Major Increase and Inflation Indexing for Social Security Death Benefits.
This bill significantly raises the one-time Social Security lump sum death payment from the current fixed amount to $2,900. Crucially, this payment will be indexed annually to inflation, ensuring greater financial assistance for surviving spouses and children dealing with immediate expenses. These changes apply to deaths occurring on or after January 1, 2025.
Key points
The one-time Social Security death payment increases to $2,900, providing substantially more support for surviving families.
The benefit amount will be automatically adjusted for inflation (CPI-W) in future years, protecting its real value.
The changes take effect starting January 1, 2025.
Status:
Introduced
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