Tag: Social Security
How much is the FERS annuity supplement for 2017? The author provides an explanation and an example.
Recently proposed legislation would apply a new COLA for all federal benefits programs. While the bill claims to be an improvement for benefits recipients, the author says that “better” in this case means that everybody would ultimately pay more.
The author says that it appears that the Trump administration’s nominee to lead the Office of Management and Budget has a fundamental misunderstanding of Social Security’s relationship to the federal debt.
The author suggests that the consequences of Social Security will arrive much sooner than the experts are predicting and says that we may actually have to repay the Trust Fund.
A new report from the Congressional Budget Office says that under current law, Social Security benefits would have to be cut 29% beginning in 2030 at the current rate of consumption.
Legislation has been introduced that would make sweeping reforms to Social Security. The author says it would make cuts to the program that would potentially harm older Americans.