Previously this month brought back the House plan that would increase widows’ and widowers’ Social Security payments by up to 25%.
Rep. Linda Sanchez (D-CA) proposed the Protecting Our Widows and Widowers in Retirement Act on June 7. It will establish an alternate benefit equivalent to 75% of the total income that both partners earned while the beneficiary was living. The benefit will raise their anticipated income by an additional 25% for some Social Security beneficiaries, who experience a loss of 50% of their monthly earnings following the death of their partner.
“The loss of a partner is terrible, and for people who rely on Social Security, the additional financial burden of missing a major source of income might render an extremely stressful situation even extra troubling,” Sanchez stated in an announcement.
“The POWR Act will establish a substitute benefit, guaranteeing that widows and widowers can continue to pay their expenses.” To provide people who recently lost their loved ones with some safety and quiet of mind, I am happy to present this legislation.”
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