What The Latest Social Security Numbers Mean to You
The author suggests that the consequences of Social Security will arrive much sooner than the experts are predicting and says that we may actually have to repay the Trust Fund.
Social Security
Stay informed on Social Security updates that affect federal employees and retirees, especially those covered under FERS. Explore news and analysis on Social Security COLAs, benefit calculations, earnings limits, claiming strategies, and policy changes that influence retirement income. Find clear explanations of how Social Security integrates with FERS benefits, the FERS supplement, and long‑term financial planning. Keep up with legislative developments, inflation trends, and key rules that shape Social Security benefits for federal retirees.
CBO: Social Security Benefits Would Need to be Reduced by 29%
A new report from the Congressional Budget Office says that under current law, Social Security benefits would have to be cut 29% beginning in 2030 at the current rate of consumption.
Legislation Introduced to Apply the Chained CPI to Social Security COLA
Legislation has been introduced that would make sweeping reforms to Social Security. The author says it would make cuts to the program that would potentially harm older Americans.
Federal Retirees: Don’t Get Bitten by the Estimated Tax Penalty
New retirees are prone to getting caught by the estimated tax penalty, or ETP. Here are some tips on how federal retirees can avoid getting hit with extra taxes and penalties under this rule.
Schumer Urges One Time ‘Emergency’ Payment to Social Security Recipients to Offset Low COLA
Senator Charles Schumer (D-NY) has announced an initiative to offset the low COLA that was recently announced for the coming year.
Low COLA? Blame it on Gasoline
The author says that a drop in gasoline prices is to blame for the very low COLA that was announced for 2017 this week.
Social Security Taxes Set to Rise for Some Employees in 2017
The Social Security Administration has announced that the maximum amount of earnings subject to the Social Security tax will climb 7.3% in 2017.
0.3% COLA Increase for Federal Retirees and Social Security Recipients in 2017
There will be a COLA increase of 0.3% for federal retirees and Social Security recipients in 2017.
The Great Trust Fund Robbery
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.
Changing to Elderly Index for COLA Calculation Will Be Insignificant
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.
