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 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.
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.
Restoring long-range trust fund solvency and other policy objectives have made Social Security reform an issue of ongoing congressional interest and debate. This report is designed to provide an overview of Social Security financing and benefits under current law.
Sep 28, 2022 · The trustees project that the combined Social Security trust funds will become depleted in 2035 (under different assumptions and projection methods, the Congressional Budget Office projected in 2021 that the combined trust funds will become insolvent in 2032).
Legislative History - The United States Social Security Administration
The Congressional Research Service works for the Congress, conducting research, analyzing legislation, and providing information at the request of committees, members, and their staffs. CRS has produced three major summaries of the legislative history of the Social Security Act.
Biden signs bill that raises Social Security payments for ... - PBS
Jan 5, 2025 · The Congressional Research Service estimated that in December 2023, there were 745,679 people, about 1% of all Social Security beneficiaries, who had their benefits reduced by the Government ...
Jul 6, 2022 · Under legislation enacted in 1983, the FRA increases gradually from 65 to 67 over a 22-year period (for those reaching age 62 between 2000 and 2022). The FRA is 67 for workers born in 1960 or later (i.e., for workers who become eligible for …