Critics say new pension formula biased against shared earnings
A government study questions earnings sharing in Social Security reform proposing to split couples earnings for benefit calculations. It argues higher benefits for some married women could come with costly transitions and lower gains for widows and divorced women, amid broader concerns of bias and fairness.
MENTIONED IN THIS ARTICLE
Washington
Social Security Administration
Congress
Social Security costs rise for 1985 workers and claimants
The 1985 changes boost 37 million Social Security recipients by 3.5 percent increasing typical retiree benefits by about 15 dollars a month and raising the general payroll tax to 7.05 percent for workers and 11.8 percent for self employed. The Medicare hospital deductible climbs to 400 dollars, and the maximum earnings subject to tax rises to 39,600 dollars. About 89 million workers face the higher tax, with costs to trust funds and the treasury detailed.
MENTIONED IN THIS ARTICLE
Washington
UPI
Social Security Trust
General Treasury
Also Mentioned on This Page
Kelly Brittle
Tucson
Ariz
Canyon del Oro Wash
Brittle
Robert Pear
New York Times News Service
Bou Stis
Syrecess
Steve
Chappell
Jantzen
Cortland
Auburn