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The Latest Breaking News from Social Security

Japan unveils record budget in boost to military spending

Japan unveiled on Friday a record 114.4 trillion yen ($863 billion) budget for the next fiscal year from April, pushed up by increased military spending and higher social security costs of catering to a fast-ageing population, piling on more debt.

Reuters

UK Government urged to boost social security Christmas bonus payment

THE UK Government is being urged to increase its £10 Christmas bonus in line with the rate of inflation to bolster support for households over…

The National (Scotland)

Japan to unveil record $864 billion budget driven by military costs

Japan is set to unveil on Friday a record $864 billion budget for the next fiscal year from April, pushed up by increased military spending and higher social security costs for a fast-ageing population, according to a final draft reviewed by Reuters.

Reuters

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Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years

The Congressional Budget Office projects that future deficits will explode. But there's a way out.

Reason

Hirers must register temp workers: SSO

The Social Security Office (SSO) is warning employers hiring migrant workers on a temporary work contract to abide by a new regulation requiring them to register their employees for social security coverage, which would entitle them to proper healthcare and compensation in the event of work-related injuries.

Bangkok Post

Labor to allow 19,000 refugees to stay permanently in Australia from early 2023

Decision grants people on temporary protection visas rights to social security and reunion with family members

The Guardian - AU

Baby boomers have an average of $162,000 in their retirement savings

For boomers who are looking to supercharge their retirement savings, experts suggest saving more in tax-advantaged accounts and delaying cashing in on their social security benefits.

Fortune

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Scottish disability benefits and child payments to be made early over Christmas and New Year week

Social Security Scotland payments due between December 24 and January 6 may change for some people.

Daily Record

Top tax writers diverge on lame-duck Social Security fix

WASHINGTON — Key lawmakers aiming to fix a Social Security provision that cuts benefits for public workers who also get government pensions remain at odds on how to treat people who benefit more under the current formula.

Tribune News Service

Working at 76: Inflation forces hard choice for older adults

Higher prices throughout much of 2022 have taken their financial toll on older adults in particular

The Independent UK

Winter Heating Payment in Scotland and who is eligible for £50 cash boost

The Winter Heating Payment has replaced the Cold Weather Payment from the Department for Work and Pensions (DWP) in Scotland, and has the same eligibility requirements.

Edinburgh Live

Top tax writers diverge on lame-duck Social Security fix - Roll Call

Key lawmakers remain at odds over a Social Security fix that cuts benefits for public workers who also get government pensions.

Roll Call

US Treasury warns Social-Security cuts would ‘decimate’ retirees

A senior U.S. Treasury official warned Tuesday that cuts to Social Security and Medicare would “decimate” the standard of living for American retirees.

Tribune News Service

House Democrats reject committee term-limit proposal

WASHINGTON — House Democrats on Tuesday rejected an effort to limit how long their committee leaders can serve without a waiver from the entire caucus.

Tribune News Service

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Salon

GOP's big plan: Hold America hostage

GOP readies another round of legislative terrorism in search of spending cuts. Biden needs to fight back hard

Tribune News Service

A standoff is coming in 2023 — and it’s over the national debt

WASHINGTON — President Joe Biden is headed toward a standoff over the national debt next year, when Republicans newly in control of the U.S. House threaten to demand concessions for raising the government’s legal borrowing limit.

Daily Record

'Warm banks' are an outrage - a failure of the welfare state and the Tory government

The existence of warm banks is also a damning indictment of the UK’s 21st century welfare state. A social security system should have compassion at its core, with the needs of children and families central.

Tribune News Service

Trump administration veteran shops budget plan with deep cuts

WASHINGTON — Former President Donald Trump’s budget chief thinks Republicans have taken the wrong path on fiscal policy, and he is seeking to reroute the GOP with an alternative budget blueprint.

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Roll Call

Trump administration veteran shops budget plan with deep cuts - Roll Call

Former President Trump’s budget chief says Republicans are on the wrong path on fiscal policy and is proposing an alternative budget plan.

Glasgow Live

Carer's Allowance claimants to be paid extra £245 this week in lead up to Christmas

Carer's Allowance Supplement is an extra £245 payment for people in Scotland who get Carer's Allowance on a particular date, and is paid twice a year to claimants.

AAP

Calls for boost to social security payment

An inquiry into poverty in Australia has heard calls to increase social security payments to help meet the rising cost of living.

Fortune

Unsecured personal loans guide: Pros and cons

Obtaining pre-qualification is usually quick and only requires submitting basic personal information such as Social Security number, address, and annual income details.

Daily Record

Carer’s Allowance claimants to receive an extra £245 payment at end of the week

The next payment of Carer's Allowance Supplement will be made on Friday, December 9.

Bangkok Post

Man cashed his dead mum's social security cheques for 26 yrs in US

A Missouri man pleaded guilty this week to stealing his dead mother’s Social Security payments for more than a quarter century, accumulating nearly US$200,000 in the process, federal prosecutors said.

Tribune News Service

Seattle-area debt collector allegedly compromised data of 3.7 million people

A Lynnwood, Washington-based debt-collection company has been sued for compromising the names and Social Security information of more than 3.7 million individuals in a data breach in April 2021.

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