Story perspectives

Trump Proposes Social Security Reforms Amid Cost-of-Living Increase

5/3/2025

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Summary

Story summary

President Trump proposed reforms to Social Security, including eliminating taxes on benefits, but no legislation has passed.
Social Security payments are scheduled for Wednesdays, with May 2025 dates set for the 14th, 21st, and 28th.
A 2.5% cost-of-living adjustment (COLA) will begin on May 14, aiding retirees and disability recipients.
Supplemental Security Income recipients will receive two payments in May due to June 1 falling on a Sunday.
The SSA promotes electronic payments to minimize delays and fraud, advising a three-day wait for missed payment inquiries.

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Story summary

President Trump proposed reforms to Social Security, including eliminating taxes on benefits, but no legislation has passed.
Social Security payments are scheduled for Wednesdays, with May 2025 dates set for the 14th, 21st, and 28th.
A 2.5% cost-of-living adjustment (COLA) will begin on May 14, aiding retirees and disability recipients.
Supplemental Security Income recipients will receive two payments in May due to June 1 falling on a Sunday.
The SSA promotes electronic payments to minimize delays and fraud, advising a three-day wait for missed payment inquiries.