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A new proposal from U.S. Sen. Bob Casey (D-Pa.) aims to change “outdated and arbitrary restrictions” on Social Security benefits for widows, widowers and surviving divorced spouses. Backers of ...
The GPO, adopted in 1977, reduced spousal benefits for those who received retirement or disability income from government-based work that didn't require the payment of Social Security taxes.
Widows, widowers, and surviving minors also can receive Social Security benefits, and the SSA estimates that such benefits will be $1,832 for an aged widow or widower, up from $1,788.
The government pension offset reduces Social Security benefits for spouses, widows and widowers who also have pension income. More than 745,000 Americans are affected by the GPO.
Every year, the government makes adjustments to the program that help it take in greater tax revenue and increase benefits available to retirees, among other things. The big Social Security news ...
Social Security can go a long way in retirement, and if you're married, you could be entitled to extra cash each month in the form of spousal benefits. The average spouse of a retired worker ...
According to the 2024 Social Security Statistical Supplement, there are about 1.98 million people actively receiving a spousal benefit from Social Security. The average monthly benefit was $890.24 ...
This year’s 3.2% cost-of-living adjustment pushed the average Social Security retirement check to $1,864.52 a month as of March 2024, according to the Social Security Administration.