A few Senate Republicans are weighing a voluntary paid leave proposal that would allow parents to collect Social Security benefits early if they agree to defer their retirement benefits later in life to offset the costs.
GOP Sens. Mike Lee (Utah), Marco Rubio (Fla.) and Joni Ernst (Iowa) expressed support for the idea, provided by the conservative Independent Women’s Forum (IWF), calling it “novel” and “creative.” But the lawmakers noted that a formal piece of legislation still needs to be crafted.
“As you might imagine, turning good ideas into good legislation takes time,” Lee said in a call with reporters Wednesday. “Getting this right means asking the right questions and then figuring out how to answer them.”
According to IWF’s six-page proposal, parents could take up to 12 weeks and receive on average 45 percent of their pay in a Social Security parental benefit that’s calculated using the same formula as Social Security disability benefits.
The IWF estimates the average wage worker would receive $1,175 per month.
Lee said lawmakers are trying to figure out how to structure benefits so they are delivered to families when…