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New Bill Would Allow Some Americans to Opt Back Into Social Security

New Bill Would Allow Some Americans to Opt Back Into Social Security

Summary

A new bill called the Clergy Act aims to allow some clergy members to choose to participate in Social Security and Medicare after previously opting out. The bill proposes a two-year window for these individuals to revoke their exemptions. If passed, this law would let clergy meet the program's contribution requirements to receive benefits.

Key Facts

  • The proposed law is called the Clergy Act.
  • It allows clergy and Christian Science practitioners to opt back into Social Security and Medicare within a two-year window.
  • Currently, clergy members can choose to exempt themselves from these programs on religious grounds and cannot change this decision.
  • The Internal Revenue Service (IRS) must help inform eligible clergy about the new option.
  • President Trump is the current President of the United States.
  • More than 70 million Americans receive Social Security benefits.
  • The bill has bipartisan support, sponsored by Republican Vince Fong and Democrat Mike Thompson.
  • Clergy members would need to meet standard contribution requirements to benefit from Social Security.

Source Information