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The Social Security Fairness Act (SSFA), which was recently signed into law by former president Joe Biden, eliminates rules that reduce Social Security benefits for those who also get income from...
Image source: Getty Images. 1. The cost-of-living adjustment. Seniors get a bump in their Social Security benefit every year called the cost-of-living adjustment ().The 2025 COLA of 2.5% was ...
The Social Security Administration's press office provided comments after the initial publication of this story, stating that "state and local government employers are required to disclose ...
If Congress sticks to that timeline, that means the Social Security Administration would owe back-dated payments. How much money is involved? The Congressional Budget Office estimates that eliminating the Windfall Elimination Provision would boost monthly payments to the affected beneficiaries by an average of $360 by December 2025.
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 ...
The Social Security Act created a Social Security Board (SSB), [7] to oversee the administration of the new program. It was created as part of President Franklin D. Roosevelt 's New Deal with the signing of the Social Security Act of 1935 on August 14, 1935. [ 8 ]
One thing people quickly notice about Social Security is that change is virtually inevitable. The most notable change to Social Security benefits in 2025 should be good news. All current ...
They say that demographic and revenue projections might turn out to be too pessimistic—and that the current health of the economy exceeds the assumptions used by the Social Security Administration. These Social Security proponents argue that the correct plan is to fix Medicare, which is the largest underfunded entitlement, repeal the 2001 ...