Social Security Shake-Up: How February’s COLA Adjustment Affects Retirees

Social Security Shake-Up How February’s COLA Adjustment Affects Retirees

The most overt way Social Security beneficiaries preserve their purchasing power against inflation is the annual COLA. However, at only 2.5% for 2025, this is the smallest COLA in several years and might not be enough to offset rising prices. This could prove as a challenge for millions of retirees whose social security benefit stands … Read more

Millions of Retirees to Get Higher Social Security Benefits Under New Law

Millions of Retirees to Get Higher Social Security Benefits Under New Law

This bill, signed into law by President Joe Biden on January 5, 2025, marked a significant shift in the landscape for Social Security benefits, particularly for public sector retirees. This act essentially does away with two long time provisions: WEP and GPO, long-time provisions which have hitherto reduced the benefits for those who receive pensions … Read more