Three Big Wins for Retired People in New Budget Act

Three Big Wins for Retired People in New Budget Act

By AARP

People of retirement age and their families scored three significant victories in the budget act passed by Congress.

1. We preserved every cent of current Social Security recipients’ benefits. Millions of Social Security recipients were going to have their benefits automatically cut by 20 percent in 2016. That’s been stopped. No current recipient will lose a cent of Social Security benefits.