...providing retirement news snippets from various sources for federal employees, postal employees, seniors, veterans, and people with disabilities who receive Social Security . Your resource for retirement living, investment, employment, health care, and retirement leisure. - Stay Informed!
Title: Yes, retired federal workers would still be paid during a government shutdown
Article Snip: "... The U.S. is heading toward a federal government shutdown that could delay paychecks for many federal workers if Congress fails to pass a funding plan by Sept. 30. Many VERIFY readers have questions about the potential shutdown, including whether retired federal workers would still receive their retirement checks. ..."
Reference: www.10tv.comTitle: Biden Signals Support for UAW as Strike Begins
Article Snip: "Joe Biden put himself squarely in the camp of organized labor...demands of UAW, which wants a 36% pay increase over four years, a shorter work week, an end to the "tiered employment system" that gives news workers lower pay and less generous benefits and the restoration of a traditional pension. ..."
Reference: www.usnews.comTitle: Picking a Your Federal Retirement Date – General Rules
Article Snip: "...some general considerations for picking a date do it. This will be of most immediate interest to those who are thinking of going out around the end of this year but it also is important information even for those farther away from retirement. First, a quick review of eligibility rules. To retire, you first need to meet the ..."
Reference: www.fedweek.comArticle Snip: "Last forecast increases slightly while the official cost of living adjustment for next year will be announced on Oct. 12. ...It’s not going to approach 2023’s historically high COLA increase of 8.7%, but the 2024 Social Security cost of living adjustment is expected to be 3.2%, which if it comes to fruition would raise an average monthly retiree benefit of $1,790 by $57.30. That’s according to the final COLA forecast of the year, released this morning by The Senior Citizens League’s Mary Johnson, who has a long track record of accurately predicting the following year’s COLA from on her analysis of inflation trends based on monthly Consumer Price Index data. Johnson’s 2024 COLA forecast was at 2.7% as of June but increased to 3% in July and stayed there in August before rising to 3.2% for September. ..."
Reference: 401kspecialistmag.comTitle: Retired postal worker chooses missionary life
Article Snip: "...Linda Thomason Mosley spent her 36-year career with the U.S. Postal Service helping people get messages to one another. After she retired, she set out to spread her messages about her faith. "I had wanted to be a missionary for a long time," says Mosley, 74. Mosley retired in October 2009, and the following December, she heard a speaker at Immanuel Baptist Church in Little Rock share stories about his work as a missionary. ..."
Reference: www.nwaonline.comTitle: Biden is pursuing the most anti-business economic policies since FDR
Article Snip: " The economy was reeling at a 6.5% annual growth rate. That was given to him on a silver platter by Donald Trump. Today, the economy is actually reeling at a 1% growth rate. Boss Biden gets another Bottomless Pinocchio. How about "unleash prosperity"? Now, that would be my kind of slogan or, how about, "a rising tide lifts all boats"? Trouble with Joe Biden is he's a stick-in-the-mud class warrior. Middle, lower, upper… diversity, equity, inclusion, woke… it's all left-wing gibberish. Biden says his "middle-out, bottom-up, whatever-that-means" is "working." Sure it is, Joe... A couple of new polls out today. YouGov just said 29% of voters approve of his inflation policy, while 61% disapprove. Overall, a recent AP/NORC (University of Chicago) poll says 34% of voters approve of Biden's economic policy — 34%. So, we have a disconnect here between rhetoric and the reality. Or, in terms of "middle-out, bottom-up," real hourly earnings, a.k.a. middle class wages, are falling 3% at an annual rate. Or, real average weekly earnings are dropping at a 5% annual rate. Or, for the bottom quartile of income earners, which is $38,000 a year or less, they've declined by 2.3% under Joe Bidenomics. "
Reference: www.foxbusiness.comTitle: Postal Service Must Immediately Fund Employee Pension Obligations
Article Snip: "...The U.S. Postal Service (USPS) is legally obligated to provide $5 billion in funding for its employees’ pensions by September 30. If it fails to do so, employees’ benefits are at far greater risk, and a terrible precedent has been set that could seriously erode the value of these plans and even what employees receive. It would also send a clear signal that USPS’s finances are again in major trouble. As such, USPS’s Board of Governors, which meets this Friday, September 8, postal labor unions, and Congress should all demand full funding by September 30 to the U.S. Office of Personnel Management (OPM). This issue goes to the heart of USPS’s credibility and proper financial stewardship...."
Reference: www.fedweek.comUS aid paying Ukrainian pensions Snippet of Article: "...Joe Biden stated that funding in a Ukrainian aid package, and later app...