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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Dec 30, 1984

Page

3

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.

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.

Washington UPI Social Security Trust General Treasury

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