This includes Social Security payments, a small number of which are still issued via paper checks. Critics of the policy have said it could have negative impacts on vulnerable recipients, while supporters have said the change is long overdue.

The post We're 8 Years Away From an Automatic 23 Percent Cut in Social Security Payouts appeared first on Reason.com. Although Donald Trump didn't hold up his end of the bargain by eliminating the taxation of benefits, select retirees are still on track to qualify for a beefed-up (but temporary) deduction in The One, Big, Beautiful Bill.

The nation’s key program for retiree benefits continues to see financing shortfalls. Unless Congress acts, those drops could lead to payment cuts in eight years.