Social Security Survivor Benefits Equity Act
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill aims to increase the amount of Social Security lump sum death payments. Specifically, it proposes to update the current payment amount of $2,900 to reflect inflation, adjusting for the Consumer Price Index. The changes will apply to death payments made after January 1, 2025, for individuals who died on or after that date. The bill seeks to ensure that these payments keep pace with the rising cost of living.
Key provisions
- Increases the Social Security lump sum death payment to $2,900.
- Indexes the death payment amount to the Consumer Price Index (CPI).
- The CPI adjustment will begin in October 2024.
- The changes apply to death payments made after January 1, 2025.
- The amendment modifies Section 202(i) of the Social Security Act.
Who is affected
- Social Security beneficiaries
- Heirs and survivors of deceased Social Security recipients
- The Social Security Administration
Notable changes
- Updates the current fixed lump sum death payment amount.
- Introduces an inflation adjustment mechanism for death payments.
Bill text
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Sponsors
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8 on record
Primary sponsor
Cosponsors
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