Social Security 2100 Act

The Social Security 2100 Act proposes significant changes to the U.S. retirement system, primarily increasing benefits for retirees, disabled individuals, and their families while also restructuring how the program is funded and administered. Key provisions include raising the maximum benefit percentage to 93 percent, adjusting cost-of-living calculations to better reflect inflation for elderly consumers, and creating new credits for caregivers of dependent relatives. The bill also extends disability benefits to children in college until age 26, eliminates the five-month waiting period for disability claims, and removes the cap on earnings subject to Social Security taxes after 2026. Additionally, it establishes a single Social Security Trust Fund to consolidate current accounts and mandates stricter protections for beneficiary data, including limits on access by political appointees and requirements for public notice before closing field offices.