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The Health of Social Security: Some Good News and Some Bad News

Jul 5, 2022 3:15:00 PM
written by The Retirement Group

With approximately 94% of American workers covered by Social Security and 65 million people currently receiving benefits, keeping Social Security healthy is a major concern. Social Security isn't in danger of going broke — it's financed primarily through payroll taxes — but its financial health is declining, and benefits may eventually be reduced unless Congress acts. As a Fortune 500 employee potentially qualified to receive these benefits, it is imperative to keep track of policy changes and reductions.


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posted in Financial Planning, Social Security, Health

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Information regarding the lump-sum payout may or may not apply to specific employees based on factors such as mergers, acquisitions, years of service, age, or the date an employee was hired.

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