The repeal of two provisions will boost Social Security payments for certain beneficiaries, and will include back payments.
The Social Security Fairness Act of 2024 promises significant financial relief for nearly 3 million retired public service ...
Kathryn McCall, a CFP and financial adviser with CAPTRUST, highlights how individuals previously affected due to shifting from private to public sector roles will now receive fair compensation without ...
The Congressional Budget Office (CBO) estimates the repeal will cost taxpayers $196 billion over the next decade, plus an ...
Just after midnight on the very last day of the 2024 Senate session, the Social Security Fairness Act was passed.
The program's total costs became higher than its total income in 2021, but its costs have been higher than the trust funds' non-interest income since 2010. This means the program is currently ...
Since 2001, Congress had a fix − the Social Security Fairness Act − but every year, something got in the way. Finally, in the 118th Congress, constituents stepped in and got involved.
The financial future of the more than 70 million Americans who receive Social Security benefits is slightly more secure than anticipated: The trust fund reserves used to pay beneficiaries are ...
You can collect unemployment and Social Security benefits simultaneously, but doing so could impact your taxes. If you apply for Social Security before full retirement age, expect your monthly ...