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The increase would be an average of $1,190 for 390,000 or surviving spouses getting a widow or widower benefit. Those amounts would increase over time with Social Security’s regular cost-of-living adjustments. The change is to payments from January 2024 and beyond, meaning the Social Security Administration would owe back-dated payments.
The US Senate passed a bipartisan bill early Saturday to increase Social Security benefits for close to 3 million federal, state and local public sector workers, which includes firemen, policemen ...
At the start of 2024, seniors on Social Security saw their benefits rise 3.2%. This year's cost-of-living adjustment, or COLA, pales in comparison to the 8.7% COLA that Social Security recipients ...
As the Social Security Old Age and Survivors Insurance Trust (OASI) faces depletion by 2033, President Joe Biden has suggested to bolster funds in the trust and help fill the $22.4 trillion ...
With the 2024 Social Security cost-of-living adjustment (COLA) poised to fall 5% or more from the 2023 level, it might be a good time to revisit a tweet the Biden administration made late last year...
In introducing his 2024 budget plan in March 2023, Biden said he wanted to make sure his administration was “protecting and strengthening” Social Security for Americans, and he reaffirmed his ...
Biden has consistently pledged not to cut Social Security benefits. During his 2020 presidential campaign and his time in office, he emphasized his commitment to protecting and strengthening the ...
For years, President Joe Biden has delivered the same message on Social Security: He aims to strengthen the program while also avoiding benefit cuts, mainly by having wealthy Americans pay more in...