WASHINGTON, April 30 -- Sen. Kirsten Gillibrand issued the following press release:
U.S. Senators Kirsten Gillibrand (D-NY) and Chris Murphy (D-CT) reintroduced bicameral legislation to provide retirement compensation for individuals who leave the workforce to care for their loved ones.
The Social Security Caregiver Credit Act would provide five years of Social Security retirement credits to caregivers who spend at least 80 hours per month providing care to a dependent relative. By allowing caregivers to earn Social Security Credits while they are out of the formal workforce, this legislation recognizes the economic value of care work and would aid millions of Americans' long-term financial security. U.S. Representative Brad Schneider (D-...