A Social Security issue linked to the new Social Security Fairness Act may be costing some retirees thousands of dollars in retroactive benefits. Lawmakers are now urging the Social Security Administration to correct the problem and ensure that all eligible seniors receive the full payments they are owed. The issue affects certain retirees who may … Read more
The annual Social Security Trustees Report is one of the most important updates for retirees, workers, financial planners, and policymakers. It explains the financial condition of Social Security and gives projections for when the program’s trust funds may run short of money. By law, the report is supposed to be released by April 1 each year. However, … Read more
Some retirees are receiving unusually large Social Security back payments after the repeal of the Windfall Elimination Provision and Government Pension Offset. These rules had reduced or eliminated benefits for many public workers, including teachers, police officers, firefighters, federal employees, and surviving spouses. The Social Security Administration says eligible beneficiaries may receive a one-time payment … Read more
A new Social Security law has increased payments for more than three million Americans, but one Illinois woman’s case shows how benefit increases can still become vulnerable to mail theft and payment fraud. Jo Howard, a retired teacher from Pingree Grove, said she received a letter from the Social Security Administration informing her that she … Read more