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