The word “steal” is used very loosely in the Social Security debate. However, if anyone is guilty of actually “stealing” from Social Security, the author says that one man stands out above all others. He explains how he believes this to be the case.
Legislation would change the COLA calculation for Social Security and federal retirees to the CPI-E index. It would also benefit those collecting spousal benefits.
The author outlines some of the most crucial sources of retirement income for federal employees.
What is the status of a 2017 raise for federal employees, next year’s COLA increase, proposed locality pay changes and military pay? Here is an update.
How do you determine how much money you will need in retirement? A lot depends on the retirement lifestyle that you desire. The author discusses the “80% rule” and how it applies to giving you the lifestyle you desire to have in retirement.
Are you taking full advantage of the benefits available to you as a federal employee under the Federal Employees Retirement System (FERS)? In his final article in this three part series, the author discusses actions federal employees in the FERS system should take to best utilize the benefits available to them to prepare for a successful retirement.
The outlook for federal retirees and Social Security recipients for an increase in income in 2017 is bleak. For the average Social Security recipient, next year’s COLA increase is unlikely to be over $5.00 per month.
A series of actions are leading probable declines in the take home pay of federal retirees in 2017. Current federal employees, however, are on pace to see their largest pay increase since 2010.
The House Ways and Means Committee has not advanced a bill that would have reformed the Windfall Elimination Provision as it applies to Social Security benefits of federal employees.
Federal employees covered under CSRS Offset have special considerations when it comes to collecting Social Security in retirement. The author describes how this works and provides some real life examples based on a hypothetical scenario.
