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Social Security and Family Leave: What’s the connection?
Sen. Marco Rubio (R-FL) has proposed The Economic Security for New Parents Act which would allow new parents to pull forward Social Security benefits to finance paid parental leave in exchange for having their retirement delayed by three to six months per benefit taken. This bill does not raise taxes or create a new entitlement program and is thus gaining in popularity with many conservatives. But, because Social Security is headed for financial trouble, the sustainability of financing parental-leave benefits through Social Security is questionable, as pointed out in this article by Abby M. McCloskey of The National Review. Read more about the Rubio’s bill in the full article here.
The Association of Mature American Citizens (AMAC) advocates for a strengthening of Social Security and has developed a bipartisan compromise bill, titled “The Social Security Guarantee Act,” taking selected portions of bills introduced by Rep. Sam Johnson (R-TX) and Rep. John Larson (D-CT) and merging them with the Association’s original legislative framework to create the new Act. AMAC is resolute in its mission to get the attention of lawmakers in DC, meeting with a great many congressional offices and their legislative staffs over the past several years. Learn more about AMAC’s Social Security Guarantee here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.