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The GPO, adopted in 1977, reduced spousal benefits for those who received retirement or disability income from government-based work that didn't require the payment of Social Security taxes.
Supplemental Security Income (SSI) recipients might soon get bigger monthly payments if the Social Security Administration succeeds in pushing through a proposed change in how benefits are calculated.
Some believe the proposed change would disproportionately affect people who left the work force for some time, perhaps to serve as caregivers or raise children, or who were forced into early ...
The dispute was initially over proposed changes to the Universities Superannuation Scheme (USS), a pension scheme. The changes would have seen a significant drop in worker compensation, and in response the sector experienced industrial action on a scale not before seen.
In November 2021, two academics, Dr Neil Davies and Dr Ewan McGaughey, commenced legal action in McGaughey and Davies v USS Ltd, crowd-funded to the tune of over £50,000 by around 1,500 USS members, against the USS directors, accusing the trustee directors of abuse of power towards scheme beneficiaries and seeking to halt proposed pension cuts ...
Changes to retirement plan contributions. The Internal Revenue Service announced record-high maximum annual contributions to 401(k) and similar retirement accounts for 2023. Workers who have a 401 ...
Let’s examine the proposed changes. Social Security Expansion Act Sen. Bernie Sanders and Rep. Peter DeFazio introduced the Social Security Expansion Act on June 9.
The Kline–Miller Multiemployer Pension Reform Act of 2014 (Division O of Pub. L. 113–235 (text)) is a federal law that was enacted in the United States on December 16, 2014, with the goal of allowing certain American pension plans that have insufficient funds, and thus are at risk of insolvency, to reduce the benefits they owe to participants.