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  2. Social Security: New Proposal for Higher COLA Bump for ...

    www.aol.com/social-security-proposal-higher-cola...

    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...

  3. All Medicare Retirees Should Do This by Dec. 7 - AOL

    www.aol.com/medicare-retirees-dec-7-101900355.html

    Medicare is the federal health program for people in the U.S. over 65 and has several different parts. Retirees typically don't enroll in all parts of Medicare and have some optionality when choosing.

  4. Social Security: Not Everyone Gets the Full 3.2% COLA ...

    www.aol.com/social-security-not-everyone-gets...

    “The difference for an average retiree is $18.37 a month, but over time, this could set FERS employees back thousands or even tens of thousands in retirement benefits, especially if we have a ...

  5. Federal Employees Retirement System - Wikipedia

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

    The FERS annuity is based on a specified percentage (either 1% or 1.1% for most employees, see below), multiplied by (a) the length of an employee's Federal service eligible for FERS retirement (referred to as "creditable Federal service", which may not be the actual duration of Federal employment) and (b) the average annual rate of basic pay ...

  6. Congressional pension - Wikipedia

    en.wikipedia.org/wiki/Congressional_pension

    The basic retirement annuity under FERS is equal to the (Average High-3 Salary x .017 x Years of Service through 20 years)+(High-3 Salary x .01 x Years of Service over 20)= Annual Pension Members who began congressional service before 1984 and who elected to join FERS will receive credit under FERS from January 1, 1984, forward.

  7. American retirees keep making these 5 costly Medicare ... - AOL

    www.aol.com/finance/american-retirees-keep...

    Turning 65 in the U.S. means finally being able to rely on Medicare covering most of your health expenses. But before you join the 67 million Americans enrolled in Medicare, it’s important to ...

  8. Federal Insurance Contributions Act - Wikipedia

    en.wikipedia.org/wiki/Federal_Insurance...

    Median household income and taxes. The Federal Insurance Contributions Act (FICA / ˈ f aɪ k ə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

  9. Some Retirees Will Pay More for Medicare in 2024. Here ... - AOL

    www.aol.com/retirees-pay-more-medicare-2024...

    The problem, though, is that Social Security benefits are only rising by 2.5% in the new year. This means an increase this large in the cost of Medicare Part B is going to leave millions of ...

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