Congress Reintroduces Social Security 2100 Act as 2027 COLA Projection Holds at 3.8%
Updated
Updated · The Senior Citizens League · Jul 14
Congress Reintroduces Social Security 2100 Act as 2027 COLA Projection Holds at 3.8%
3 articles · Updated · The Senior Citizens League · Jul 14
Summary
Congress has reintroduced the Social Security 2100 Act, a broad overhaul that would raise benefits 2%, lift the minimum benefit to 125% of the federal poverty line and switch COLA calculations to the CPI-E.
TSCL kept its 2027 Social Security COLA forecast at 3.8%, up from this year’s 2.8%; if applied now, average monthly benefits would rise $73.62 to $2,011.15 from $1,937.53.
The bill would fund the changes by increasing the payroll tax and applying it to income above $400,000, a move TSCL says would extend the trust fund’s life by 32 years.
Passage still looks remote: GovTrack assigns the 2026 bill a 0% chance, even as the 2026 trustees report projects trust fund insolvency in Q4 2032 and automatic benefit cuts without congressional action.
TSCL argues the measure would help seniors hit hardest by inflation and poverty, though it says the bill lacks immediate relief such as a one-time $1,400 payment or a temporary $200 monthly boost.