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Search resuls for: "Dan Adcock"


3 mentions found


☆ As Congress works to avoid a shutdown, here's what's next for a bill to increase Social Security benefits for public pensioners
  + stars: | 2024-12-20 | by ( Lorie Konish | ) www.cnbc.com   time to read: +6 min
But the bill, the Social Security Fairness Act, may undergo changes if some Senators' efforts to add amendments are successful. Per the original proposal, the Social Security Fairness Act calls for eliminating Social Security provisions known as the Windfall Elimination Provision, or WEP, and Government Pension Offset, or GPO, that have been in place for decades. The WEP reduces Social Security benefits for individuals who receive pension or disability benefits from employment where they did not pay Social Security payroll taxes. The Social Security Fairness Act was passed by the House with a 327 majority in November. Social Security advocacy groups have pushed for larger comprehensive Social Security reform that would use tax increases to pay for making benefits more generous.
Persons: Richard Stephen, Istock, scrambles, John Hatton, It's, Sen, Rand Paul, they've, —, Paul, Emerson Sprick, Ted Cruz, Joe Manchin, Sprick, Dan Adcock, We're, Adcock, Chuck Schumer, Schumer Organizations: Getty, Social, Social Security, National Active, Federal Employees Association, Congressional, Office, Finance, Center, Texas Republican, Public, National Committee, Preserve Social Security Locations: Kentucky, Sens, Texas, West Virginia, New York
☆ As debt ceiling deadline looms, here's what it could mean for Social Security and Medicare
  + stars: | 2023-01-19 | by ( Lorie Konish | ) www.cnbc.com   time to read: +3 min
That has advocates for Social Security and Medicare worried that lawmakers will try to amend those programs. Unlike a government shutdown, where Social Security and Medicare benefits continue to flow, that may not be the case with a default, according to Adcock. However, the Social Security Administration may delay payments to ensure it has enough cash on hand, he said. "Social Security I'm sure will get paid, interest on the debt will get paid," he said. Why some worry about Social Security benefit cuts
☆ As Election Day approaches, Democrats warn that Social Security and Medicare are at stake
  + stars: | 2022-11-02 | by ( Lorie Konish | ) www.cnbc.com   time to read: +6 min
He also pointed to impending risks to Social Security based on plans floated by certain Republican lawmakers, namely Sens. What's more, it would mean letting two of the most important laws that established Social Security and Medicare expire, he said. It is unclear what his opponent Kean's stance is on Social Security and Medicare. While that's in keeping with years past, the difference this year is Social Security has been more of a front-burner issue. "Usually, it's a lot of lip service to Social Security and how they think it's a great program."
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