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It will bring substantial financial relief to federal retirees who have been unfairly penalized for their public service for decades," the organization said in a statement on Saturday.
Around 2.5 million retirees could get some good news this holiday season: Their Social Security benefit checks may be increasing. That’s because the U.S. House of Representatives passed a bill ...
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...
The good news is that retirees' Social Security benefits will be higher beginning in January. You'll have more money to pay the bills. If the COLA is 2.5%, the average retiree would receive ...
U.S. retirees and government benefits recipients will get a 3.2% increase next year, the federal government said on Thursday, announcing its smallest annual increase in three years after ...
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:
A recent hearing by the U.S. House Ways and Means Committee’s Subcommittee on Social Security concluded that the WEP and GPO deny public servants “their hard-earned retirement benefits ...
3. Maximum Social Security benefit also set to increase. 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 ...