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President Joe Biden signed a measure into law on Sunday that boosts Social Security retirement payments to some retirees who draw public pensions, such as former police officers and firefighters ...
Wysa analyzed Bureau of Labor Statistics data to illustrate which workers will benefit the most from new overtime rules taking effect in phases this summer and at the start of 2025. The analysis ...
In 2016, then-President Barack Obama asked the Labor Department to overhaul federal overtime rules and raise the salary threshold to $47,476 a year, or $913 a week. That would have roughly doubled ...
Key Medicare changes. Premiums and deductibles on Medicare Part B are going down. For the first time in over 10 years, Medicare will become cheaper for millions of retirees. The monthly premium ...
3. The wage cap for Social Security taxes is going up. Social Security is funded primarily by payroll taxes. Each year, there's a wage cap set that dictates how much income gets taxed for Social ...
The new maximum monthly benefit for 2025 is $5,108 (about $61,300 for the year), up from 2024's $4,873. ... but when 6.2% of your paycheck is deducted for Social Security (plus 1.45% for Medicare ...
Beginning Jan. 1, 2025, U.S. Postal Service employees, retirees, and their families will get healthcare coverage under the new Postal Service Health Benefits program instead of the usual Federal ...
President Joe Biden delivered the State of the Union address on March 7, in a wide-ranging speech in which he addressed what he plans to change — or not change — about drug costs and Medicare ...