Social Security bill would give seniors an extra $2,400 a year
Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.
Watch CBS News
Some lawmakers want to revise the retirement program to shore up its funding and boost benefits for its 69 million recipients.
A cost-of-living adjustment of 8% would be the highest for Social Security beneficiaries since 1981.
Seniors are struggling after a cost-of-living adjustment last year failed to keep up with surging inflation.
The agency is "committed to reducing barriers and ensuring the fair treatment of the LGBTQ+ community," an official said.
It's the biggest increase in almost 40 years, and it comes as inflation is eating away at seniors' buying power.
A Senate report has finds federal agencies are not meetings government cybersecurity standards. CBS News homeland security and justice reporter Nicole Sganga joins CBSN AM to discuss the report.
Annual benefit hike could top 6% due to fast-rising inflation. But retirees would have to wait until 2022 to see it.
But Saul, who was appointed by former President Trump, is refusing to resign, according to the Washington Post.
Thousands of errors to the Social Security Administration's Death Master File can result in fraudulent payments -- costing taxpayers billions -- and identity headaches. Scott Pelley reports on Sunday, July 5 at 7 p.m. ET/PT.
After asking about the delay, lawmakers say the Social Security Administration sent payment data to the IRS on Thursday.
Next year's cost of living adjustment is 1.3%, but some say the adjustment doesn't reflect real costs for seniors.
Projected 1.3% bump would come after Social Security benefits have lost almost one-third of their buying power.
Appeals backlog means people can wait years for their cases to be heard. By then, it's often too late.
One Social Security recipient who has been waiting for weeks said he's disheartened: "It's not a good system."
Americans who get supplemental income set to get the money by direct deposit, while checks go out on Friday.
Residents of U.S. territories who collect Social Security are among some of the last groups to receive their checks.
The issue could impact more than 1 million U.S. citizens who file joint tax returns with their immigrant spouses.
A Senate hearing put the spotlight on Social Security scams.
The Department of Justice is trying to crack down on U.S. telecom carriers allegedly facilitating hundreds of millions of scam robocalls.
In the first half of this year, people filed nearly 73,000 reports of Social Security impostors, reporting losses of $17 million.
The 1.6% cost-of-living increase will take effect in January, lifting the average monthly payment to $1,503
Only 4% of retirees claim the benefit at the optimal time. Everyone else is losing out on $111,000 per household
Identity theft has never been this cheap — you can buy anything from old tax returns to bank accounts on the dark web
The FTC said an old scam using Social Security numbers took in $17 million at its peak -- and this one's tab is already $19 million
The agency now uses social media to investigate fraud, but soon it may expand that to evaluate disability applicants