...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: Obama Plan Won't Include Changes to Social Security
Article Snip: "...President Barack Obama's new deficit-reduction proposal will leave out changes to Social Security, and may exclude any increase in the Medicare eligibility age, people familiar with the discussions said Wednesday...."
Reference: wsj.comTitle: A Bipartisan Move to Tackle Benefits Programs
Article Snip: "...would support slowly increasing the eligibility age for Medicare to 67 from 65 and changing the formula for cost-of-living increases in Social Security to a less generous one that some economists consider more accurate. ..."
Reference:Title: Retiree COLA Roller Coaster: Going Up
Article Snip: "...government retirees are cautiously looking forward to a cost of living adjustment of around 3.3 percent in their January checks. That COLA, if it holds up, would be the first inflation-catchup federal, ..."
Reference: www.federalnewsradio.comTitle: Changes To Inflation Formula Will Clip Social Security Benefits, Study Says
Article Snip: "...the new inflation measure may not deliver to seniors the income protection they need in retirement, especially on the costs of health care...."
Reference: bnet.comTitle: Federal default would hurt county
Article Snip: "...roughly 14,000 federal retirees the National Federation of Federal Employees said live in the county. In all, active federal workers and retirees bring..."
Reference: www.hometownannapolis.com
Title: Administration ducks employees’ default questions
Article Snip: "...How will the assets of the Civil Service Retirement and Disability Fund and the G-Fund of the Federal Employees’ Retirement System be impacted..."
Reference: www.washingtonpost.com
Title: Crowley reports on Medicare plan cuts
Article Snip: "...According to Crowley’s report, costs for an average Medicare beneficiary would increase by $520 in the 2012 federal fiscal year (from October 1, 2011 to September 30, 2012)...."
Reference: www.queenscourier.com
Title: For AARP, A 'Monumental' Shift On Social Security?
Article Snip: "...AARP recognizes benefit cuts in Social Security may be unavoidable in the future. But it wasn't something the organization wanted to see highlighted on the front page of a major newspaper...."
Reference:
Title: Bachmann formally announces presidential bid in Waterloo, Iowa
Article Snip: "...hypocrisy and shameless self-promotion. Her support for ending Medicare and 'weaning' people off Social Security is proof enough that Michele Bachmann would be a terrible President,” said Martin..."
Reference: hometownsource.com
Title: Retirees Eye 3.5 Percent Raise!
Article Snip: "...federal, military and Social Security retirees are looking at a possible January cost of living adjustment of 3.5 percent..."
Reference: www.federalnewsradio.com
Title: Federal Workers Facing More Cuts
Article Snip: "...In March, Senate Republicans Richard Burr and Tom Coburn introduced legislation that would entirely eliminate pensions for government employees. They would still collect Social Security and hold 401k-style accounts.
The White House is unlikely to back such an aggressive plan..."
Reference: www.kctv5.com
Title: About That OPM Retirement Processing Backlog
Article Snip: "...The Office of Personnel Management is making progress on reducing the backlog in finalizing retirement applications. The time it takes to process a retirement action has improved by roughly..."
Reference: www.fedsmith.com
Title: House G.O.P. Members Face Voter Anger Over Budget
Article Snip: "...In central Florida, a Congressional town meeting erupted into near chaos on Tuesday as attendees accused a Republican lawmaker of trying to dismantle Medicare while providing tax cuts to corporations and affluent Americans. ..."
Reference: www.nytimes.com
Title: Marco Rubio kicks off media blitz with talk of raising the retirement age for Social Security
Article Snip: "...Indeed many of the reforms are controversial, particularly Social Security. Rubio raised that possibility on the campaign trail last year and then-Gov. Charlie Crist tried to make it an issue but did not get traction...."
Reference: www.tampabay.com
Title: 2011 Special Incentive Offer FAQs
Article Snip: "...What are the basic details of the 2011 Special Incentive Offer?
On March 23, 2011, the Postal Service announced a Special Incentive offer for the following targeted groups:
Career non-bargaining employees assigned to Headquarters and Headquarters Field Units, including PCES and attorneys
Career non-bargaining employees assigned to Area Offices, including PCES
Career non-bargaining employees assigned to District Customer Service Offices (the offer includes PCES in closing districts only)..."
Reference: usps.gov
Title: Will I be eligible for Social Security special retirement supplement?
Article Snip: "...I am a federal employee with 31 years of service. Civil Service Offset, with 10 years CSRS and 21 years in FERS. ..."
Reference: federaltimes.com
Title: Golden years losing luster
Article Snip: "...Social Security benefits will replace just 28 percent of a recipient's preretirement income in 2030, on average, down from 39 percent in 2002, according to the Center on Retirement Research. The drop will result largely from the increased Medicare payments and higher income taxes Social Security recipients will have to pay...."
Reference: www.bendbulletin.com
Title: Postal Service to cut 7,500 positions this month, 30,000 by end of year
Article Snip: "...Postal Service will use attrition and early retirement offers to reach that number and is weighing whether to use buyouts ..."
Reference: Federal Times via postalearlyretirement.blogspot.com
Title: Postal Service aid plans would jeopardize federal retirement funds, watchdog says
Article Snip: "...the financial soundness and integrity of the trust funds would be severely compromised," McFarland said in a 56-page report on the issue.
Lawmakers are likely to highlight the conclusions during a House oversight subcommittee hearing scheduled for Wednesday on the Postal Service's finances. ..."
Reference: www.washingtonpost.com
Title: How a Typo Could Delay Your Retirement from Federal Service
Article Snip: "...The SF 50, or Standard Form 50, is the official form the government uses to calculate your retirement. Your SF 50s determine your retirement eligibility and your federal pension...."
Reference: FedSmith.com
US aid paying Ukrainian pensions Snippet of Article: "...Joe Biden stated that funding in a Ukrainian aid package, and later app...