# 119-s-2614: Protecting and Preserving Social Security Act

119-s-2614, Protecting and Preserving Social Security Act, is a 119th Congress bill sponsored by Sen. Hirono, Mazie K. [D-HI] (D-HI); status introduced; PRIA reads it as touching household money (as of 2026-06-05).

- Canonical: https://policyrisk.com/legislation/119-s-2614
- As of: 2026-06-05
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2614
- Congress: 119
- Title: Protecting and Preserving Social Security Act
- Status: introduced
- Introduced: 2025-07-31
- Sponsor: Sen. Hirono, Mazie K. [D-HI] (D-HI)
- Cosponsors: 2
- Policy area: Social Welfare
- Touches household money: yes
- Last recorded action: 2026-06-05

## Summary

**Use the Consumer Price Index for Elderly Consumers (CPI‑E) for Social Security cost‑of‑living adjustments.** This bill would also change how high earnings count toward benefits and add surplus earnings into the benefit formula. - Older beneficiaries: It would replace or supplement the current Consumer Price Index for COLA calculations with a CPI‑E series published monthly by the Bureau of Labor Statistics. The CPI‑E provisions start for calendar months ending on or after July 31 of the year following enactment and apply to COLA computation quarters after September 30 of the second calendar year after enactment. - Workers and the self‑employed: It would change how wages and self‑employment income above the contribution and benefit base are treated for benefit calculations. A phased schedule begins at 86% in 2026 and phases down to 0% for years after 2031. - Benefit formula for new beneficiaries: It would add surplus earnings into the primary insurance amount by applying 3% of surplus average indexed monthly earnings and 0.25% on amounts above certain thresholds. These surplus‑AIME rules apply to people who first become eligible in calendar years after 2025.

## Cosponsors (2)

- Sen. Smith, Tina [D-MN] (D-MN), 2025-07-31T00:00:00.000Z
- Sen. Merkley, Jeff [D-OR] (D-OR), 2025-07-31T00:00:00.000Z

## Provisions PRIA read

- New price index for seniors' COLAs: benefit, medium. This bill would require BLS to publish a monthly Consumer Price Index for people age 62 and older (CPI‑E). If enacted, Social Security COLAs would use that CPI‑E for COLA computation quarters ending after September 30 of the second calendar year after enactment. BLS publication would apply to month…
- New benefit rules for high earners: mixed, high. This bill would change how pay above the Social Security contribution limit counts toward future benefits. For calendar years after 2025 it phases down the share of above‑limit wages and self‑employment income that count: 2026 = 86%, 2027 = 71%, 2028 = 57%, 2029 = 43%, 2030 = 29%, 2031 = 14%, and 2…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-5071: Children's Safe Welcome Act of 2026
- 119-s-2819: Head Start for America's Children Act
- 119-s-5283: Momnibus Act
- 119-s-3990: PrEP Access and Coverage Act of 2026
- 119-s-2823: FAMILY Act

## Sources
- [119-s-2614 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2614)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-5071: Children's Safe Welcome Act of 2026](https://policyrisk.com/legislation/119-s-5071)
- [119-s-2819: Head Start for America's Children Act](https://policyrisk.com/legislation/119-s-2819)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [119-s-3990: PrEP Access and Coverage Act of 2026](https://policyrisk.com/legislation/119-s-3990)
- [119-s-2823: FAMILY Act](https://policyrisk.com/legislation/119-s-2823)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2614 (as of 2026-06-05).