Reported about 15 hours ago
A new bill awaiting President Biden's approval could result in increased Social Security payments for over 2 million Americans, including retirees who currently face reduced benefits due to receiving foreign pensions or having worked in government roles. Critics warn that this measure, while beneficial to many, could accelerate the fund's insolvency. The bill, which passed with bipartisan support, seeks to eliminate old formulas that have been viewed as unfair to certain retirees and could raise monthly benefits by up to $550 retroactively to December 2023.
Source: YAHOO