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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 ...
Benefits have increased by 2.5% as of January, according to the Social Security Administration (SSA), which bumps up retirement benefits by an average of roughly $50 each month.
The change is to payments from January 2024 and beyond, meaning the Social Security Administration would owe back-dated payments. The measure as passed by Congress says the Social Security commissioner "shall adjust primary insurance amounts to the extent necessary to take into account” changes in the law. It's not immediately clear how this ...
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 ...
U.S. President Joe Biden signed the Social Security Fairness Act into law on Jan. 5., increasing the ability of retired public service workers who receive pensions to access Social Security ...
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 ...
More: Will you take Social Security in 2025? Better know your official full retirement age ... This article originally appeared on USA TODAY: Congress approves change to Social Security for ...
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.