Eminent Future的动态

Police officers, teachers, and firefighters - did you hear the news? ?? ??♀? ???? ???? The Social Security Fairness Act has passed the House of Representatives and is now headed to the Senate. What’s at stake? This legislation aims to remove rules that currently reduce Social Security benefits for individuals who receive state or local government pensions. Key provisions that would be impacted include: ?? Windfall Elimination Provision (WEP) ?? Government Pension Offset (GPO) Opponents of the bill are concerned about funding this and the potential added strain on an already stressed Social Security budget. However, if passed, this legislation could positively impact nearly 3 million people. #socialsecurity #financialplanning #retirement #401ksrock https://lnkd.in/gDyxnCZh

Did you know that 80% of older Americans are struggling financially or at risk of falling into economic insecurity? Additionally, 39% of households will not have the retirement funds needed to maintain their standard of living in retirement. The Bureau of Labor Statistics predicts that the number of workers in the labor force over the age of 75 will double over the next decade. Project 2025 would worsen this situation by decimating the federal employee pension program and aligning it more closely with private-sector retirement plans. The potential elimination of federal defined-benefit pensions mirrors what led to today's retirement crisis. Furthermore, Project 2025 could impact state and local government pensions by imposing new federal regulations on autonomous, state-administered pension plans. The Project 2025 authors have also advocated for increasing the full Social Security retirement age from 67 to 69. On a positive note, U.S. Representatives Abigail Spanberger (D-VA-07) and Garret Graves (R-LA-06) have achieved 218 signatures on their discharge petition for the Social Security Fairness Act. This milestone forces a vote in the U.S. House on legislation to eliminate the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO), which currently reduce the earned Social Security benefits of individuals receiving public pensions. Stay informed about these crucial developments by visiting the link provided. #RetirementPlanning #SocialSecurityReform #FinancialSecurity #EconomicInsecurity #PensionReform

Social Security Reforms Under Consideration: What You Need to Know As the U.S. grapples with the challenge of sustaining the Social Security program amidst rising costs and an aging population, various reforms are being proposed to ensure its long-term viability. Key ideas include: 1. **Raising the Retirement Age**: To align with increased life expectancy, some policymakers suggest gradually increasing the retirement age for future beneficiaries. 2. **Increasing Payroll Taxes**: Another option on the table is raising the payroll tax cap, which could allow higher earners to contribute more. 3. **Adjusting Benefits**: Some proposals aim to change the formula for calculating benefits, potentially adjusting for inflation in a way that better reflects seniors' spending patterns. 4. **Diversifying Investment Options**: There's also discussion around allowing Social Security funds to be invested in the stock market, which could increase returns. 5. **Enhanced Survivor Benefits**: Proposals include improving benefits for surviving spouses and dependent children to provide additional support for families. The conversation about Social Security reforms is crucial, as it affects millions of Americans. Engaging in this dialogue can help shape a sustainable future for the program. Stay informed, let your voice be heard and let’s connect to answer your questions.

Newsweek discusses the GPO and WEP benefit that is currently in the halls of Congress. Some dont believe it to be fair: ???? The GPO and WEP are designed to prevent beneficiaries from receiving more than their entitled share of benefits. To clarify, they don't reduce benefits for those fully entitled to both Social Security and pension benefits. If someone hasn't paid into Social Security, they shouldn't expect full Social Security and pension benefits simultaneously," Thompson said. #SocialSecurity #WEP #GPO #RetirementPlanning #FinancialLiteracy #Newsweek

Big news for public servants: The Social Security Fairness Act has passed the House of Representatives. This bipartisan bill seeks to repeal outdated rules that lower benefits for retirees with government pensions. Learn more about the potential impact:?https://cnb.cx/4fsznhE?#SocialSecuritybenefits

Big news for public servants: The Social Security Fairness Act has passed the House of Representatives. This bipartisan bill seeks to repeal outdated rules that lower benefits for retirees with government pensions. Learn more about the potential impact:?https://cnb.cx/4fsznhE?#SocialSecuritybenefits

Big news for public servants: The Social Security Fairness Act has passed the House of Representatives. This bipartisan bill seeks to repeal outdated rules that lower benefits for retirees with government pensions. Learn more about the potential impact:?https://cnb.cx/4fsznhE?#SocialSecuritybenefits

Big news for public servants: The Social Security Fairness Act has passed the House of Representatives. This bipartisan bill seeks to repeal outdated rules that lower benefits for retirees with government pensions. Learn more about the potential impact:?https://cnb.cx/4fsznhE?#SocialSecuritybenefits

Big news for public servants: The Social Security Fairness Act has passed the House of Representatives. This bipartisan bill seeks to repeal outdated rules that lower benefits for retirees with government pensions. Learn more about the potential impact:?https://cnb.cx/4fsznhE?#SocialSecuritybenefits

Big news for public servants: The Social Security Fairness Act has passed the House of Representatives. This bipartisan bill seeks to repeal outdated rules that lower benefits for retirees with government pensions. Learn more about the potential impact:?https://cnb.cx/4fsznhE?#SocialSecuritybenefits