Tag: primary insurance amount
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 COVID-19 might affect the program and…
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 any age by about 13 percent, which could push a significant number of…