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For decades, a Social Security spousal rule has allowed those planning for retirement to switch between their benefits and spouses to receive the maximum amount. That rule is scheduled to end this...
The U.S. government clawed back more than $31 million in Social Security payments that improperly went to dead people, a recovery that one official said Wednesday was “just the tip of the ...
As of June 2023, about 67 million Americans receive a social security benefit each month. Of those, 5.8 million are survivors of deceased workers, accounting for 11.5% of the payments.
The average Social Security payment of $1,230/month ($14,760/year) in 2013 [101] is only slightly above the federal poverty level for a one-person household – $11,420/yr and below the poverty guideline of $15,500/yr for two person households. [102]
Retirement Insurance Benefits (abbreviated RIB [1]) or old-age insurance benefits [2] are a form of social insurance payments made by the U.S. Social Security Administration paid based upon the attainment of old age (62 or older). Benefit payments are made on the 3rd of the month, or the 2nd, 3rd, or 4th Wednesday of the month, based upon the ...
A Social Security spousal rule that was around for decades ended this year for the last eligible retirees — those who turned 70 on Jan. 1, 2024. The rule allowed recipients to switch between ...
A government audit revealed that the Social Security Administration had incorrectly listed 23,000 people as dead in a two-year period. These people sometimes faced difficulties in convincing government agencies that they were actually alive; a 2008 story in the Nashville area focused on a woman who was incorrectly flagged as dead in the Social Security computers in 2000 and had difficulties ...
Workers currently pay Social Security taxes to the tune of 12.4%. Increasing that tax rate would clearly do the job of pumping more money into the program. But the downside is that higher taxes ...