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The U.S. Senate is considering a measure to deny states the flexibility they need to set up retirement savings options if they so choose. House Joint Resolution 66 repeals an important Department of Labor rule providing guidance to states desiring to work with small business owners to set up retirement savings programs for their employees.
Boise, ID -- New analysis conducted by AARP shows that 806,000 Idaho workers who are paying into Social Security today stand to lose 25 percent of their benefits if the President and Congress don’t act.
Over 50% of those 65+ in the US rely on Social Security for most of their family income. Though America has evolved over the last 80 years, Social Security has not. With no change to current policy and spending, Social Security can only continue to pay out full benefits until 2034.
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