New projections from the Penn Wharton Budget Model (PWBM) suggest Social Security's trust funds may have more time before depletion than previously estimated. The OASI fund could be depleted in February 2033, and combined funds in February 2035, slightly later than the Social Security trustees' projections.
Sen. Elizabeth Warren is pressing the Trump administration for clarity on its position regarding raising the Social Security retirement age, citing projections that the program's trust fund could be depleted by late 2032.
US consumer prices surged in May, driving the annual inflation rate to a three-year peak. This has led to revised forecasts for the 2027 Social Security cost-of-living adjustment (COLA), with one analyst predicting a 4.7% increase, potentially higher due to rising gasoline prices. Many seniors worry about inflation outpacing their income and find current Social Security payments insufficient.
Social Security Administration Commissioner Frank Bisignano announced record low phone wait times, with average speed of answer under five minutes in May, an 89% reduction from fiscal year 2024. The agency aims to improve customer service despite staff losses.
Raport Ubezpieczeń Społecznych USA ostrzega, że w 2032 roku fundusz emerytalny może wypłacać tylko 78% świadczeń, co oznacza cięcie o 22%. Przyczyną są problemy demograficzne i niedawne obniżki podatków. Proponowane rozwiązania mogą uderzyć w osoby niepełnosprawne.
The Social Security trust fund is projected to be depleted by 2032, leading to a potential 22% cut in benefits for over 60 million retirees unless Congress acts. A new report cites demographic shifts and tax cuts as key challenges.
Social Security Administration Commissioner Frank Bisignano will present evidence of improved customer service, including reduced phone wait times and website fixes, to Congress. Critics, however, argue these gains are temporary and mask underlying staffing issues.
Columbia University's data breach last year exposed 1.8 million Social Security numbers, including those of individuals with no affiliation to the school. The university struggled to explain how it obtained and retained this data for decades, raising concerns about data retention practices and potential class-action lawsuits.
Social Security's retirement trust fund is projected to be depleted by 2032, potentially leading to a 24% benefit cut for 63 million beneficiaries. A report highlights that monthly reductions could average $500 nationally, with some states facing even steeper cuts.
Spain's Social Security registered a record 289,000 foreign workers in the past year, with a 9.4% annual increase in May. This surge coincides with a government regularization program, though officials and experts caution it's too early to definitively link the two phenomena.
Spain's labor market saw significant improvement in May, with unemployment falling to its lowest May level since 2007 and Social Security membership reaching record highs. Job growth was broad-based across sectors, notably in hospitality and administrative services.
Japan's government council met to discuss a new investment framework for crisis response and growth sectors, with proposals for flexible, multi-year budget allocations. Social security reforms and setting targets for reducing the burden on working generations were also discussed.
The British premiership is facing unprecedented instability, with frequent PM changes hindering long-term strategy and economic progress. Unlike past periods of churn, current political fragmentation and societal divides make governing exceptionally difficult.
As the pace of inflation increases, that may lead to a higher Social Security cost-of-living adjustment for 2027, according to new expert estimates.
SEOUL, May 12 (Yonhap) -- Prime Minister Kim Min-seok said Tuesday the governmen...
This measure for claiming Social Security retirement benefits may encourage people to start benefits at 62. But experts say to proceed with caution.
Jan Suraksha programmes have paid out nearly Rs 25,160 crore in claims over a decade, with millions enrolled in life cover, accident insurance, and pension schemes. Finance Minister Nirmala Sitharaman highlighted the success of PMJJBY, PMSBY, and APY in providing affordable social security, especially for vulnerable sections.
Beijing has pledged to expand vocational training for young jobseekers this year, as it looks to help millions of unemployed graduates find work in emerging industries such as robotics and AI. But the policy drive – which includes plans to encourage university graduates to return to technical school – has drawn mixed reactions from a generation already hit hard by China’s youth unemployment crunch. The Ministry of Human Resources and Social Security vowed on Tuesday to upskill 1 million young...
An 89-year-old man was arrested in Patras, Greece, on Tuesday after allegedly carrying out two separate shootings in Athens that left at least four people injured. The suspect opened fire at a social security office in the Kerameikos area and later at a court building, reportedly over grievances related to pension payments. He was found in possession of a weapon at a hotel near the bus station.
An 89-year-old man was apprehended in Patras after allegedly injuring at least four people in two separate shootings in Athens. Authorities believe pension grievances and psychological issues fueled the attacks, which targeted a social security office and a court building. The suspect, found with a weapon, is under investigation.
The elderly man opened fire at a social security agency and then a courthouse in Athens before fleeing the scene, police say.
The elderly man opened fire at a social security agency and then a courthouse in Athens before fleeing the scene, police say.
