Section 1 Short title
This Act may be cited as the “Social Security Survivor Benefits Equity Act”.
Social Security Survivor Benefits Equity Act
A BILL
To amend title II of the Social Security Act to update the amount of Social Security lump sum death payments and index lump sum death payments to inflation.
Sec. 2 Updating and indexing the amount of the Social Security lump sum death payment
In general— Section 202(i) of the Social Security Act (42 U.S.C. 402(i)) is amended, in the matter preceding paragraph (1), by striking “three times” and all that follows through “smaller,” and inserting “$2,900 (or, in the case of such an insured individual who dies in a calendar year after 2025, an amount equal to $2,900 increased by the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers for the period that begins with October 2024 and ends with October of the calendar year preceding the calendar year involved and rounded to the nearest multiple of $10)”.
Effective date— The amendment made by this section shall take effect on January 1, 2025, and shall apply to lump sum death payments payable under section 202(i) of the Social Security Act (42 U.S.C. 402(i)) with respect to individuals who die on or after such date.