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  2. Social Security Fairness Act takes big step towards passage - AOL

    www.aol.com/social-security-fairness-act-takes...

    The bill would also end a second provision that reduces Social Security benefits for those workers' surviving spouses and family members. The WEP impacts about 2 million Social Security ...

  3. Here Are Two Major Social Security Changes Retirees Need to ...

    www.aol.com/finance/two-major-social-security...

    The most notable change to Social Security benefits in 2025 should be good news. All current recipients will receive a boost to their monthly benefit thanks to the Social Security cost-of-living ...

  4. About 1 in 3 of these younger boomers will rely on Social Security benefits for at least 90% of their retirement income when they are 70, the study found. But Social Security benefits are designed ...

  5. 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:

  6. Retirement plans in the United States - Wikipedia

    en.wikipedia.org/wiki/Retirement_plans_in_the...

    Retirement plans are classified as either defined benefit plans or defined contribution plans, depending on how benefits are determined.. In a defined benefit (or pension) plan, benefits are calculated using a fixed formula that typically factors in final pay and service with an employer, and payments are made from a trust fund specifically dedicated to the plan.

  7. Employee Retirement Income Security Act of 1974 - Wikipedia

    en.wikipedia.org/wiki/Employee_Retirement_Income...

    Before ERISA, some defined benefit pension plans required decades of service before an employee's benefit became vested. It was not unusual for a plan to provide no benefit at all to an employee who left employment before the specified retirement age (e.g. 65), regardless of the length of the employee's service.

  8. What to know about the congressional push to expand some ...

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    If the bill is signed into law, the changes would be effective for benefits payable after December 2023. But if the bill doesn’t pass the Senate by Jan. 3, when a new session of Congress begins ...

  9. Employees Retirement System of Texas - Wikipedia

    en.wikipedia.org/wiki/Employees_Retirement...

    Employees Retirement System of Texas. Employees Retirement System of Texas (ERS) is an agency of the Texas state government. [1] ERS was created in 1947. [2] It oversees retirement benefits of state employees. [3] It is headquartered at 200 E 18th Street in Austin, Texas. [4] It is currently managed by CIO Tom Tull. [5]