May 13, 2024 · Restoring long-range trust fund solvency and other policy objectives (such as increasing benefits for certain beneficiaries) have made Social Security reform an issue of ongoing congressional interest. This report provides an overview of Social Security financing and benefits under current law.
Feb 9, 2023 · Social Security is a work-based federal insurance program that provides monthly cash benefits to workers and their eligible family members in the event of a worker’s retirement, disability, or death. The Social Security full retirement age (FRA) is the age at which workers can first claim full (i.e., unreduced) Social Security retired-worker
May 10, 2024 · Social Security provides monthly cash benefits to retired or disabled workers and their family members, as well as to the family members of deceased workers. It is one of the federal government’s largest programs, both in terms of the number of people affected (workers and beneficiaries) and its finances.
Social Security changes mean higher benefits for certain public …
3 days ago · The Social Security Fairness Act is expected to enhance benefits for many starting in 2024. Our Bill Cass explains the significance of the new law. ... according to the Congressional Research Service. 1. The WEP was introduced with legislation in 1983 to address emerging solvency issues associated with Social Security. Both the WEP and GPO ...
Social Security Reform: Current Issues and Legislation Congressional Research Service 1 Background Social Security reform is an issue of ongoing interest to policymakers. In 2011, Social Security program changes were discussed during negotiations on legislation to increase the federal debt limit and reduce federal budget deficits.
Why US Congress restored Social Security benefits for public …
Dec 26, 2024 · Consequently, the WEP and GPO impacted only about 2.5 million Social Security beneficiaries as of late 2023, according to the Congressional Research Service.
Jun 12, 2020 · Congressional Research Service Summary Social Security provides monthly cash benefits to retired or disabled workers and their family members and to the family members of deceased workers. Those benefits were initially exempt from federal income tax, but in 1983, Congress approved recommendations from the National
CRS Reports
These documents were prepared by the Congressional Research Service (CRS). CRS serves as nonpartisan shared staff to congressional committees and Members of Congress. It operates solely at the behest of and under the direction of Congress.
Report Compares Retirement Programs for Federal Employees
Aug 22, 2023 · Following are key sections from a Congressional Research Service report comparing the retirement programs of federal employees and members of Congress. Prior to 1984, neither federal civil...
Dec 5, 2016 · Restoring long-range trust fund solvency and other policy objectives (such as increasing benefits for certain beneficiaries) have made Social Security reform an issue of ongoing congressional interest. This report provides an overview of Social Security financing and benefits under current law.