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  2. This US lawmaker just teased changes to America’s Social ...

    www.aol.com/finance/us-lawmaker-just-teased...

    Pushing the retirement age later or cutting benefits could be highly detrimental to American seniors. Social Security accounts for about 30% of the income of people over 65, and many begin taking ...

  3. Social pension - Wikipedia

    en.wikipedia.org/wiki/Social_pension

    Financing the social pension is a part of national, fiscal, and public finance policies and therefore is linked to the general government budget. Generally, the social pension schemes as a part of the first pillar of pension systems use the pay-as-you-go scheme (PAYG), which collects contributions in the form of social security taxes [9] every ...

  4. Senate approves bill to bolster Social Security benefits for ...

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    The chamber approved House Resolution 82, the Social Security Fairness Act, by a 76-20 margin. All 20 no votes were among Senate Republicans. The bill was previously approved by the House by a 327 ...

  5. US Senate approves Social Security change despite ... - AOL

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    The U.S. Congress early on Saturday passed a measure to boost Social Security retirement payments to some retirees who draw public pensions - such as former police and firefighters - which critics ...

  6. Senate approves bill to expand Social Security to millions of ...

    www.aol.com/senate-approves-bill-expand-social...

    The Social Security Fairness Act would repeal two federal policies — the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO) — that reduce Social Security payments to ...

  7. Welfare spending - Wikipedia

    en.wikipedia.org/wiki/Welfare_spending

    The social welfare is provided through social (including pension) insurance, sick insurance (not to be confused with health insurance), public policy related to unemployment and low income benefits, which are financed through the government budget, and health insurance, which is financed through an array of insurance companies. [61]

  8. Mandatory spending - Wikipedia

    en.wikipedia.org/wiki/Mandatory_spending

    Medicare is a government administered health insurance program for senior citizens. [9] In the 10 years following the creation of Medicare, mandatory spending increased from 30 percent to over 50 percent of the federal budget. The graph to the right shows the larger share of the Federal Budget that mandatory spending has taken up over time.

  9. Most Seniors Say 2025 COLA Is Too Low: 3 Ways They Plan To ...

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    The Social Security Administration has announced of a 2.5% cost-of-living adjustment (COLA) for 2025 -- that's lower than the 3.2% increase in 2024 and 8.7% increase in 2023. The smaller COLA ...

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