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Social Security Fairness Act could restore benefits
Congress passed the Social Security Fairness Act. Millions of people could see more in benefits as a result.
The Senate voted early Saturday morning to repeal two laws that prevent many public employees from receiving Social Security, a move that is expected to weigh on the overall solvency of the Social Security system.
How much Social Security benefits the average 62-year-old gets per month
But those who claimed at 62 receive far less. Their average monthly benefit in 2023 was just $1,298.26. Factoring in the 2024 COLA brings it to $1,339.80. And the 2.5% COLA for 2025 will make it about $1,373.30.
Social Security Fairness Act could restore benefits for millions, but policies still cause hardship
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."
16h
on MSN
US Senate approves Social Security change despite fiscal concerns
President-elect Donald Trump plans to launch a mass deportation operation targeting millions of immigrants living in the U.S.
1d
on MSN
Congress approves changes to Social Security for some public sector workers
The Windfall Elimination Provision (WEP) reduces Social Security for those who earn “non-covered” pension income their jobs, ...
1d
Congress Approves Full Social Security Benefits for Public Sector Retirees
The popular measure gives full benefits to millions of people who currently receive them at a reduced level. Critics warn the ...
CNET on MSN
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Social Security December 2024: The Last Payment of the Year Is Coming Early
The last Social Security payment for December 2024 will hit bank accounts a day early. Here's why.
3h
Good news for Social Security beneficiaries: This is the new maximum amount starting in January 2025
Social Security beneficiaries have several reasons to be optimistic, thanks to a series of changes announced by the Social ...
9h
Real World Economics: Eliminating Social Security’s ‘windfall elimination’ would be an injustice
Two people are retiring. One worked entirely in a government job not covered by Social Security because it had a pension ...
15h
on MSN
Suze Orman offer surprising reason to delay social security til 70
The financial planning guru firmly believes delaying social security benefits for as long as possible pays off.
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