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The Old Age and Survivors Insurance (OASI) trust fund reserves that cover Social Security benefits -- in part, for roughly 57 million Americans -- is currently on track to be depleted by 2033,...
President Biden signed legislation into law over the weekend to expand Social Security benefits for droves of Americans. The measure, dubbed the Social Security Fairness Act, repeals two tax rules ...
First, it gets rid of the Windfall Elimination Provision, which can reduce benefits for workers who get pension or disability benefits from an employer that doesn't collect Social Security taxes ...
The purpose of these two 1980s-era programs was "so that there was no way you could 'double dip' into both a federal pension and Social Security ... be cut nearly in half — reduced by $557, to ...
House Speaker Mike Johnson said Tuesday that cuts to Social Security and Medicare won't be part of the legislative package being worked out to fund President-elect Donald Trump's agenda. "No, the ...
The Social Security Fairness Act would cost $196 billion over the next decade, hasten Social Security’s insolvency by about six months and increase the automatic benefit cuts when they occur ...
But while Social Security cuts are clearly problematic, there's another program that's at risk of having benefits cut due to a funding shortfall -- Medicare. And if lawmakers don't address its ...
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.