Bill > S3357

This bill aims to update the Social Security lump sum death payment by increasing the payment amount to $2,900 and establishing an automatic inflation adjustment mechanism. Specifically, for deaths occurring after 2026, the lump sum payment will be automatically increased based on changes in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), with the amount rounded to the nearest $10. Currently, the lump sum death payment is calculated as a multiple of the deceased's monthly benefits, but this bill replaces that calculation with a fixed dollar amount that will be periodically adjusted for inflation. The changes will take effect on January 1, 2026, and will apply to lump sum death payments for individuals who die on or after that date. This legislation seeks to provide more predictable and potentially higher survivor benefits by creating a more transparent and inflation-responsive payment structure.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/3357/all-info