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It may decrease their Social Security payments by up to half the value of their pension. For example, Michelle Cosgrove's benefits will be cut nearly in half — reduced by $557, to $601.
Social Security will automatically change any monthly benefits received to survivors’ benefits after it receives the report of death. The agency might be able to pay a Special Lump-Sum Death ...
The Social Security Administration has implemented a variety of new rules and features for 2013. The two-year payroll tax cut has officially ended, and paper Social Security checks will soon cease ...
Employees hired after 1983 are required to be covered by the Federal Employees Retirement System (FERS), which is a three tiered retirement system with a smaller defined benefit (pension), Social Security, and a 401(k)-style system called the Thrift Savings Plan (TSP). The defined benefits of both the CSRS and the FERS systems are paid out of ...
Since January 1, 1984, employees with fewer than 5 years of non-military experience on December 31, 1986, were covered under interim retirement rules under which they were covered by both CSRS and the Social Security system (commonly referred to as CSRS Offset). They made reduced payments to the CSRS (1.3 percent of earnings instead of the ...
Obama promised he would support passage of the Social Security Fairness Act. But the Social Security Administration's site below shows that in fiscal year 2015 President Obama's Budget includes “a proposal to develop automated data exchanges for states and localities.” And this information will be used to reduce “improper (WEP or GPO ...
Social Security will automatically change any monthly benefits received to survivors’ benefits after it receives the report of death. The agency might be able to pay a Special Lump-Sum Death ...
A new bill has been introduced in Congress that would increase the annual cost of living adjustment (COLA) for retired federal employees under the Federal Employees Retirement System (FERS) in some...