Title: Job losses, early retirements hurt Social Security
Article Snip: "...Applications for retirement benefits are 23 percent higher than last year, while disability claims have risen by about 20 percent. Social Security officials had expected applications to increase from the growing number of baby boomers reaching retirement, but they didn't expect the increase to be so large...."
Reference: www.federalnewsradio.com
Monday, September 28, 2009
Job losses, early retirements hurt Social Security
Saturday, September 19, 2009
Tax-Friendly Places for Retirement
Title: Tax-Friendly Places for Retirement
Article Snip: "...ten states -- Alabama, Hawaii, Illinois, Kansas, Louisiana, Massachusetts, Michigan, Mississippi, New York and Pennsylvania -- exclude all federal, military and in-state government pensions from taxation. But Kansas taxes public pensions from all other states...."
Reference: www.washingtonpost.com
Friday, September 18, 2009
Social Security benefit checks could go down in 2010
Title: Social Security benefit checks could go down in 2010
Article Snip: "...the Congressional Budget Office estimates that there will be no COLA increase for 2010 -- the first time without an increa..."
Reference: www.walletpop.com
Wednesday, September 16, 2009
Federal Employee Retirement Information and Services
Title: Federal Employee Retirement Information and Services
Article Snip: Get all the information you need on your Federal Retirement from OPM to include planning, pre-retirement, online tools, FERS, CSRS, disability, insurance, and annuity information.
Reference: www.opm.gov
Monday, September 14, 2009
Eye Opener: Obama Caps Pay Raises at 2 Percent
Title: Eye Opener: Obama Caps Pay Raises at 2 Percent
Article Snip: "...President Obama has decided to reduce pay increases for civilian federal workers from 2.4 percent to 2 percent..."
Reference: washingtonpost.com
FERS flu strikes; workers burn leave
Title: FERS flu strikes; workers burn leave
Article Snip: "...Giving FERS employees an incentive to save sick leave would, backers say, be both fair and smart. They say Congress did it years ago for CSRS employees to keep them from burning up sick leave and that it would mean immediate savings in productivity. ..."
Reference: washingtontimes.com/
The FERS Special Retirement Supplement (and Special Category Employees)
Title: The FERS Special Retirement Supplement (and Special Category Employees)
Article Snip: "...Here is how the SRS is computed for a retiree whose MRA is age 56 and who retires under FERS with 30 years of civilian service and an estimated age 62 Social Security benefit of $1200 a month. ..."
Reference: www.fedsmith.com
Tuesday, September 8, 2009
Best Dates to Retire: Follow-Up
Title: Best Dates to Retire: Follow-Up
Article Snip: "...the best date would be Dec. 31, 2009, for those under the Federal Employees Retirement System and Jan. 1, 2010, for those under the Civil Service Retirement System...."
Reference: www.govexec.com
Saturday, September 5, 2009
Windfall Elimination Provision
Title: Windfall Elimination Provision
Article Snip: "...The Windfall Elimination Provision affects how the amount of your retirement or disability benefit is calculated if you receive a pension from work where Social Security taxes were not taken out of your pay. A modified formula is used to calculate your benefit amount, resulting in a lower Social Security benefit than you otherwise would receive...."
Reference: www.ssa.gov
Wednesday, September 2, 2009
2010 Federal Employee Pay Raise
Title: TEXT OF A LETTER FROM THE PRESIDENT TO THE SPEAKER OF THE HOUSE OF REPRESENTATIVES AND THE PRESIDENT OF THE SENATE
Article Snip: "...'I am transmitting an alternative plan for pay increases for civilian Federal employees covered by the General Schedule (GS) and certain other pay systems in January 2010.' - BARACK OBAMA..."
Reference: www.whitehouse.gov
Oil prices bury retiree allowance
Title: Oil prices bury retiree allowance
Article Snip: "...Lowered oil prices since then are almost certain to block any COLA this year for military retirees, federal civilian retirees, Social Security recipients, survivor benefit annuitants or disabled veterans...."
Reference: www.cnjonline.com