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Both programs are expected to need to cut monthly benefits in less than a decade as their trust funds run dry.
Government pensions are valuable retirement benefits, but they have long come with a downside. A non-covered pension had the potential to reduce someone's Social Security benefits by hundreds ...
A few weeks ago, I wrote a column about something called the “government pension offset.” It is a law that essentially says this: If you get a pension from a job that was not covered by Social ...
"Current-law projections indicate that Medicare still faces a substantial financial shortfall that needs to be addressed with further legislation. Such legislation should be enacted sooner rather than ...
Medicare's hospital insurance trust fund is now projected to run out by 2033, three years earlier than last year’s estimate.
Social Security is a cornerstone of retirement planning for millions of Americans, providing a vital safety net for seniors, ...
While 91 percent of the those affected are now receiving full benefits, there are still some "complex cases" that are taking ...
President Joe Biden signed the Social Security Fairness Act on January 5, eliminating the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) and so opening up higher benefit ...