Allan W Ben PC

06/03/2026

The trust funds that Social Security relies on to help pay benefits are running low.

Based on Social Security Administration estimates from August, the trust fund dedicated to retirement benefits is projected to run out in 2032, when those benefits would need to be reduced by 24%. The annual Social Security trustees report, which gauges these timelines, is expected to be released this month.

In a new report, the Committee for a Responsible Federal Budget finds that an immediate 24% benefit cut once that trust fund runs out would result in an average monthly reduction of $500 for retirees.

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05/30/2026

The Senior Citizens League has revised its 2027 Social Security cost-of-living adjustment forecast upward from 2.8% to 3.9%, citing a surge in inflation driven by energy price spikes linked to the Iran conflict. Oil prices have risen 50% since late February, lifting the CPI-W to 3.9% in April, the highest in three years. This projected increase would add about $81 per month to the average retired worker's benefit, though the final figure will be set in October using third-quarter inflation data.

05/28/2026

Bill seeks to end Social Security earnings penalty for early retirees

What’s changing?: The bill would end benefit reductions for early retirees who earn above annual limits, allowing them to keep full Social Security payments while working.

Who gains most?: Early claimants still working—especially those modestly above current thresholds—would see immediate income boosts without temporary withholdings.

Why the debate?: Supporters cite fairness and labor participation; critics warn of trust fund pressures amid looming 2033 depletion projections.

05/28/2026

Policy change risk: A proposed SSI rule could remove SNAP benefits from income calculations, potentially cutting payments for up to 400,000 recipients.

05/28/2026

COLA outlook rises: Projections for the 2027 cost-of-living adjustment range from 3.9% to 4.2%, exceeding 2026’s 2.8% increase due to higher inflation.

05/26/2026

https://www.msn.com/en-us/money/retirement/a-new-social-security-bill-could-let-working-retirees-keep-more-of-their-checks/ar-AA23Of3z?ocid=msedgdhp&pc=HCTS&cvid=6a15f28f8bd94c1092d3e4b1b2ec1f27&cvpid=3cc34c8cf1a148b6e9baace7da568219&ei=10

Congress is considering a bill to eliminate the Social Security earnings test. Here is how the current penalty works and how the change would affect your check.

04/20/2026

02/24/2026

Beginning March 7, 2026, the Social Security Administration will implement a nationwide operational shift that changes how appointments are scheduled and how cases and claims are processed.

The overhaul centers on two new systems: the National Appointment Scheduling Calendar (NASC) and the National Workload Management (NWLM) system. Together, they move the SSA away from a primarily local-office-driven structure and toward a national workflow model. These changes aim to make booking appointments easier and shift workloads from busy offices to underutilized ones, thereby speeding up claims.

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