Both programs are expected to need to cut monthly benefits in less than a decade as their trust funds run dry.

Government pensions are valuable retirement benefits, but they have long come with a downside. A non-covered pension had the potential to reduce someone's Social Security benefits by hundreds ...

The go-broke dates for Medicare and Social Security’s trust funds have moved up as rising health care costs and new ...

"Current-law projections indicate that Medicare still faces a substantial financial shortfall that needs to be addressed with further legislation. Such legislation should be enacted sooner rather than ...

Before the Fairness Act, Social Security benefits were reduced for more than 2.8 million people. Now, SSA has processed about ...

This June 2025, millions of retirees in the United States will see a significant boost in their monthly Social Security ...

Flowers, who is also president of the City of Norfolk Retired Employees Association, said the president’s signature ended a long effort to eliminate provisions of federal law that reduced Social ...