Social Security Guarantee Act of 2025

This bill would require the Department of the Treasury to issue certificates to Social Security beneficiaries that guarantee the payment of their full monthly benefit amounts and at least one annual cost-of-living increase. To support these guarantees, the legislation proposes additional mandatory funding for benefit payments. These measures aim to address projected shortfalls in the payroll tax revenues and reserve assets currently used to fund the Social Security program.

This bill directly affects Social Security beneficiaries, who would receive certificates guaranteeing their full monthly benefit amounts and annual cost-of-living increases. The Department of the Treasury is also affected, as it would be required to issue these certificates and manage the additional mandatory funding for the benefits. Additionally, the Social Security Board of Trustees is mentioned in relation to the actuarial projections that inform the bill's funding provisions.

• Issuance of benefit guarantee certificates. The Department of the Treasury is required to issue certificates to Social Security beneficiaries that guarantee the receipt of their full entitled monthly benefit amount.
• Guaranteed cost-of-living adjustments. The bill ensures that beneficiaries receive at least an annual cost-of-living increase to their Social Security benefits.
• Mandatory funding for benefits. The legislation provides additional mandatory funding to cover benefit payments, addressing projected shortfalls in payroll tax revenue and reserved assets.

The bill modifies the existing funding and administrative structure of the Social Security program by providing additional mandatory funding for benefits and requiring the Department of the Treasury to issue certificates guaranteeing full monthly payments and cost-of-living increases.

The bill aims to ensure Social Security beneficiaries receive their full entitled monthly payments and annual cost-of-living increases by requiring the Department of the Treasury to issue benefit certificates and providing additional mandatory funding. This measure is intended to address projected shortfalls in payroll tax revenue and reserve assets that may otherwise prevent the payment of full benefits starting in 2035.