New Parental Leave Benefits from Social Security
This bill introduces paid parental leave benefits for parents following the birth or adoption of a child. These benefits will be paid from the Social Security trust fund, and their cost must be repaid through reductions in future old-age insurance benefits or by increasing the retirement age.
Key points
Allows up to 3 months of paid parental leave after birth or adoption of a child.
Benefit amount is based on the individual's primary insurance amount.
Received benefits must be repaid through deductions from future retirement benefits or by increasing the retirement age.
The act does not affect Family and Medical Leave Act (FMLA) rights or existing employer benefits.
Expired
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