Horizon

Annual Social Security COLA Increase on the Horizon: Proposed Changes Could Mean Higher Adjustments

Phoenix, Arizona – Retirees across the country are eagerly anticipating a potential change that could lead to higher annual Social Security cost-of-living adjustments (COLAs). As October unfolds, discussions are brewing around a proposed adjustment to the COLA calculation process that might bring increased benefits to Social Security recipients in the coming years. Currently, the COLA for Social Security benefits is determined based on inflation rates, specifically using the Consumer Price Index for Urban Wage Earners …

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Election Date Change Could Impact Dozens of MPs’ Pensions on the Horizon

OTTAWA, Canada – The Canadian government recently introduced changes to the Elections Act, which could have significant implications for Members of Parliament in terms of pension eligibility. If the fixed election day for 2025 is moved by one week to October 27, it could mean that around 80 MPs, primarily Conservatives, would qualify for a House of Commons pension. The proposed changes, unveiled by Minister Dominic LeBlanc, aim to expand opportunities for advance voting and …

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Tax Cuts for West Virginia Seniors on the Horizon as Lawmakers Debate Elimination of Social Security Tax

Charleston, West Virginia – More than 50,000 senior citizen households in West Virginia stand to benefit from the proposed elimination of the state’s income tax on Social Security benefits. Governor Jim Justice put forward this proposal during his State of the State address in January, aiming to provide significant relief to retirees. This initiative comes on the heels of a record income tax cut for all earners implemented in the previous year, leading House and …

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