Title: Many federal retirees to receive 3.2% in 2024 COLA, but not everyone gets the same adjustment
Article Snip: "But like every year, not all federal retirees will receive the full 2024 COLA. Depending on the system under which a federal employee retires, the exact 2024 COLA amount varies. ...Based on these calculations, FERS retirees will receive a 2.2% COLA starting in January. ..."
Reference: federalnewsnetwork.comTitle: 2024 COLA for federal retirees will be 3.2%, Social...
Article Snip: "...Retirees to see smaller Social Security COLA boost as inflation...Those under FERS get the full amount if the CPI-W increase is less than 2%. If it increased between 2% and 3%, the COLA is a flat rate of 2%. If it increased more than 3%, the COLA is the value of the CPI-W minus one. "
Reference: www.federaltimes.comTitle: U.S. Federal Government Employee Lookup
Article Snip: "Find the average salaries and salaries of most federal employees across all agencies and occupations in 2022. Search by name, year, title, agency, or state and view the top 100..."
Reference: www.federalpay.orgTitle: US households can now order four free Covid tests from the government – latest guidelines
Article Snip: "...New Covid boosters from Pfizer and Moderna are now available at pharmacies nationwide, and the US has restarted its free Covid test program. Tests can be ordered from COVIDTests.gov; you can order four per household. The Centers for Disease Control and Prevention (CDC) and US Food and Drug Administration (FDA) are recommending one dose of the updated vaccine for everyone six months and older in the US..."
Reference: www.independent.co.ukTitle: OPM | Federal Retirement FAQ
Article Snip: "...Retire FAQ, Court-Ordered Benefits, Former Spouses, New Retirees, Post-Retirement, Services Online, Family Benefits..."
Reference: www.opm.govTitle: 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.comTitle: Senior Citizens Can Go to College for Free or Cheap in All 50 States
Article Snip: "The Alabama Commission on Higher Education states that Alabama seniors can attend any two-year institution within the state tuition-free. Adults 60 and older should contact the financial aid office at any community college for admission and eligibility details. Some Alabama schools, like... Senior Citizen Visitor Program at the University of Hawaii and state community colleges allows senior residents age 60 and up to attend up to two courses per semester free of charge. Seniors who have been residents of Hawaii for at least one year may enroll in in-person, hybrid or online courses for no cost. ...There’s no statewide benefit in Mississippi, but some schools have programs for seniors. "
Reference: www.thepennyhoarder.comTitle: One Day, You're Going to Die. Here's How to Prepare for It
Article Snip: "...It's a fact of life that we're all going to die at some point. While it's not something you probably want to think about, you can make things a lot easier on yourself (and your family) if you get everything in order now. Here's what you need to do. ...Note: You can do a lot of this stuff on your own, but it's a good idea to speak with a lawyer about your will, assets, and general estate planning. This guide is meant more to get you acquainted with terms, provide DIY options when applicable, and help you collect together what you need."
Reference: lifehacker.comTitle: Does Beneficiary Designation Overrule a Will?
Article Snip: "A beneficiary designation assigns a person or party to receive benefits from a financial product, such as a retirement account or life insurance policy. ...A will is a legal estate planning document stating your intentions for possessions after you die. Typically, a will defines an executor to carry out your desires. Then, it ..."
Reference: yahoo.comTitle: Two Social Security Provisions that Can Impact CSRS Retirees
Article Snip: "...While they won’t affect your CSRS annuity, they may cut into – or even eliminate – any Social Security benefit you may otherwise be entitled to. They are the Windfall Elimination Provision and the Government Pension Offset. ..."
Reference: www.fedweek.comTitle: Retirement Gifts | Cards for Retirement
Title: Buffett Says Build Passive Income, 2 Dividends For Your Retirement
Article Snip: "...Here are two proven dividend stewards with much juice left to keep producing those paychecks...."
Reference: seekingalpha.comArticle Snip: "“A major storm impacting the Gulf Coast and nearby refineries will likely lead to a spike in gas prices for a few weeks,” AAA spokesperson Andrew Gross told CNBC. Such circumstances could affect the 2024 COLA. “The COLA estimate will go up if the price of gasoline jumps considerably,” Mary Johnson, Social Security and Medicare policy analyst at The Senior Citizens League (TSCL), told the news outlet. “The COLA estimate might go down if gas and oil prices drop.”..."
Reference: yahoo.com