Bipartisan group looks to overhaul Social Security and help save it from financial ruin

The effort, led by Senator Dick Durbin, comes after a report found Social Security will only be able to pay out 78 percent of benefits in 2032

Congress has reintroduced the Social Security 2100 Act, a bill that would increase benefits by 2% for some 71 million Americans—including 54 million retired workers and 9 million of their survivors and dependents. The bill would temporarily change how Social Security’s cost-of-living adjustments (COLAs) are calculated