U.S. sparks new debate social security benefits and work after retirement. U.S. lawmakers are debating whether to eliminate a rule called the “retirement income test.” The rule currently affects people who receive Social Security benefits before reaching full retirement age. Congress is debating ending the Social Security retirement income test. (AP Photo/Leah Willingham) (AP) What … Read more
the white house stated president donald trump A new presidential memorandum will be signed later today. The main purpose of the memorandum is to prevent illegal immigrants from receiving benefits under the Social Security Act. Trump signs memorandum to prevent illegal immigrants from receiving Social Security benefits. (Bloomberg/Representative photo) (Bloomberg) Social Security Trust Fund Shortage … Read more
New long-term estimates suggest the Social Security trust funds may last slightly longer than previously expected. The Old Age and Survivors Insurance (OASI) trust fund, which primarily pays out retirement benefits, could be exhausted by February 2033, according to new projections analyzed by CNBC Reports from the University of Pennsylvania’s Penn Wharton Budget Model (PWBM). … Read more