Tag: primary insurance amount
Fortunately, legislators are already proposing fixes. I understand that not everyone savors, with as much enthusiasm as I do, testimony by Steve Goss, Social Security’s Chief Actuary. But I always find it very helpful. His most recent appearance before the House Ways and Means Subcommittee on Social Security touched on a number of ways that…
Eliminating the actuarial reduction for a portion of benefits provides a basic income. The rise in Social Security’s Full Retirement Age from 65 to 67 has raised concerns about the adequacy of benefits of low-wage workers, who generally claim at 62 or 63. The rise in the Full Retirement Age will cut benefits claimed at…