GIG WORKERS SOCIAL SECURITY ACT
Social Security cuts: 15 states could lose up to $556 a month by 2032 – Is your state on the list? Can Bernie Sanders' $2,400 proposal prevent the cuts?
Retirees in 15 states could lose more than $500 monthly if Social Security funding runs short. Connecticut faces the highest projected reduction at $556, followed by New Jersey and New Hampshire at $554. The CRFB estimates a possible 24% benefit cut by 2032, while Trustees project 22%.
Telangana implements gig worker rules, mandates minimum pay, social security benefits
The Telangana government has launched the Telangana Platform-Based Gig Workers Rules, which establish rights for gig workers. Chief Minister A Revanth Reddy introduced the legislation during a ceremony with Rahul Gandhi in Hyderabad. The new rules include provisions for social security benefits, minimum remuneration, and protection against arbitrary account deactivation. Shaik Salauddin from the Telangana Gig and Platform Workers Union emphasized the need for effective implementation of these rights.
Rahul Gandhi calls out ‘fascists’ at Bharat Summit, launches Telangana gig workers’ welfare scheme
Addressing the Bharat Summit 2026 in Hyderabad, Gandhi hit out at what he termed "fascists" in business, academia, and politics, asserting that they tend to scream and refuse to listen while the humble majority remains quieter.
Telangana to provide gig workers Rs 5 lakh accident cover, Rs 10 lakh health insurance: Rahul Gandhi
Telangana has announced a new welfare scheme aimed at supporting gig workers in the state. The initiative includes accident insurance amounting to Rs 5 lakh and health insurance of Rs 10 lakh. Workers will receive 1% of each transaction for their deliveries directly into their bank accounts. This payment will be facilitated through a dedicated gig workers' board.
Congress believes in making workers partners, will stand by gig workers: Rahul Gandhi in Hyderabad
Congress and Telangana government have launched the Gig Workers’ Social Security and Welfare Scheme in Hyderabad. Leader of Opposition Rahul Gandhi emphasized the importance of data rights for gig workers during the event. He noted that workers currently lack access to their work-related information from digital platforms. Additionally, he addressed the challenging working conditions faced by gig workers while promising improvements.
Social Security cuts could hit these 15 states hardest: How much could retirees in Connecticut, New Jersey, New Hampshire and other states lose each month?
Social Security cuts: Social Security retirees in 15 states could face monthly benefit cuts exceeding $515, with Connecticut recording the highest estimated loss at $556. The projections come as the retirement trust fund faces depletion in 2032, raising concerns about how much beneficiaries could receive if lawmakers fail to address the funding shortfall.
Social Security could have lasted until 2059, so where did $10.8 trillion go? AARP reveals the income shift behind its 2034 funding crisis
Social Security's funding crisis may have arrived decades earlier because a smaller share of American income is subject to payroll taxes. AARP estimates the programme could have paid full benefits until 2059 if taxable wages had maintained their 1980s share of the economy. The actual trust fund depletion projections remain 2032 and 2034.
MeitY examines data collection by home services platforms for physical AI training
The consultation comes amid growing interest among AI and robotics developers in first-person video and sensor data, which can help train machines to understand and replicate human actions in real-world environments. Such recordings capture how people perform routine activities, providing training inputs for robots designed to undertake physical tasks.
What is Social Security's November 18 deadline? Millions can check their 2027 COLA-adjusted payments early - Here's how
Millions of Americans receiving Social Security benefits are approaching an important deadline on November 18, 2026. Beneficiaries should create a ‘my Social Security’ account to receive personalized cost-of-living adjustment notices electronically. A 3.6% COLA increase for 2027 will affect about 76 million people and provide financial relief. Early access to updated benefit amounts will help recipients plan accordingly moving forward.
Two major Social Security changes are coming in 2027: Retirees get a 3.6% raise, but some workers will pay $484 more in taxes — who will be affected?
Social Security 2027 changes: Social Security checks will rise 3.6% in 2027. The average retired worker will get $2,170 a month, up $75 from $2,095. SSI recipients will receive the higher payment on December 31, 2026. The Social Security tax limit for workers will rise from $184,500 to $192,300. Employees earning at least $192,300 could pay about $484 more in tax each year.
Social Security tax by state in 2026: Which 8 states tax retirement benefits, where can retirees keep more of their benefits, and how much could you owe the IRS?
Social Security benefits are not tax-free for every retiree in 2026. Just over half of beneficiaries are expected to pay federal income tax on their benefits, according to the Congressional Budget Office. Eight states also tax Social Security payments, although income-based exemptions offer relief. Federal tax thresholds, retirement withdrawals and state rules will determine how much retirees actually keep.
Your Social Security check faces a 22% cut risk: The funding shortfall that could cost retirees $2,700 a year
Social Security’s 2032 warning: Millions of retirees could receive smaller monthly checks if the retirement trust fund runs out of reserves. Payroll taxes would still finance payments, but cover only 78% of scheduled benefits, according to trustees. Congress could prevent the reduction through legislation. Until then, workers may need additional retirement savings through 401(k) plans and IRAs.
Social Security benefits at risk in 2032: Will 35 new Senators prevent a 22% cut?
Social Security benefit cuts 2032: Social Security faces a potential 22% benefit cut in 2032 as its retirement trust fund is projected to run out of reserves. Thirty-five newly elected senators will have to confront the funding challenge, with proposals ranging from raising payroll tax limits on high earners to changing how retirement funds are invested.
Social Security payroll tax cap rises to $192,300 in 2027: How much more will high earners pay from their paychecks, who will be affected, and what does it mean for your take-home pay?
Social Security taxes will take a bigger bite out of some high earners' paychecks in 2027. The taxable income limit is rising to $192,300 from $184,500, meaning another $7,800 of wages will be taxed. Workers earning above the new limit could pay up to $483.60 more next year. The increase comes as retirees are set to receive a 3.6% benefit boost.
Lenskart, Nykaa, PhysicsWallah see Q2 profits surge
New-age companies Nykaa, Lenskart, and PhysicsWallah reported strong numbers for the September quarter. This and more in today’s ETtech Top 5.
Gig workers may get social security benefits through 2% transaction levy on businesses
The government is considering implementing a 2% transaction-based levy on aggregators to support social security for gig workers. This levy will fund benefits such as insurance, health, and maternity support for over 12 million workers. There is a consensus that this approach ensures fairness among different types of aggregators. The new scheme is expected to be launched in 2027, requiring gig workers to meet specific work criteria.
ETtech Explainer: Food delivery, ride-hailing firms differ on gig worker welfare levy calculation
Food delivery and quick-commerce companies such as Zomato and Swiggy are seeking a levy based on the value of transactions facilitated through their platforms, while cab and bike-taxi aggregators such as Uber and Rapido want it to be calculated on their own turnover rather than the total value of rides facilitated.
Premji's deeptech bets; Razorpay gets IPO nod
Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.
Centre sets up social security board to frame welfare schemes for gig workers
In a significant move, the Ministry of Labour and Employment has initiated the National Social Security Board, designed to improve welfare for unorganised and gig economy workers. This board will advise on the rollout and supervision of important social security programs. Scheduled to meet three times annually, it will also manage policy discussions and oversee the financial aspects of the Social Security Code.
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