...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: What will the maximum full-age Social Security retirement benefit be in 2024?
Article Snip: "...The SSA has published the maximum monthly benefit Social Security recipients can expect to receive if they choose to retire at their ‘full retirement age. ...a 3.2% increase in payments will see the average retiree receive $1,907 in 2024. ...The highest possible monthly payment for an American who retires at this point will be $..."
Reference: as.comTitle: Social Security Cuts: 4 Programs and Services for Boomers Struggling in Retirement
Article Snip: "...As baby boomers age into retirement, many find their financial outlook a little more uncertain than they had hoped. For several years, Congress has debated cuts to Social Security programs that could reduce or close certain services and benefits many boomers rely on. In this article, we’ll discuss potential cuts to Social Security and look at some programs and services that can provide much-needed assistance. With so much uncertainty about Social Security’s future, now is arguably an even more critical time than ever to become familiar with these proposed changes — and plan accordingly...."
Reference: www.gobankingrates.comTitle: Why Some Retirees Won’t Get the Full 3.2% Social Security COLA Next Year
Article Snip: "...not all COLAs are created equal. Although it was announced in October that Social Security beneficiaries will receive a 3.2% COLA increase next year, most retired federal workers will receive just a 2.2% raise. ..."
Reference: www.newsobserver.comArticle Excerpt: "Biden, who had appeared with striking autoworkers in Michigan in September, called it a “hard-fought agreement” that was reached after weeks of “good faith” negotiations. ...members, would include a 25 percent general pay increase over the course of a four-year contract, increased retirement benefits and more paid leave. ..."
Reference Source: www.valleycentral.com
Title: Here's what 'wealthy' means in 2023 America, in five numbers
Article Snip: "What does it take to be wealthy in 2023?...Here, then, are five numbers that illustrate what it means to be wealthy in America today. ..."
Reference: www.usatoday.comTitle: Congratulations on your upcoming federal retirement!
Article Snip: "...The Retirement Quick Guide will walk you through what to expect as your retirement application is processed and your benefits are determined. The printable version of this guide includes estimated timelines. ..."
Reference: www.opm.govArticle Snip: "...Scientists are calling for stage 3 clinical trials of an Alzheimer's drug to be scrapped after a report highlighted serious doubts about the legitimacy of research that helped the medicine reach that stage. A long-awaited report by the City University of New York (CUNY) accused one of its faculty members, neuroscientist Hoau-Yan Wang, of egregious misconduct concerning 20 research papers — defined as workplace behavior so outrageous, dangerous, or illegal that an employer cannot reasonably expect to correct it through progressive discipline. ..."
Reference: www.dailymail.co.ukTitle: Should you get a COVID booster? Here are 7 things to consider.
Article Snip: "...An updated COVID-19 vaccine has been available since last month and more than 7 million Americans have gotten boosted since then. But many people are still on the fence about whether and when to get a shot. Experts say when and whether to get a COVID booster should depend on your health status, risk tolerance, timing of last infection and other personal factors..."
Reference: www.usatoday.comTitle: 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.comUS aid paying Ukrainian pensions Snippet of Article: "...Joe Biden stated that funding in a Ukrainian aid package, and later app...
