Bill > HR6424

This bill aims to update and improve the Social Security lump sum death payment, which is a one-time payment made to eligible survivors after a Social Security beneficiary passes away. Specifically, the bill will increase the lump sum death payment from its current amount to a fixed $2,900, and starting in 2026, will automatically adjust this amount each year based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). This means the payment will be indexed to inflation, ensuring its value keeps pace with rising living costs. The new payment amount will be rounded to the nearest $10 and will apply to individuals who die on or after January 1, 2025. By updating this benefit, the bill seeks to provide more meaningful financial support to survivors during a difficult time, recognizing that funeral and related expenses can be a significant burden for families after losing a loved one who was a Social Security beneficiary.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6424/all-info