May 2025
16May

US. Social Security Retirement Age Changes: When Can You Claim?

The full retirement age for Social Security is shifting again in 2025, marking a continued transition that affects millions of Americans approaching retirement. For those born in 1960, the age to receive full benefits has officially risen to 67. Why It Matters The increase in the full retirement age (FRA) reflects a phased change that began with the 1983 amendments to the Social Security Act, intended to account for longer life expectancy and financial solvency concerns within the program. The FRA is...

May 16, 2025
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06May

US. House Committee advances proposal to cut back on federal employee pensions

In April, Representative James Comer (R-KY) announced a series of proposals that would force many federal civilian employees to pay higher premiums for retirement benefits and to lower their benefits by changing the formula for calculating payments, and last week the House Committee on Oversight and Accountability approved, by a narrow vote, to advance the proposals. Last Wednesday’s vote now advances the bill to the House Budget Committee, where it may face resistance from Republican lawmakers who might be reluctant...

May 6, 2025
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April 2025
11Apr

The Social Security Retirement Age

By Congressional Research Service The Social Security full retirement age (FRA) is the age at which workers can first claim full (i.e., unreduced) Social Security retired-worker benefits.1 Among other factors, the age at which an individual begins receiving Social Security benefits has an impact on the size of the monthly benefits. Claiming benefits before the FRA can substantially reduce monthly benefits, whereas claiming benefits after the FRA can lead to a substantial increase in monthly benefits. Benefit adjustments are made...

April 11, 2025
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10Apr

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
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03Apr

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
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March 2025
26Mar

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
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20Mar

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
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18Mar

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
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February 2025
14Feb

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
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January 2025
31Jan

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
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