Social Security 2100 Act

The Social Security 2100 Act proposes significant changes to the U.S. retirement system, aiming to strengthen benefits, consolidate the trust fund, and improve service delivery. To directly affect current and future beneficiaries, the bill increases monthly payments for low earners, adjusts cost-of-living calculations to better reflect inflation, and extends eligibility for children in college. It also introduces new credits for caregivers, removes waiting periods for some disability claims, and allows higher earnings to count toward future benefits. To fund these enhancements, the legislation repeals the cap on taxable wages for Social Security taxes and creates a single, unified Social Security Trust Fund. Finally, the act mandates stricter data privacy protections, prohibits the wrongful invalidation of Social Security numbers, and requires the agency to maintain a robust workforce and keep field offices open.