Tag #Retirement Benefits

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Russian Pension Indexation Fails to Keep Pace with Inflation

In 2023, Russian pensions increased by 7.5% to an average of 23,405 rubles, but near 10% inflation eroded purchasing power; proposed solutions include a minimum pension and quarterly indexation adjustments.

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abcnews.go.com
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Social Security Fairness Act Signed, Hastening Fund Insolvency

President Biden signed the Social Security Fairness Act, boosting payments for nearly 3 million public employees by repealing provisions that reduced benefits for those receiving other pensions, though this will hasten Social Security's insolvency.

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Reduced Inequality
foxnews.com
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Congress Passes Social Security Fairness Act, Adding \$196 Billion to Deficit

Congress passed the Social Security Fairness Act, repealing the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) to increase benefits for 3 million retired public sector workers, adding \$196 billion to the federal deficit over 10 years.

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40% Bias Score

Reduced Inequality
cbsnews.com
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Senate Approves Social Security Fairness Act, Increasing Benefits for Millions

The Senate voted 73-27 to advance the Social Security Fairness Act, which would repeal policies reducing benefits for nearly 3 million retirees with public pensions, costing an estimated $195 billion over ten years and addressing decades-old inequities.

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cnbc.com
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Senate to Vote on Social Security Fairness Act, Repealing WEP and GPO

The Senate is poised to vote on the Social Security Fairness Act, which would repeal the Windfall Elimination Provision (WEP) and Government Pension Offset (GPO), impacting 2.01 million and 735,000 beneficiaries respectively, potentially costing $196 billion over 10 years and accelerating trust fund...

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cbsnews.com
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Social Security Fairness Act Faces Uncertain Future Despite Bipartisan Support

The House-passed Social Security Fairness Act, with bipartisan support, seeks to expand benefits for 2.8 million retirees by eliminating provisions reducing payments for those with non-covered pensions; however, its future is uncertain due to Senate inaction.

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40% Bias Score

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lemonde.fr
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French Basic Pensions Rise 2.2% in January 2025

French basic pensions rose by 2.2% in January 2025 due to inflation, impacting most retirees but with variations; supplementary pensions also saw increases.

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40% Bias Score

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cnbc.com
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Social Security, Medicare Changes for 2025

In 2025, Social Security recipients will see a 2.5% cost of living increase, while some public pensioners will receive additional benefits due to the Social Security Fairness Act eliminating the Windfall Elimination Provision and Government Pension Offset. Medicare Part D will have a $2,000 annual o...

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abcnews.go.com
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Senate Poised to Pass Social Security Fairness Act, Adding \$195 Billion to Deficit

The Senate is set to pass the Social Security Fairness Act, eliminating benefit reductions for almost 3 million public employees, adding \$195 billion to the federal deficit over 10 years and accelerating the program's insolvency by six months, according to the Congressional Budget Office.

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cnbc.com
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Senate to Vote on Social Security Bill Costing $196 Billion

The Senate is set to vote on the Social Security Fairness Act, which would increase benefits for about 3 million people by repealing the Windfall Elimination Provision and Government Pension Offset, costing $196 billion over 10 years and accelerating the trust fund's insolvency by six months, accord...

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english.elpais.com
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2.5% Social Security COLA Increase for 2025

The Social Security Administration announced a 2.5% cost-of-living adjustment (COLA) for 2025, increasing benefits for millions starting in January 2025, impacting retirees, disabled individuals, and surviving spouses; tax rates remain unchanged.

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