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  2. This Is the Average Social Security COLA Since 2014

    www.aol.com/finance/average-social-security-cola...

    The Social Security program has existed since 1935, but COLAs were not introduced until the mid-1970s. Back then, the adjustments were much larger than they are now. Between 1975 and 1982, COLAs ...

  3. Social Security Fairness Act could restore benefits, but ...

    www.aol.com/social-security-fairness-act-could...

    Even though supporters of the Social Security Fairness Act argue it will only drain the Social Security fund six months earlier than otherwise expected, some critics believe there are better ...

  4. Biden signs Social Security Fairness Act into law: What to know

    www.aol.com/biden-signs-social-security-fairness...

    President Biden signed legislation into law over the weekend to expand Social Security benefits for droves of Americans. The measure, dubbed the Social Security Fairness Act, repeals two tax rules ...

  5. Social Security (United States) - Wikipedia

    en.wikipedia.org/wiki/Social_Security_(United...

    If Social Security benefits were reduced by 3% to 5% for new retirees, about 18% to 30% percent of the funding gap would be eliminated. [citation needed] Average in more working years. Social Security benefits are now based on an average of a worker's 35 highest paid annual salaries with zeros averaged in if there are fewer than 35 years of ...

  6. Social Security debate in the United States - Wikipedia

    en.wikipedia.org/wiki/Social_Security_debate_in...

    Because Social Security tax receipts and interest exceed payments, the program also reduces the size of the annual federal budget deficit commonly reported in the media. For example, CBO reported that for fiscal year 2012, the "On-budget Deficit" was $1,151.3 billion. Social Security and the Post Office are considered "Off-Budget".

  7. Who gets increased Social Security benefits? What to know ...

    www.aol.com/gets-increased-social-security...

    The bill could also jeopardize the Social Security fund overall, critics say. Sen. Thom Tillis, R-N.C., said the Social Security trust fund is less than 10 years away from being insolvent, and ...

  8. Biden signed a big Social Security change into law — are you ...

    www.aol.com/finance/biden-signed-big-social...

    U.S. President Joe Biden signed the Social Security Fairness Act into law on Jan. 5., increasing the ability of retired public service workers who receive pensions to access Social Security ...

  9. National Commission on Fiscal Responsibility and Reform

    en.wikipedia.org/wiki/National_Commission_on...

    The National Commission on Fiscal Responsibility and Reform (often called Simpson–Bowles or Bowles–Simpson from the names of co-chairs Alan Simpson and Erskine Bowles; or NCFRR) was a bipartisan Presidential Commission on deficit reduction, [1] created in 2010 by President Barack Obama to identify "policies to improve the fiscal situation in the medium term and to achieve fiscal ...

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