2.8 Million Americans Could Receive Expanded Social Security Benefits in 2025. Here's How
Social Security's 2025 cost-of-living adjustment (COLA) bumped the average benefit from $1,927 per month to $1,976 per month. It's a $49 increase, but many hoped for more. Despite slowing inflation, some retirees still find it difficult to make ends meet, particularly when they don't have a lot of personal savings.
Why US Congress restored Social Security benefits for public-sector retirees
Social Security is an earned benefit. You become eligible by paying the payroll tax during your working years, and the amount you get is geared to your wage history - with a glaring exception.
Cuellar’s Social Security Fairness Act sent to Biden for approval, restores benefits for public servants
The Social Security Fairness Act, co-sponsored by Rep. Cuellar, aims to restore full benefits to public servants by repealing WEP and GPO provisions.
Are You One of 2.8 Million Americans Who Could Benefit From the Social Security Fairness Act?
The U.S. Senate recently voted to proceed with the Social Security Fairness Act, a bipartisan bill that could expand Social Security benefits for nearly 3 million Americans. The bill passed in the House of Representatives in November and is now on its way to President Biden's desk.
Social Security's full retirement age is increasing in 2025: What to know
The full retirement age for Social Security is set to increase in 2025, with the age for new retirees to claim and receive their full benefit rising to 66 years and 10 months.
Is Your Social Security Income Subject to Taxes? Here's How To Find Out
Tax season is almost here. If you receive Social Security benefits, here's how to find out if you need to file a tax return.
This Is the Average Social Security Benefit for Age 72
Thankfully, Social Security benefits have grown since the first check was cut to one Ida May Fuller in 1940. The $24.54 she received from check number 00-000-001 wouldn't go very far today. Thanks to several Acts of Congress and dozens of cost of living adjustments (COLAs),
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More! on the windfall elimination provision and government pension offset
The motion was agreed to with 73 yeas and 27 nays which could mean higher Social Security benefits for CSRS retirees if ...
Congress passes bill to allow public workers, including teachers, to collect social security benefits
Congress has passed a bill that would allow public workers who receive a pension to also collect social security benefits.
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Social Security Fairness Act Calls for 2024 Back Payments
The bill repealing the controversial Windfall Elimination Provision and Government Pension Offset awaits President Biden's ...
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Bill to repeal windfall elimination provision clears a key Senate hurdle
The Senate voted 73-27 to invoke cloture on the Social Security Fairness Act, clearing the way for a final vote to pass the ...
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WEP/GPO Repeal Has Retroactive Benefits
The passage of the Social Security Fairness Act would mean Social Security beneficiaries affected by the WEP and/or GPO will receive benefits that are no longer reduced and on top of that, are ...
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Social Security Fairness Act awaits Biden's approval
Two long-standing rules "detested" but millions of public-sector workers for the reductions they make to Social Security ...
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Congress Passes Social Security Fairness Act, King Champions in Ohio
The Federal Social Security Fairness Act passed through the U.S. Senate Chamber in the final session Saturday before Congress ...
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Social Security benefits boosted for millions in bill headed to Biden’s desk
Ohio Democratic Sen. Sherrod Brown said during a recent floor debate that people who paid into Social Security for the ...
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How will the WEP and GPO affect Social Security?
Navigating the complexities of Social Security can be daunting, especially with provisions like the Windfall Elimination ...