How Much is the Maximum Annuity Supplement?
The procedure for calculating the supplement is clearly spelled out in Chapter 51 of the CSRS & FERS Handbook, but it is a difficult process. The author offers a more concise explanation.
The procedure for calculating the supplement is clearly spelled out in Chapter 51 of the CSRS & FERS Handbook, but it is a difficult process. The author offers a more concise explanation.
The author says that the House budget proposal released recently isn’t about the math of Social Security, but rather just about the politics of the debate over what to do with the program.
House Budget Committee Chairman Paul Ryan (R-WI) released the 2015 House Republican budget today which contains some proposals that would directly impact the federal workforce.
The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are two provisions of the Social Security law that affect Social Security benefits to which CSRS retirees may be entitled. The author provides some details about these as they relate to federal employees.
When Federal employees retire, they start getting “interim” payments, almost immediately. These payments are approximately 60% of the final, fully annuity. For FERS employees under age 62, there is also an annuity supplement of hundreds of dollars. The author offers details on these annuity payments.
The author says that increasing life expectancies in America creates two financial burdens for Social Security and offers some detail on what this means.
This is a basic guide to help federal employees understand some of the key points of the FERS system.
The author says that the more time that goes by, the worse off financially the Social Security program becomes. He argues that politicians need to work on a fix before it’s too late.
Visiting a Social Security office as a customer could have been a dreadful experience but it was not. What to expect when you visit one of these offices and how to make your visit go more quickly and to help ensure your information is calculated quickly and accurately.
A recent report from the Congressional Budget Office makes a myriad of proposals designed to help put a dent in the growing federal debt, some of which would directly impact federal employees.