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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. ... "With just eight ...
Social Security has trust funds it can use to keep up with its benefit payments during this time. But the most recent Trustees report has the program's trust funds being emptied by 2035.
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Decades in the making, senators voted 76-20 for the Social Security Fairness Act, which would eliminate two federal policies that prevent nearly 3 million people, including police officers ...
For instance, under the GPO, someone who receives a $900 spousal benefit from Social Security but who also has a $1,000 non-covered pension would see their Social Security benefit cut by $667.
The WEP is preventing her from receiving her full Social Security benefits, and on top of that, she is missing out on $400 each month from her late husband’s benefits as well, thanks to the GPO ...
Increasing the Social Security payroll tax: This is the tax all workers pay on their income up to an inflation-adjusted ceiling ($168,600 in 2024). This meant workers took home less money each year.
Ohio's Social Security benefit payments could rise by as much as $84.6 million per month in total with new cost of living adjustment for 2025. That amounts to $1.01 billion total in additional ...