2022 COLA: 5.9%; Largest in 40 Years
The 2022 COLA will be the largest increase in 40 years, a fact obviously of interest to federal retirees and Social Security recipients.
Social Security
Should You Take the FERS Supplement or 10% Bonus to Your Pension?
How much of a financial impact can the FERS supplement or pension bonus have on a federal employee’s pension?
Can Social Security’s Insecurity Create Private Sector Jobs?
A private company wants to sell insurance against insolvency. The author explains what life would be like if AIG and Lehman Brothers ran Social Security.
How Do You Know How Much You Will Receive From Social Security?
How do you know how much you will receive from Social Security? Your Social Security statement will tell you.
The 2021 Social Security Trustees Report is Already Outdated
The author says that Social Security may be in a more dire financial state than the latest Trustees report suggests.
Be Aware of the Medicare Part B Premium When Taking Social Security at Age 62
Enjoying your Social Security benefit prior to age 65 means less money to pay the Medicare Part B premiums – for the rest of your life.
Whistleblower Scores GPO Related Win at SSA
As a result of a whistleblower’s disclosure, over 21,000 widow(er) beneficiaries may be entitled to receive higher benefits payments.
Up, Up and Away: 6.2% Possible for 2022 COLA
Inflation is up again in July. There is another higher projection for the 2022 COLA figure to be announced in October.
Social Security COLA Projected to Be the Highest In Decades
Social Security recipients are likely to get a big COLA in 2022, but the author notes that this is a major financial burden for the program.
Why Social Security’s Trust Fund Is Vital to Those Approaching Retirement
The author says that Social Security is losing billions of dollars that will one day hit retirees directly in the wallet.
