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  2. Postal Accountability and Enhancement Act - Wikipedia

    en.wikipedia.org/wiki/Postal_Accountability_and...

    Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]

  3. Federal Employees Retirement System - Wikipedia

    en.wikipedia.org/wiki/Federal_Employees...

    The Federal Employees' Retirement System (FERS) is the retirement system for employees within the United States civil service. FERS [1] became effective January 1, 1987, to replace the Civil Service Retirement System (CSRS) and to conform federal retirement plans in line with those in the private sector. [2] FERS consists of three major components:

  4. Public employee pension plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Public_employee_pension...

    In another study, Equable Institute found that the total lifetime value of teacher pension benefits have declined by $100,000 on average (13%) since 2005. A teacher hired for the 2005 school year can expect to earn $768,000 in retirement benefits, where as a teacher hired for the 2023 school year can expect to earn $668,000. [19

  5. For US retirees, 2017 cost-of-living adjustment lacks fizz - AOL

    www.aol.com/article/2016/07/24/for-u-s-retirees...

    Retirees will receive a paltry increase in their Social Security checks in 2017 - the second consecutive year of flat or near-flat benefits.

  6. Civil Service Retirement System - Wikipedia

    en.wikipedia.org/wiki/Civil_Service_Retirement...

    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 ...

  7. The government is holding millions in unclaimed retirement money

    www.aol.com/article/finance/2017/02/07/the...

    February 7, 2017 at 8:10 AM. When you're saving for retirement, every bit can help — even if it's a windfall from an unclaimed source. ... RELATED: 13 states that tax Social Security benefits ...

  8. The 5 worst states for retirement in 2017 - AOL

    www.aol.com/article/finance/2017/01/26/the-5...

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  9. United States Postal Service - Wikipedia

    en.wikipedia.org/wiki/United_States_Postal_Service

    The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.