New bill would lower Social Security retirement age for some workers
Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
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Workers in physically demanding jobs should be able to collect full Social Security retirement benefits at age 60, a Michigan lawmaker says.
The agency told a woman that she has 30 days to pay it back. Otherwise, it would cut her benefits by 50% while it collects what it overpaid.
Beneficiaries would continue receiving payments if Social Security's trust fund is depleted, but checks could shrink by about 24%, according to a new report.
A larger COLA would boost monthly checks for retirees, but also strain Social Security's already depleted trust funds.
Americans "have to change their thinking" about the government benefits program to get the most out of it, one expert says.
The Social Security Administration wouldn't stop issuing benefits once its trust funds are exhausted, but it could be forced to cut benefits.
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
The Social Security Administration is transitioning to electronic payments next week after 85 years of issuing paper checks to U.S. retirees.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
As Social Security celebrates its 90th anniversary, concerns are growing over its funding and recent staffing cuts.
One advocacy group estimates that Social Security recipients will get a 2.7% cost-of-living increase in 2026.
The Social Security Administration had planned to eliminate all paper checks by Sept. 30. Now the agency says it will continue issuing checks as needed.
About 23% of people over 50 want to delay their retirements over financial readiness and economic worries, a survey found.
President Trump pushed to eliminate taxes on Social Security. Does his "one big, beautiful bill" deliver?
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.
In recent weeks, Social Security has been plagued by problems related to technology, system errors, and even the marking of living people as dead.
Jim interviews Congresswoman Debbie Wasserman Schultz about social security concerns that exist due to moves the Trump administration and Elon Musk are making that could threaten benefits.
South Floridians face long waits for Social Security help as staffing cuts strain local offices and services.
South Floridians face long waits for Social Security help as staffing cuts strain local offices and services. CBS News Miami's Steve Maugeri has the story.
Allianz survey finds that nearly two-thirds of Americans are more worried about running out of money in retirement than they are about dying.
The move by the Social Security Administration essentially cancels an immigrant's Social Security number and classifies them as dead.
The average wait time for Social Security calls has doubled in the last six months to 104 minutes.
The policy could lead to hardship for some elderly Americans, Social Security advocates say. Here's what to know.
