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Local plans are slightly better funded than statewide plans in the US. Local plans are 78.2% funded in 2022, compared to 77.8% for statewide plans. However, the historical funding trends of municipally-managed plans are similar, if not identical to statewide plans.
State Budget (billions $) [note 1] Annualized Fiscal years Reference Annualized budget per capita (in $) [note 1] S&P Credit rating in January 2017 [1] Alabama 12.69 12.69 2025
The state employee pay plan for the 2025 fiscal year, which starts on July 1, 2024, is modeled after last year's pay raises. It is designed to be more beneficial for workers who are paid below ...
In 2024, the Part B deductible is $240 but will rise by $17 to $257 in 2025. Most people pay the standard Part B premium, which is $174.70 in 2024. This is also climbing in 2025 to $185 per month ...
The first $9,000 of military pay of enlisted personnel is exempt from Arkansas tax; officers do not have to pay state income tax on the first $6,000 of their military pay. Retirees pay no tax on Social Security , or on the first $6,000 in gain on their pensions along with recovery of cost basis .
The maximum Social Security benefit for a worker retiring at full retirement age will increase from $3,822 in 2024 to $4,018 in 2025. This maximum applies to those retiring at the full retirement ...
Following reorganization in 2019, Arkansas state government's executive branch contains fifteen cabinet-level departments. Many formerly independent departments were consolidated as "divisions" under newly created departments under a shared services model.
As such, seniors should currently expect a 2.5% to 2.6% COLA for 2025. That's well short of the last few years of cost-of-living adjustments. Seniors received a 3.2% bump in their monthly checks ...