This legislation aims to improve the retirement security of United States families by strengthening Social Security through several key reforms. One major provision gradually eliminates the cap on earnings subject to Social Security taxes, starting in 2028 and fully removing it by 2032, ensuring all income contributes to the system. This change is expected to significantly increase Social Security's revenue. The bill also enhances benefit calculations for retirees. It increases the first bend point factor from 90 percent to 95 percent and raises the first bend point itself, which will result in higher primary insurance amounts for lower and middle earners. Furthermore, it includes "surplus average indexed monthly earnings"—income previously above the taxable wage base—in benefit calculations at a five percent rate, providing a modest benefit increase for high earners whose full income is now taxed. To ensure benefits keep pace with the cost of living for seniors, the bill mandates the use of a new Consumer Price Index for Elderly Consumers (CPI-E) for calculating annual cost-of-living adjustments (COLAs), effective for determinations made after September 2027. This new index is specifically designed to reflect the spending patterns of older Americans and is anticipated to lead to higher annual benefit increases. Additionally, the legislation improves Social Security benefits for surviving spouses, particularly those from two-income households. It allows fully insured widows and widowers to receive a higher benefit, calculated as the greater of the deceased individual's primary insurance amount or 75 percent of the sum of their own benefit and the deceased's primary insurance amount. Finally, the bill includes a "hold harmless" provision for Supplemental Security Income (SSI) beneficiaries, preventing any increase in Social Security benefits under this Act from reducing their SSI eligibility or payment amounts.