Social Security Survivor Benefits Equity Act

TL;DR (AI)

• The Social Security lump sum death payment will be indexed to inflation, starting with a base amount of $2,900 for deaths in calendar years after 2025.
• The payment amount will be increased annually by the Consumer Price Index from October of the previous year, rounded to the nearest multiple of $10.
• The updated lump sum death payment provision applies to payments for individuals who die on or after January 1, 2025.