House just voted yes to increase Social Security for some …
14 hours ago · The House just voted ‘yes’ on a bill that would increase Social Security checks for some pensioners. Certain rules that reduce pensioners’ Social Security benefits have been in place for ...
Social Security Update: When New Benefits Will Go Into Effect
12 hours ago · A sign is seen outside a US Social Security Administration building, November 5, 2020, in Burbank, California. Millions could get expanded Social Security benefits now that a new House bill was ...
What to know about the House push to expand some Social Security benefits
5 days ago · Updated 2:15 PM PST, November 8, 2024. WASHINGTON (AP) — The House is expected to try next week to pass a Social Security-related bill to ensure benefits for workers who are also eligible for other pensions despite a surprise move by hard-right Freedom Caucus leaders to derail the effort. It’s a quick turnaround to salvage what had been a ...
Here's what to know about House bill to expand Social Security benefits
For instance, under the GPO, an individual with a $900 spousal benefit from Social Security, who also has a $1,000 non-covered pension, would see their Social Security benefit reduced by $667, or ...
Social Security Announces 2.5 Percent Benefit Increase for 2025
Oct 10, 2024 · Social Security benefits and Supplemental Security Income (SSI) payments for more than 72.5 million Americans will increase 2.5% in 2025, the Social Security Administration announced today. On average, Social Security retirement benefits will increase by about $50 per month starting in January. Over the last decade the cost-of-living adjustment ...
Social Security bill would give seniors an extra $2,400 a ... - CBS News
Jun 16, 2022 · Anyone who is a current Social Security recipient or who will turn 62 in 2023 — the earliest age at which an individual can claim Social Security — would receive an extra $200 per monthly check.
How the 2025 COLA will change your benefit - CBS News
Oct 10, 2024 · The 2.5% COLA increase will boost the average Social Security payment by about $50 starting in January, the agency said on Thursday. This year, the average monthly benefit payment for retirees is...
Social Security projected to cut benefits in 2035 barring a fix
May 7, 2024 · Instead, Social Security beneficiaries will face a cut to their monthly checks, with the agency on Monday projecting that recipients would lose 17% of their current benefits.
Social Security benefits to jump by 8.7% next year | AP News
Oct 13, 2022 · Millions of Social Security recipients will get an 8.7% boost in their benefits in 2023. That’s a historic increase and welcome news for American retirees and others — but it’s tempered by the fact that it’s fueled by record high inflation …
Bill to boost Social Security for public workers heads to a vote
Sep 25, 2024 · The Act would repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) that reduce Social Security benefits for certain retirees who also receive pension income. If...