Who gets increased Social Security benefits? What to know after President Biden signs bill
Biden estimated the bill should lead to an average monthly increase of $360 for certain public employees and their spouses and survivors. The outgoing president said more than 2.5 million Americans will receive a lump sum payment worth "thousands of dollars" to compensate for the benefits they should have received last year.
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."
Social Security's retirement age increases today. Here's what to know
In 2024, the life expectancy for someone born in 1959 was 74 for men and 80.1 for women, according to a Social Security report. The report predicts continuing increases in life expectancy, which translates into even more years that beneficiaries will receive Social Security checks.
Here’s how a 40-year law on Social Security impacts retirement in 2025
In 1983, Congress passed a law that gradually increased the age at which people may receive 100% of their Social Security benefits from 65 to 67, a change that was felt over the following decades as Americans approached their retirement age, according to Bipartisan Policy Cente r. The increase aimed to match increasing life expectancy.
Biden Signs Social Security Fairness Act: When Do Higher Payments Start?
For decades, Americans have seen lower Social Security checks if they fall into the circumstances under the WEP and GPO.
5 Social Security changes retirees and workers should know in 2025
Workers will have to earn a little bit more to earn their 2025 Social Security work credits, and that's not the only change this year.
Social Security Fairness Act brings retirement changes for nearly 3 million public pensioners
President Joe Biden on Sunday signed the Social Security Fairness Act into law, clearing the way for nearly 3 million public workers including teachers, firefighters and police to see an increase to their Social Security benefits.
Social Security Update: Recipients to Get $4,320 in Backdated Payments
The Social Security Fairness Act is now law, and a year of backdated payments await nearly 3 million Americans.
Millions to get higher Social Security payments under new law
President Biden on Sunday signed a measure into law that will boost Social Security payments for nearly 3 million current and former public employees.
Biden signs Social Security Fairness Act into law
President Joe Biden signed the Social Security Fairness Act into law Sunday, marking what is expected to be one of the last major pieces of legislation of his presidency.
These government workers will benefit after Biden signs new Social Security law
President Joe Biden signed a bill on Sunday that will repeal two laws previously preventing many public employees from receiving Social Security benefits.
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How to Find Out How Much Social Security Benefits You'll Get
To see all of your Social Security benefits, you need to sign up for a My Social Security account. Note that if you've ...
Social Security: When are benefits being sent out in 2025?
For recipients who began receiving benefits before May 1997 or who receive both Social Security and Supplemental Security ...
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If I Get $3,300 per Month From Social Security, Can I Reduce My Taxes?
Approximately 40% of households pay taxes on their Social Security benefits, according to the Social Security Administration.
Social Security's 2025 COLA Took Effect in January, but It Comes With an Unpleasant Surprise for Retirees
Social Security's 2025 cost-of-living adjustment (COLA) took effect in January. Benefits will increase 2.5% this year, the ...
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Social Security Benefits Are Shrinking
Social Security benefits are shrinking relative to Medicare premium increases, leaving older adults with less cash at the end ...
When can I collect my Social Security? | What's the Deal?
Elizabeth Ayoola with NerdWallet said the earliest you can start collecting is 62 years old. However, the amount is permanently dinged 25% to 30% depending on your birth year. For example, if your ...