lower birth rates and the widening income gap — the Social Security Trustees 2018 report projects that beneficiaries will see a 21 percent cut in benefits by 2034 unless Congress takes action to prevent the funding shortfall. The Congressional Budget Office's estimate is more dire, pegging the y...
"When you see the numbers of the GPO elevated, it's because many of those people were probably teachers and married to somebody who worked in a Social Security job," said Joslyn DeLancey, vice president of the Connecticut Education Association. "They're not going to get that spousal Social ...
Congress passed legislation Thursday ensuring that 44 million Social Security checks will go out on time - even if the White House and Republicans are unable to resolve their differences over extending the government's $4.9 trillion borrowing limit....
The CalSTRS board voted this month to “watch” a new cost-neutral bill in Congress that would reduce what has been an unpleasant surprise for some teachers and a shock to others — joining CalSTRS can cut Social Security benefits. Two federal laws enacted to avoid Social Security overpaymen...
RIO DE JANEIRO, Nov. 22 (Xinhua) -- The Brazilian government announced on Wednesday modifications to its controversial social security reform bill in a bid to ensure the bill's approval in the Congress. The modifications included changes related to retirement, dropping the minimum years of working...
The bill for the reform of the civilians' social security system has been presented to the Congress, but Rodrigo Maia, head of the House, said the Congress will not submit the bill to a vote if the government does not present a bill for the military as well. ...
The Social Security Fairness Act overwhelmingly passed the House in early December and on December 18 cleared a key Senate procedural vote by 73 to 27. …half a century ago, Congress realized that Social Security benefit windfalls for public sector employees were costly, unnecessary and unmerited....
The Social Security records office in Baltimore, Ohio, U.S., 1930s. Harris & Ewing, Inc./Library of Congress, Washington, D.C. (LC-DIG-hec-29043) Social security regulations have become extremely complex and difficult to understand. Where there are separate funds, each may have a national...
That's just one of the ideas in their Social Security plans, which would also bolster underlying benefits and raise taxes to keep the program afloat. The leading Social Security overhaul plan in Congress from Rep. John Larson, D-Conn., would also switch to the new measu...
Did the House Freedom Caucus block the Social Security bill? Two leaders of the conservative House Freedom Caucus intervened when the rest of Congress was away from Capitol Hill, mostly in home states for Election Day. The Freedom Caucus chairman Rep. Andy Harris, R-Md., and former chair...