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If the federal government shuts down this weekend, work at numerous publicly funded agencies would slow or stop altogether, while millions of government employees would stop receiving paychecks.
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 ...
Twenty GOP senators voted against legislation approved by the Senate late Friday that would bolster Social Security benefits for more than 2 million American citizens working in a range of ...
At the end of 2009, the Trust Fund stood at $2.5 trillion. The $2.5 trillion amount owed by the federal government to the Social Security Trust Fund is also a component of the U.S. National Debt, which stood at $15.7 trillion as of May 2012. [18] By 2017, the government had borrowed nearly $2.8 trillion against the Social Security Trust Fund.
The average monthly Social Security benefit will increase from $1,927 to $1,976 in 2025 after the cost-of-living adjustment this year, according to the Social Security Administration.
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.
The House-passed Social Security Fairness Act enjoys rare bipartisan support on Capitol Hill, yet the odds of it getting enacted are growing smaller with each passing day. Lawmakers on both sides ...
The discussion concluded with an emphasis on the need for innovative solutions to protect retirement incomes against market volatility and the importance of allowing more personal control over ...