Nearly 3 million Americans will receive full Social Security benefits under legislation now on the desk of President Biden, who is expected to sign it early next week. Passed in the waning hours of the current Congress more than a week ago, the Social Security Fairness Act landed at the ...
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 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....
Although it passed with wide support, reactions to the Social Security Fairness Act have been mixed. "Congress broke a promise 40 years ago to millions of Americans when it enacted the Windfall Elimination Provision and the Government Pension Offset," said Edward Kelly, general president ...
The Social Security Administration will now begin issuing large back payments to millions of individuals; however, it is unlikely the agency has the bandwidth to implement the new benefit structure seamlessly, quickly and correctly.
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. ...
of financial pain. But fixing the problem has never been a high priority on Capitol Hill. In 2015, Congress did approve a measure to reduce overpayments by giving Social Security more timely access to payroll data. But eight years later, the agency still hasn't ...
RIO DE JANEIRO, Feb. 5 (Xinhua) -- Brazilian President Michel Temer Monday urged Congress to approve the social security reform bill, which has run into controversy for its retirement policy. Temer highlighted the importance of the reform for the country at the opening of this year's Congress...
What happens next to the Social Security Fairness Act? Despite having 62 cosponsors in the Senate, the bill still needs to be brought up for a vote by the chamber's leadership, and soon. The bill "dies December 31, at the end of the second session of Congress," Benton said. "Not on...
Although the bill would likely face obstacles in Congress, lawmakers are likely to take steps to shore up Social Security given the eventual shortfall, which would result in a cut to monthly benefits by about 20% starting in 2035, Shedden said....