvements in the old-age, survivors, and disability insurance program,' aims to improve the old-age, survivors, and disability insurance program. The bill proposes amendments to both title II of the Social Security Act and the Internal Revenue Code of 1986.

What does CONSUMER PRICE INDEX FOR ELDERLY CONSUMERS. of Protecting and Preserving Social Security Act do?

This section directs the Bureau of Labor Statistics to prepare and publish a monthly 'Consumer Price Index for Elderly Consumers'. The index will reflect changes in spending patterns typical for U.S. individuals aged 62 or older. The requirements of this section will apply to calendar months ending on or after July 31 of the calendar year following enactment. The section authorizes appropriations to carry out its provisions.

What does COMPUTATION OF COST-OF-LIVING INCREASES. of Protecting and Preserving Social Security Act do?

This section amends Section 215(i)(1) of the Social Security Act to define 'Consumer Price Index' as the Consumer Price Index for Elderly Consumers (CPI-E). It also amends Section 215(i)(1) as it existed in December 1978 to include the same CPI-E definition. Section 215(i)(4) of the Social Security Act is amended to reference section 102 of the Protecting and Preserving Social Security Act. The amendments made by this section are intended not to affect adjustments under other laws. Increases to Social Security benefit amounts resulting from these amendments will not be considered income or resources for Supplemental Security Income (SSI) or Medicaid eligibility purposes. The amendments apply to cost-of-living computation quarters ending on or after September 30 of the second calendar year following enactment of this Act.

What does DETERMINATION OF WAGES AND SELF-EMPLOYMENT INCOME ABOVE of Protecting and Preserving Social Security Act do?

This section amends sections 3121, 209, 1402, and 211 of the Internal Revenue Code of 1986 and the Social Security Act. The amendments apply to remuneration and net earnings from self-employment paid in calendar years after 2025, with some provisions effective for taxable years beginning in 2026. The amendments introduce an 'applicable percentage' that decreases over time, starting at 86% in 2026 and reaching 0% after 2031, to determine wages and self-employment income above a contribution and benefit base. The applicable percentage is defined in tables within the amended sections, specifying the percentage for each calendar year from 2026 through calendar years after 2031.

What does INCLUSION OF SURPLUS EARNINGS IN SOCIAL SECURITY BENEFIT of Protecting and Preserving Social Security Act do?

This section amends Section 215(a)(1)(A) of the Social Security Act by inserting 'basic' before 'average indexed monthly earnings' in specific clauses. It modifies Section 215(a)(1)(B) to establish bend points for surplus earnings, including a specific amount of $8,933 for individuals becoming eligible for benefits in 2026. The section revises the calculation of 'basic' and 'surplus' Average Indexed Monthly Earnings (AIME) within Section 215(b)(1) of the Social Security Act. It defines 'surplus average indexed monthly earnings' as a quotient of surplus earnings divided by the number of months in those years. The amendments apply to individuals who initially become eligible for old-age or disability insurance benefits, or who die before becoming eligible, in calendar years after 2025.

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Protecting and Preserving Social Security Act

Last updated: 8/12/2025 · Introduced: 8/12/2025

Author: Jill Tokuda (D-HI)

TL;DR (AI)

This bill directs the Bureau of Labor Statistics to create a new Consumer Price Index specifically for individuals aged 62 and older, reflecting their spending patterns.
The bill revises how Social Security cost-of-living adjustments are calculated, using the new Consumer Price Index for Elderly Consumers and ensuring these increases do not impact eligibility for Supplemental Security Income or Medicaid.
Beginning in 2026, the bill gradually reduces the portion of wages and self-employment income subject to Social Security taxes, decreasing from 86% to 0% over several years.

119th Congressin committeeS. 2614(In Committee)Official page

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Other Sections

Includes provisions on preamble, consumer price index for elderly consumers., and 1 more.

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TITLE II

-CONTRIBUTION AND BENEFIT FAIRNESS

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