Policy Watchretirement age than at age 6Delay even more and it will be boosted by the.Every day, thousands of our neighbors and friends protect our cities, educate our students, and deliver vital services to our communities. While these selfless public servants have spent their lives giving back, our antiquated federal policies take away the benefits that these workers have rightly earned..While some view Social Security's retirement program as relatively easy to reform, Social Security's disability program is a very complex operation which has been notoriously difficult to change. Past efforts to reform the disability program have led to vast administrative difficulties as well as public outcries. On the other hand, the retirement program's reform efforts have faced fewer administrative difficulties. Part of the problem is determining what constitutes a disability. For that reason, and others, reform of the retirement program is discussed on Capitol Hill more often, while reform of the disability program seems to fly under the radar. … Continued
Rise In Use Of Ballot Drop Boxes Sparks Partisan Battles Magazine2020Social Security Notch Reform Working towards benefit equality for older Americans..But, unlike other parts of the tax code which are adjusted for inflation, such as income brackets, the income thresholds that subject a portion of Social Security benefits to taxation have never been adjusted. "Today, the Social Security benefits of even modest-income retirees - those who have modified gross incomes of more than ,000 or ,000 - are affected by the tax," Johnson says. Had the income thresholds been adjusted for inflation the ,000 threshold would be about ,137 today and the ,000 would be about ,815, using the Bureau of Labor Statistics' inflation calculator..A divorce can throw a monkey wrench into retirement plans, especially for women whose earning records may have fewer work years and at lower earnings than their former spouses. Understanding your options can help you maximize your Social Security benefit and live a more secure retirement. Here are the four main eligibility rules to qualify for a benefit based on the work record of an ex-spouse: … Continued
