S. 3357: Social Security Survivor Benefits Equity Act

This bill, titled the Social Security Survivor Benefits Equity Act, aims to modify the Social Security Act to update the lump sum death payment provided by Social Security. The key changes proposed by the bill are as follows:

Increase in Lump Sum Death Payment

The bill proposes to increase the amount of the lump sum death payment to $2,900. This payment is made to survivors of individuals who have passed away and were covered under Social Security.

Indexing for Inflation

Starting from 2026, the amount of the lump sum death payment will also be adjusted for inflation. Specifically, it will be linked to the percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. This adjustment will help ensure that the payment keeps pace with the rising cost of living over time.

Effective Date

The changes outlined in the bill will take effect on January 1, 2026, and will apply to lump sum death payments for individuals who die on or after this date.

Summary of Legislative Action

The bill was introduced in the U.S. Senate by Mr. Welch, along with several co-sponsors, and has been referred to the Committee on Finance for further consideration.

Relevant Companies

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