Many soon-to-be retirees are also terrified about inflation. Social Security has a built-in adjustment, but it doesn’t keep up with real inflation.
social security
Posted inBusiness, Nation & World
Virus could deplete Social Security funds by 2030, report says
Prior to the pandemic, the Social Security Administration had estimated the the Social Security trust fund would be depleted by 2035.
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Posted inElections, Maine, Politics
Republican congressional hopefuls seek changes in Social Security
The three contenders for Maine’s 2nd District say they worry about the future of the retirement program unless revisions are made.
Posted inBusiness, Nation & World, News
Feds: Scam artists spread virus lies, prey on Medicare recipients
Federal law enforcement is warning that scam artists are preying on older people’s fears by peddling fake tests for the coronavirus to Medicare recipients.
Posted inMaine, News
Advocates seek reforms to state retirement system for disabled workers
Many agree the hurdles are too high in Maine; data show applications plummeted since 2015.
Posted inMaine, Nation & World, News, Politics, Times Record
Social Security administrators say their agency is getting barraged with scam complaints
A Senate hearing led by U.S. Sen. Susan Collins on Wednesday delved into a growing problem of con artists impersonating government officials to cheat Americans out of their savings.
Posted inNation & World, Politics
Social Security spills into 2020 campaign as Democrats spar and Trump weighs in
The president appears to express a new openness to revamping entitlement programs, while Sanders criticizes Biden over his record.
Posted inCops & Courts, Maine
Maine woman jailed, ordered to pay $100,000 for Social Security fraud
Federal prosecutors say a York County woman collected benefits that were intended for her daughters.
Posted inOp-eds, Opinion
Commentary: Social Security isn’t doomed for millennials, Gen Xers
Even the worst-case scenario shows that the program will still pay out benefits.
Posted inMaine Voices, Op-eds, Opinion
Maine Voices: Illogical federal law takes bite out of retired teachers’ Social Security checks
New state legislation that makes it easier for Maine retirees to return to the classroom is just the first step toward equity.