The Social Security Administration has said it manages over 60 million lines of COBOL code in its databases to process retirement and disability claims, among other functions. Elon Musk’s so-called Department of Government Efficiency wants to combine your Social Security number into a massive multi-agency federal database, which could violate current law and disrupt benefits. That’s according to U.S. Rep. Gerald Connolly, a Virginia Democrat, in an Thursday letter to the Social Security Administration’s assistant inspector general for audit.

The third and final round of April’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at 70, will go out to retirees in six days. Social Security payments typically begin on the second Wednesday of every month, and the following waves go out in the subsequent weeks. The distribution of payments depends on which day of the month a retiree was born. Retirees born on or after the 21st of a month will receive their payments on April 23. Citizens are eligible for Social Security...

For anyone who depends on Social Security to pay bills (and millions of Americans do), a 21% cut in benefits may be devastating. Even if someone works for years to maximize their monthly benefit, a reduction is sure to impact their everyday budget. Yet, cuts are on the horizon if Congress can't agree on a plan to shore up theOld-Age, Survivors, and Disability Insurance (OASDI) program before the trust runs dry. Larry Fink, CEO of global investment company BlackRock, believes Social Security could be reformed by switching to retirement savings...

The second round of April’s Social Security payments, worth up to $5,108 for the highest-income earners who retire at age 70, goes out to retirees today. Here is all you need to know about April’s Social Security payments. When does the check arrive? Social Security payments typically begin on the second Wednesday of every month, and the following waves go out in the subsequent weeks. The distribution of payments depends on which day of the month a retiree was born. Retirees born on or before the 10th of a month...

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Tens of thousands of Americans may be owed more in Social Security benefits than they have received so far due to how the Social Security Administration (SSA) is interpreting retroactivity rules under the Social Security Fairness Act. A bipartisan group of United States senators is urging the agency to revise its policy and grant the full scope of back payments allowed by law. The Social Security Fairness Act, signed into law in...