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Your job type and recent policy changes could boost your Social Security benefits. Working past Full Retirement Age and ...
Claims for Social Security benefits have skyrocketed since the beginning of 2025, data from the Social Security Administration (SSA) reveals. In fiscal year 2024, the SSA processed 3.4 million ...
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.
At the start of 2025, then-President Joe Biden signed the Social Security Fairness Act into law, paving the way for 2.8 million Americans to receive an increase in their monthly Social Security… ...
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 ...
For years, people who were eligible for certain government benefits had some of their Social Security withheld due to two provisions -- the Windfall Elimination Provision (WEP) and the Government ...
Key Takeaways The Social Security Fairness Act was signed into law by President Joe Biden in January 2025 to repeal the Windfall Elimination Provision and Government Pension Offset. The law means ...
Dear Rusty: I don’t understand exactly how the Windfall Elimination Provision works for my situation. I turned 62 in 2017 and am currently still working in a “non-covered” job, not paying into Social ...
Social Security’s Old-Age and Survivors Insurance, or OASI, Trust Fund will necessitate a 23% benefit cut in 2033, up from last year’s estimate of a 21% benefit cut upon insolvency.
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.