; and (2) by adding at the end the following: (4) For each calendar year after 2024, the national average wage index as defined in this section for such calendar year shall be deemed to be the national average wage index determined under the preceding paragraphs of this section increased by the following percentage: (A) For calendar years 2025 through 2030, 0.7 percent. (B) For calendar years 2031 through 2036, 0.8 percent. (C) For calendar years after 2037, 0.9 percent. . (e) Effective dates (1) In general The amendments made by subsections (a) and (c) shall apply to remuneration paid in calendar years after 2024. (2) Self-employment income The amendments made by subsection (b) shall apply to taxable years beginning after December 31, 2024. 4. Including earnings over $250,000 in Social Security benefit formula (a) Inclusion of earnings over $250,000 in determination of primary insurance amounts Section 215(a)(1)(A) of the Social Security Act ( 42 U.S.C. 415(a)(1)(A) ) is amended— (1) in clause (ii), by striking and at the end; (2) in clause (iii), by inserting and at the end; and (3) by inserting after clause (iii) the following: (iv) 2 percent of the individual’s excess average indexed monthly earnings (as defined in subsection (b)(5)(A)). . (b) Definition of excess average indexed monthly earnings Section 215(b) of the Social Security Act ( 42 U.S.C. 415(b) ) is amended— (1) by striking wages and self-employment income each place such terms appear and inserting basic wages and basic self-employment income , respectively