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In the first two months after the Civil Service Retirement Act took effect in 1921, more than 5,000 workers retired, some of whom were more than 90 years old. Thanks in large part to the work of NARFE’s founders, a 1926 law raised the amount of the annuities retirees received but also increased the amount deducted from the wages of current ...
No extra check for state retirees State retirees, who have not had a pension cost-of-living increase since 2011, will not get a one-time additional payment, which many called “ 13th check .”
In Switzerland, the 13th-month salary began to impose itself [clarification needed] at the end of the 1960s, although it had started to spread before that. There were conflicts about the payment schedule: workers wanted regular payments, and employers were more comfortable with yearly or half-yearly payments.
Beshear’s budget proposal included $100 million for the 13 th check — a one-time additional payment for retirees of the Kentucky Employees Retirement System and State Police Retirement System.
The United States federal civil service is the civilian workforce (i.e., non-elected and non-military public sector employees) of the United States federal government's departments and agencies. The federal civil service was established in 1871 ( 5 U.S.C. § 2101 ). [ 1 ]
As of January 2025, the average Social Security check for a retired worker is estimated to be around $1,976 per month. This reflects a 2.5% COLA increase from 2024.
In December 2010, President Obama issued executive order 13561 [3] carrying out a two-year federal employee pay freeze. [4] Two years later, on December 27, 2012, he issued a new order, Executive Order #13635, which would end the pay freeze and give civilian federal employees a 0.5% raise in 2013. [2]
The Pension Benefit Guaranty Corporation (PBGC) is a United States federally chartered corporation created by the Employee Retirement Income Security Act of 1974 (ERISA) to encourage the continuation and maintenance of voluntary private defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at the lowest level necessary ...