Public workers waited 40 years for law to boost Social Security. Now, they wait for payout
It took 40 years for Congress to pass a law to boost Social Security for public workers. Now, SSA says they must wait at least a year for the money.
Social Security Payments: Millions May Not Receive Boost For Over A Year
Callers to the SSA hear a message about the Social Security Fairness Act, intended to reduce long and frustrating wait times for those seeking information on the new law. However, more than 7,000 people per day still choose to wait for a live representative, leading to a backlog that is expected to grow in the coming weeks and months.
Social Security's Day of Reckoning Is Getting Dangerously Close
The program's combined trust funds, however, are set to run dry in 2035, according to the most recent Social Security Trustees report. And while that date is by no means set in stone, if it is correct, it means the program may have to implement sweeping benefit cuts a decade from now.
Higher Social Security Benefits Under New Law Delayed—How Long Will You Have To Wait?
Retirees looking forward to increased benefits because of the Social Security Fairness Act may now have to wait more than one year due to reduced funding for the Social Security Administration (SSA).
Over 3 million on Social Security may wait more than a year for higher payments
More than 3.2 million people will see increased Social Security benefits, under a new law. However, individuals who are affected may have to wait more than a year before they see the extra money that’s due to them from the Social Security Fairness Act,
First round of February Social Security payments goes out in 14 days
The first round of February’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, will go out to the first group of retirees in 14 days. Here is all you need to know about February’s Social Security payments,
Social Security Fairness Act’s boosted payments may be a year away
Social Security beneficiaries who stood to see a boost in payouts as the result of a law approved earlier this month may have to wait a little longer than expected for higher payments.
Worried About How President Donald Trump's Social Security Plans Could Affect Your Retirement? Do These 4 Things to Prepare Now.
Those who are unable to work in retirement may be eligible for other government benefits, depending on their income.
Suze Orman warns U.S. workers on Social Security, 401(k) change
Related: Suze Orman warns Social Security recipients of a looming threat. Substantial contributions to employer-matching ...
Here’s the Timeline for Social Security Cuts — and What Lawmakers Can Do to Avoid Them
There’s a rumor circulating that Social Security is headed toward bankruptcy. And thankfully, that rumor isn’t true. Social ...
Here are changes Americans would make to close Social Security's financing gap
Social Security benefits may be reduced in the next decade due to a financing shortfall. A new survey asks Americans how they ...
Social Security COLA prediction: Bad news for retirees?
The non-partisan advocacy group The Senior Citizens League predicts the 2026 COLA will be 2.1%, based on data from the Bureau ...
6 Big Shakeups Coming to Social Security in 2025
Nearly 72.88 million Americans rely on Social Security for monthly income. The vast majority, about 65.5 million, collect ...
Medicare, Social Security Immune From Trump’s Federal Freeze
Unclear if sweeping executive order will affect Medicaid and other federal assistance programs for older Americans.
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What you need to know about the Social Security Fairness Act
On January 5, 2025, the Social Security Fairness Act was signed into law, marking a major reform for public sector workers, ...
Social Security Cost-of-Living Adjustment (COLA) Update: Here's the Projected Increase for 2026
By now, all seniors on Social Security should have gotten their first checks for 2025. With the latest 2.5% cost-of-living ...