If you are receiving Social Security retirement benefits while continuing to work, your monthly payments may be reduced depending on your income and age. However, this situation could shift significantly if a new proposal—the Senior Citizens’ Freedom to Work Act—is passed into law. The bipartisan bill, introduced by Rick Scott and Greg Murphy, aims to … Read more
A major update to Social Security policies is set to benefit millions of Americans. Recent legislative changes have removed long-standing provisions that previously reduced or limited payments for certain public sector workers. Key Policy Change in 2025 In 2025, the Social Security Fairness Act was introduced to address longstanding concerns about reduced benefits for public … Read more
Following a significant policy update last year, some Social Security recipients are now experiencing higher monthly payments. In January 2025, the Social Security Fairness Act removed two long-standing provisions that had previously reduced or eliminated benefits for more than 2.9 million public sector workers. The legislation eliminated the Windfall Elimination Provision, which had lowered retirement … Read more
Millions of customers of Capital One may soon receive additional funds in their bank accounts after a federal judge approved a $425 million lawsuit settlement. The decision comes after a legal dispute that lasted approximately two years. Background of the Lawsuit The case centered on allegations that Capital One directed customers away from savings accounts … Read more
The likelihood that federal civilian employees will receive a pay increase in 2027 appears to be diminishing. The House Appropriations Committee recently moved forward with the Financial Services and General Government (FSGG) appropriations bill for 2027 without including any provision for a salary increase for civilian federal workers. This follows the budget proposal from Trump … Read more
Some retirees may be missing out on thousands of dollars in Social Security back payments, leading a bipartisan group of U.S. senators to urge the agency to revise its current policy on retroactive benefits. The issue revolves around how the Social Security Fairness Act is being applied following its enactment in January 2025. Background: Changes … Read more
Certain Social Security beneficiaries are receiving increased payments this year due to changes in how benefits are calculated. The removal of two key restrictions has led to higher payments for eligible widows and divorced spouses, affecting about 28 percent of state and local public workers, according to the Social Security Administration. The Congressional Budget Office … Read more