Social Security Caregiver Credit Act of 2023
Topic:
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Proposal Overview
Name: Social Security Caregiver Credit Act of 2023
Congress: 118th
Year: 2024
Sponsor and Co-Sponsors
Sponsor:
Representative Bradley Scott Schneider (D-IL)
Co-Sponsors:
3 Democratic cosponsors
Companion Bill
Related Bills from Prior Congresses
S. 1955: Social Security Caregiver Credit Act of 2021
H.R. 3632: Social Security Caregiver Credit Act of 2021
S. 2317: Social Security Caregiver Credit Act of 2019
H.R. 4126: Social Security Caregiver Credit Act of 2019
H.R. 6952: Social Security Caregiver Credit Act of 2018
S. 1255: Social Security Caregiver Credit Act of 2017
S. 2721: Social Security Caregiver Credit Act of 2016
H.R. 3377: Social Security Caregiver Credit Act of 2015
H.R. 5024: Social Security Caregiver Credit Act of 2014
H.R. 2290: Social Security Caregiver Credit Act of 2011
H.R. 769: Social Security Caregiver Credit Act of 2009
H.R. 1161: Social Security Caregiver Credit Act of 2007
H.R. 5936: Social Security Caregiver Credit Act of 2006
Program Details
Overview: This bill amends Title II of the Social Security Act to allow individuals who leave work to serve as caregivers to earn Social Security benefits based on what would have been their wages, for up to five years. The intent is to prevent them from being financially disadvantaged if they take time out of their career for caregiving.
Eligible Family Caregivers
Eligible caregivers are those who provide at least 80 hours of care per month to a dependent relative. They must document the specifics of the caregiving relationship.
Amount of Catch-up Contribution
Individuals may earn Social Security credits for each month during which they were engaged in at least 80 hours of family caregiving without monetary compensation. They can earn up to 50% of the national average wage index for up to 60 qualifying months.
Financing & Implementation
Program Administration
Social Security Administration
Revenue Source(s)
Not specified
Program Cost Estimate
Not specified