Social Security's 2025 COLA Took Effect in January, but It Comes With an Unpleasant Surprise for Retirees
Social Security's 2025 cost-of-living adjustment (COLA) took effect in January. Benefits will increase 2.5% this year, the smallest pay bump for seniors since 2021. Indeed, more than half of retired workers surveyed by The Motley Fool in October said the COLA was insufficient.
Here are big changes retirees can expect from Social Security and Medicare in 2025
While all Social Security beneficiaries will get a boost to benefits in 2025, certain pensioners are also expected to see a notable change to benefit rules.
Biden signs Social Security Fairness Act to boost payments for some retirees: What to know
Teachers, firefighters, police and others who earn a separate pension for government work will now get their full Social Security benefits.
The 2025 Social Security COLA Was Announced in October. Here's What That Means for Retirees.
Technically speaking, this is the 2024 COLA, as it goes into effect in December 2024. However, because Social Security is paid a month in arrears, this increase will be reflected in the payment that beneficiaries receive in January. For this reason, it is often referred to as the 2025 COLA.
The Social Security Fairness Act Means More Money for Some. Here's Who Qualifies
The repeal of two provisions will boost Social Security payments for certain beneficiaries. Here's what we know so far.
More than 100,000 Ohio retirees, public workers to get more money from Social Security
Change will impact retirees and public workers, including teachers, firefighters and police officers who also worked in private sector
Will the Social Security Fairness Act Bankrupt SSA Trust Funds?
President Joe Biden stated the measure will raise Social Security benefits by an average of $360 monthly for 2.8 million recipients.
Millions will get higher Social Security benefits after Biden signs ‘fairness’ bill
"Americans who have worked hard all their lives to earn an honest living should be able to retire with economic security and dignity," Biden said.
Social Security Fairness Act brings retirement changes for nearly 3 million public pensioners
President Joe Biden on Sunday signed the Social Security Fairness Act into law, clearing the way for nearly 3 million public workers including teachers, firefighters and police to see an increase to their Social Security benefits.
The Social Security COLA is lower than it’s been in four years. Here’s what that means for your spending.
The Social Security cost-of-living adjustment, or COLA, for 2025 is a 2.5% increase. That means the monthly benefits checks ...
CNET on MSN7h
Social Security Disability Insurance January 2025: Your First Increased Check Is Coming Soon
SSDI recipients will soon see an increase to their benefits checks when the 2025 COLA goes into effect this January.
Social Security Update: Payments of Up to $5,108 to Go Out This Week
The maximum amount available to retirees who stop working at the Full Retirement Age - currently 67 years old - is $4,018. If you take your benefits at the earliest possible age of 62, your maximum ...
Financial Planning3d
Vast majority of seniors say Social Security COLA is inadequate
The vast majority of seniors surveyed about Social Security's COLA say the number should be as much as five times higher than ...
CNBC5d
Social Security COLA 2025: Here's when retirees will start getting bigger checks
Social Security benefits have gone up 2.5% in 2025, thanks to the annual cost-of-living adjustment (COLA). It's a smaller increase than the 3.2% bump that recipients saw in 2024, reflecting ...
What to know about Social Security's December and January 2025 payments
Social Security beneficiaries have some changes coming in December and January, due to quirks of the calendar and a payment hike.