The average payout could drop to $1,580 per month after 2034 -- a 19% drop from the current average retirement payout.

As the U.S. economy faces uncertainty and a slowing job market, the Social Security Administration (SSA) is implementing ...

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 ...

One offset is called the “windfall elimination provision,” or WEP. This is the one that impacts your own Social Security benefit. The other is called the “government pension offset,” or ...

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

"Current-law projections indicate that Medicare still faces a substantial financial shortfall that needs to be addressed with ...

Retirement and disability funds face depletion in the next decade, with Congress urged to act to correct the looming shortfall.

Social Security and Medicare’s primary trust funds are projected to become insolvent by 2033 unless Congress acts promptly.

The Social Security Fairness Act ended these provisions, opening the door for millions to receive retroactive payments dating back to January 2024. December 2023 was the last month the WEP and GPO ...