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First, it follows a Social Security Administration announcement in 2022 that Americans will stop receiving their full Social Security benefits in about 13 years without actions to bolster the program.
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out. ... would skip a committee hearing and send the bill directly ...
Once signed into law, the legislation's effective date involves Social Security payments for months after December 2023, according to the text of the bill. Still, calculating what folks are due ...
The Senate in a 76-20 bipartisan vote shortly after midnight approved the Social Security Fairness Act, which would repeal two-decades-old provisions that can reduce benefits for people who also ...
The big news for 2023 is an 8.7% jump in the Social Security COLA, which is the highest since an 11.2% increase in 1981. ... The average monthly Social Security payment for all retired workers has ...
For anyone receiving Social Security benefits, the new payment amount will start in January 2023, according to the SSA. For those receiving Supplemental Security Income , the new payment amounts ...
This week, the Social Security Administration announced the biggest payment increase for the program in decades. Every year since 1975, the SSA has instituted a cost-of-living adjustment (COLA ...
With half of 2022 in the books, the potential adjustments that might hit Social Security in 2023 are coming into focus. Here are some of the big changes that both current workers and retiree ...