Social Security Archives - Pension Policy International

10AprApril 10, 2025

US. Social Security rule-reversals, office closures, cost cuts: here’s what’s happening now.

The Social Security Administration is about to get a new commissioner, but that’s only the latest of a series of changes at the agency since the inauguration of President Donald Trump. Frank Bisignano, the chief executive officer of fintech company Fiserv FI -3.34%, is on the path to confirmation as the next Social Security Administration commissioner. The Senate Finance Committee advanced the nomination after his hearing at the end of March, and he is now awaiting scheduling of the final...

April 10, 2025

News, SliderSocial Security, US

03AprApril 3, 2025

How U.S. Social Security Benefits Compare to Other Developed Nations (They’re Worse)

In the last several weeks, the Social Security Administration has become the latest target of DOGE’s sweeping cost-cutting efforts. The Trump administration announced that it would reduce the SSA by about 7,000 employees – 12% of its workforce – and close six of its 10 regional offices. While Trump has vowed not to “touch” social security payments, his administration has instituted several service changes to the program, including the discontinuation of paper checks in favor of direct deposit or...

April 3, 2025

News, SliderSocial Security, US

26MarMarch 26, 2025

Egypt Enhances Social Insurance And Pension Systems For 2025

The Ministry of Social Solidarity accelerates pension disbursements ahead of Eid and outlines new insurance requirements for employees. The Ministry of Social Solidarity in Egypt has issued critical updates for employees regarding their insurance and pension benefits as the country approaches the month of April 2025. Aimed at enhancing the social safety net, the updates emphasize the process and methods for enlisting new employees into social insurance and ensure timely pension disbursement for existing beneficiaries. Starting with the enrollment in social...

March 26, 2025

News, SliderEgypt, Regulation, Social Security

20MarMarch 20, 2025

US. Some retirees will see bump in Social Security benefit starting next month

Retirement just got a little boost for many public sector retirees and their spouses. By the end of this month, more than 3 million Social Security recipients affected by the Social Security Fairness Act that President Biden signed into law in January will see a bump in their benefits. This law increases monthly Social Security benefits for certain types of workers, including some teachers, firefighters, and police officers in many states, federal employees covered by the Civil Service Retirement System, and...

March 20, 2025

News, Slider2025, Public Pensions, Social Security, US

18MarMarch 18, 2025

Belgium: Significant and broad changes to employment law and social security proposed

Employer Action Code: Monitor The Federal Coalition Agreement of the new Belgian government contains a wide-ranging series of measures that, if implemented, would bring the most significant changes to the country’s labor laws in many years. The agreement covers a range of areas — from compensation and benefits to dismissal and unemployment — aiming overall to increase the flexibility and efficiency of the labor market while ensuring job security and social protection. Key details Planned changes in the area of compensation and...

March 18, 2025

News, SliderBelgium, Social Security

14FebFebruary 14, 2025

Social Security Programs and Retirement around the World: The Effects of Reforms on Retirement Behavior

By Axel Börsch-Supan & Courtney Coile Employment among older men and women has increased dramatically in recent years, reversing a downward trend in the closing decades of the twentieth century. Social Security Programs and Retirement around the World examines how changing retirement incentives have reshaped labor force participation trends among older workers. The chapters feature country-specific analyses for Belgium, Canada, Denmark, France, Germany, Italy, Japan, Netherlands, Spain, Sweden, the United Kingdom, and the United States. They find that while there is significant heterogeneity...

February 14, 2025

Books, Books, Pension design, Reports2025, Pension Reform, Regulation, Social Security

31JanJanuary 31, 2025

Household Saving in Japan: The Past, Present, and Future

By Charles Yuji Horioka This paper explores the determinants of the level of, and trends over time in, Japan’s household saving rate, with emphasis on the impact of the age structure of the population, and makes projections about future trends therein. The paper finds that Japan’s household saving rate has not always been high either absolutely or relative to other countries and that it was only during the 1961-86 period that it exceeded 15%. Past and future trends in Japan’s...

January 31, 2025

Articles, Savings2024, Aging, Japan, Saving, Social Security

07JanJanuary 7, 2025

Puerto Rico. Teachers celebrate signing of Social Security Equity Act

Puerto Rico Teachers Association (AMPR) President Víctor Manuel Bonilla Sánchez is celebrating the historic signing of the Social Security Equity Act (HR 82) by President Joe Biden, which will benefit thousands of retired and active Puerto Rican teachers who will see their Social Security benefits increased due to the elimination of the Windfall Elimination and Government Pension Offset provisions. “Today, justice is done for millions of workers throughout the American nation, including teachers from 15 states and Puerto Rico, who...

January 7, 2025

News, SliderPuerto Rico, Social Security

09DecDecember 9, 2024

How Far $750K Plus Social Security Goes in Retirement in Every US Region

A recent study by GOBankingRates broke down just how far $750,000 in combined savings and Social Security would last for someone’s retirement in each state of the union, considering such factors as housing markets, healthcare costs and varied cost of living expenses across America. Such a list, though, can be a bit overwhelming at first, especially for someone just in the beginning stages of planning their retirement, and where to experience it. With that in mind, GOBankingRates has condensed that deep-dive...

December 9, 2024

News, SliderAdequacy, Social Security, US

06DecDecember 6, 2024

Retirement Incentives and Decisions across the Income Distribution: Evidence in Canada

By Kevin S. Milligan & Tammy Schirle We evaluate the retirement incentives embedded in Canada’s retirement income system with attention to where individuals are located in the income distribution. We find that larger social security benefits are available to individuals with lower earnings in their work history because of the benefit income tests, but those from the top of the income distribution tend to enjoy longer lives over which they may receive benefits. Overall, we see greater Social Security Wealth...

December 6, 2024

Articles, Pension design2024, Canada, Income, Social Security

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