Every year, the trustees analyze the current state of Social Security and forecast the future of the program. Changes in the ...

Although Congress has yet to act, it is well known that Social Security's rainy-day funds will soon run dry, and revenue from ...

The Social Security landscape in the United States is undergoing significant changes, impacting millions of beneficiaries.

Social Security is facing a funding crisis that could lead to significant benefit cuts for retirees in the near future. The ...

The Social Security Administration says about 2 million people — 3.1% of beneficiaries — were subject to WEP reductions in 2022. Meanwhile, nearly 13% of spousal and survivor beneficiaries ...

The way to avoid the so-called windfall in the Windfall Elimination Provision was to calculate benefits in a way that would presume a public servant’s pension fund was sufficient. Unfortunately, ...

And that’s what the windfall elimination provision does. When that WEP formula is applied to my Social Security computation, it gives me the roughly 40% return rate rather than the 90% rate ...

Early this year, near the end of his term in office, President Biden signed the Social Security Fairness Act, a law that ended the Windfall Elimination Provision and Government Pension Offset ...

The Windfall Elimination Provision (WEP) penalized certain retirees. “Right now, WEP can reduce your Social Security benefit if you also get a pension from non-covered work,” Ray explained.

The Brief According to a recent report, money for Medicare and Social Security may run out by 2033 and 2035. Once funds are depleted, Medicare would only be able to cover 89% of patient costs. If ...

Meanwhile, Social Security's trust funds — which cover old age and disability recipients — will be unable to pay full benefits beginning in 2034, instead of last year's estimate of 2035. After ...