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.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
