New Bill Increases Social Security Death Benefit

October 1, 2024 by Melanie Waddell

New legislation, the Social Security Survivor Benefits Equity Act, would increase the Social Security lump-sum death benefit from $255 to $2,900, indexing it for inflation annually thereafter.

The bill, S.5178, was introduced by Sen. Peter Welch, D-Vt., and is co-sponsored by Sens. Elizabeth Warren, D-Mass., and Bernie Sanders, I-Vt.

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Originally Posted at Think Advisor on September 26, 2024 by Melanie Waddell.