India, Nov. 15 -- A newly introduced US Senate bill could raise monthly Social Security payments by $200 from January 2026 through June/July 2026 for retirees, disabled Americans and veterans receiving benefits.

The proposal is formally titled the Social Security Emergency Inflation Relief Act and comes amid concern that the standard cost-of-living adjustment (COLA) does not go far enough.

The bill is co-signed by key Democratic lawmakers, including Elizabeth Warren, Kirsten Gillibrand and Chuck Schumer, according to Newsweek.

If signed into legislation, the $200 "bonus" payment would apply broadly to current beneficiaries of Social Security, Supplemental Security Income (SSI) and veterans' payments.

The $200 increase would represent ...