📋 How to Improve Social Security’s Minimum Benefit (AARP Article & PDF)

[Spring2025]

FROM THE ARTICLE - SEE ARTICLE FOR MORE!!!

Two Reports Address How to Improve Social Security’s Minimum Benefit.

By Jim Palmieri, AARP Public Policy Institute. Chantel Boyens and Jack Smalligan, Urban Institute. Kathleen Romig, Center on Budget and Policy Priorities & Richard W. Johnson, Urban Institute. Published November 21, 2024.

The Social Security Amendments of 1972 created a special minimum benefit to protect low-earning seniors against poverty in old age by giving them a higher benefit than they would receive through the regular Social Security benefit formula. But the minimum benefit has failed to reach many poor   beneficiaries due to design limitations. In fact, no new retirees have become eligible for it since 1998.

https://www.aarp.org/pri/topics/work-finances-retirement/social-security/new-social-security-minimum...