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The Latest Breaking News from Social Security

Failing to Reform Social Security Means Mandatory Cuts

Social Security will become insolvent in the early 2030s if Congress does nothing.

Reason

Trump’s Hill backers often voted like DeSantis on entitlements - Roll Call

Trump’s has targeted DeSantis’ congressional votes that endorsed changes in seniors' benefits. Some Trump backers voted the same way, however.

Roll Call

Social security schemes safeguard underprivileged from financial vulnerability: FM

Finance Minister Nirmala Sitharaman on May 9 said three social security schemes, including PMJJBY and PMSBY, aim to provide essential financial services to citizens.

The Hindu

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Yellen warns of 'calamity' unless Congress raises the debt limit. What's the holdup?

The treasury secretary warns that the U.S. could default on its debt by June 1, with disastrous economic consequences. GOP Rep. Dusty Johnson explains why Republicans insist on adding conditions.

WEKU

Firefighters’ pension bill could cost Chicago taxpayers $3 billion, city official says

The bill increasing pension benefits for Chicago firefighters hired after Jan. 1, 2011, is co-sponsored by state Sen. Cristina Pacione-Zayas, whom Mayor-elect Brandon Johnson has picked to serve as his deputy chief of staff

Chicago Sun-Times

How the Debt Ceiling Impacts Your Finances

If Congress doesn’t raise the debt ceiling soon, the U.S. could default, sending borrowing costs higher and possibly delaying Social Security payments.

Kiplinger

Here’s a Way to Save Social Security and Defer RMDs

People who don’t need Social Security benefits could opt out of receiving them in exchange for not being forced to take required minimum distributions.

Kiplinger

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ParentsNext has finally been axed but it remains to be seen if other punitive programs will be abolished

Its abolition was long overdue and the Albanese government is to be commended for heeding the calls of experts and advocates

The Guardian - AU

Gig workers for additional levy on aggregators, apps to fund welfare schemes

Telangana Gig and Platform Workers Union suggested that a levy be added per transaction in the State to provide social security for Gig workers

The Hindu

Additional contribution of 1.16% for higher pension to be drawn from employers' payout

Additional contribution of 1.16% of basic wages for subscribers opting for higher pension will be managed from employers’ contributions to social security schemes run by retirement fund body Employees’ Provident Fund Organisation (EPFO.)

The Hindu

People with any of these five health conditions may be due up to £691 each month

Over 540 conditions are supported through Adult Disability Payment and PIP.

Daily Record

Welfare advocates welcome Centrelink rule change to help domestic violence victims

Officers will have to consider whether domestic violence is a factor when determining if welfare recipient is part of a couple

The Guardian - AU

Aura identity theft protection review

Aura combines extensive monitoring and malware protection to keep your identity and personal information safe from cybercriminals.

Tom’s Guide

T-Mobile reveals another major data breach

Customer names and Social Security Numbers were among the sensitive data stolen from T-Mobile users.

TechRadar

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Fortune

How to pay off debt and save for retirement at the same time

Looming debt balances might tempt you to put saving for retirement on the backburner, but doing so could hurt you in the future. Here’s how to make progress toward both of these goals.

The Hindu

Explained | Blinkit protests and the legal remedies available to gig workers

As Blinkit workers protest changes to their pay structure, we take a look at the legal protections available to gig workers

Salon

House GOP passes debt "sabotage" bill

"This is completely unworkable," Rep. Pramila Jayapal says

Daily Mirror

Experts predict most popular baby names for 2023 - with big changes to the top 10

Baby name experts have shared their predictions for the most popular names in the US for 2023 - with Jack and Elizabeth being knocked off the top 10 to make room for new contenders

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Marie Claire

Prince Harry Claims 'The Sun' Paid to Obtain Meghan Markle's Social Security Number While They Were Dating

The newspaper responded in a statement.

Daily Record

People over State Pension age could see mobility element included in new Attendance Allowance-style benefit

Pension Age Disability Payment will provide financial support for more than 125,000 pensioners living in Scotland.

The Hindu

Promising Bill: On the Rajasthan Platform-based Gig Workers (Registration and Welfare) Bill, 2023

Rajasthan’s pioneering draft Bill, the Rajasthan Platform-based Gig Workers (Registration and Welfare) Bill, could show the way to ensure the welfare of gig workers

Daily Record

Young people on Scottish disability benefit will not move automatically to new adult payment when they turn 18

More than 54,700 children and young people across Scotland are currently on Child Disability Payment.

Fortune

A lifetime of caring for others is leaving mothers broke in retirement

Half of mothers have no retirement savings.

Daily Record

Young people on disability benefits to receive £235 payment to help with energy bills later this year

More than 26,000 Child Winter Heating Assistance payments worth £5.7 million were made during winter 2022/2023.

Daily Record

Social Security Scotland confirms changes to some scheduled payments due next week

The bank holiday on Monday, May 1 will see scheduled payments arrive before the weekend.

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