Showing posts with label Social Security. Show all posts
Showing posts with label Social Security. Show all posts

Sunday, October 22, 2023

Here's the Average Social Security Retired Worker, Disabled Worker, and Survivor Benefit for 2024

Here's the Average Social Security Retired Worker, Disabled Worker, and Survivor Benefit for 2024

Snippet of Article: "...As of September, nearly 50 million retired workers were receiving a monthly Social Security check. Prior to applying the 3.2% COLA, these retirees were expected to bring home an average of $1,848 per month. But after the 3.2% increase, the average retired worker will see their payout rise $59 per month to a Social Security Administration (SSA)-estimated $1,907/month.

Over 7.4 million workers with long-term disabilities are receiving a monthly Social Security benefit as well. By the end of the year, the SSA estimates that the average disabled worker will collect..."

Source: www.nasdaq.com

Social Security, 2024 Average Social Security Benefit,

Tuesday, January 31, 2023

Buying the vote: Democrats propose federal worker 8.7% pay raise in 2024 ...but nothing for retirees

Democrats propose federal worker 8.7% pay raise in 2024

Snippet of Article: "federal workers an 8.7% pay raise in 2024, a raise they say is needed because they suffered through both the COVID pandemic and the Trump administration. ..."

Source: yahoo.com

Snubbing Retirees, Anti-Retiree Administrations,Biden Legacy,Destruction of Postal and federal retirees,Social Security, OPM Pensions for postal and federal FERS retirees, FERS vs CSRS,

Monday, September 26, 2022

Social Security could be a ‘front-burner issue’ in November’s election

Social Security could be a ‘front-burner issue’ in November’s election. How the results may influence the program

Snippet of Article: "More than 65 million Americans currently rely on monthly Social Security checks, including retirees, spouses, widows and widowers, children and disabled workers. Then, the results of the Nov. 8 ballots could mark a shift for the Social Security agenda...."

Source: www.cnbc.com

Social Security

Tuesday, February 9, 2021

People Born In 1960 Face Huge Permanent Social Security Benefit Reductions

People Born In 1960 Face Huge Permanent Social Security Benefit Reductions

Snippet of Article: "...feature in the Social Security benefit formula that makes the critical calculation of an individual's initial Social Security retirement benefit (which is linked to the year that workers turn age 60) is sensitive to economic recessions. Known as the average wage index (AWI)..."

Source: Rocket City News

Social Security, Social Security COVID Correction and Equity Act,

Sunday, November 22, 2020

Born in 1960? Your Social Security Retirement or Disability Benefits Could Take a Hit

Born in 1960? Your Social Security Retirement or Disability Benefits Could Take a Hit

Snippet of Article: "...Roughly 4 million people born in 1960 could see a big drop in their Social Security retirement or disability benefits if Congress doesn't act to fix this year's glitch in how benefits are calculated. Like seemingly everything else in 2020, the pandemic is largely to blame..."

Source: www.aarp.org

will Biden help those born in 1960?,Social Security,Biden Legacy,Coronavirus,COVID-19,Pandemic,

Thursday, September 12, 2019

Sen. Warren wants to increase Social Security benefits my making wealthy pay fair share

Expanding Social Security

Snippet of Article: "...We need to get our priorities straight. We should be increasing Social Security benefits and asking the richest Americans to contribute their fair share to the program. For years, I’ve helped lead the fight in Congress to expand Social Security. And today I’m announcing a plan to provide the biggest and most progressive increase in Social Security benefits in nearly half a century. My plan: Increases Social Security benefits immediately by $200 a month — $2,400 a year — for every current and future Social Security beneficiary in America. Finances these changes and extends the solvency of Social Security by nearly two decades by asking the top 2% of families to contribute their fair share to the program..."

Source: medium.com

Monday, September 2, 2019

Retirement News: When Do I Stop Paying Social Security Tax?

When Do I Stop Paying Social Security Tax?

Snippet of Article: "...Whether you're salaried or self-employed, you must generally contribute throughout your entire working life. There are, however, a few exceptions..."

Source: www.investopedia.com

Sunday, August 25, 2019

Possible Relief from Social Security cuts for certain retirees (WEP)

Social security relief for federal retirees, and other bills to watch after August recess

Snippet of Article: "...Lawmakers have been trying for more than a decade now to address the Windfall Elimination Provision (WEP), a complicated relic from a 1983 law that reduces Social Security benefits for..."

Source: federalnewsnetwork.com

Tuesday, February 19, 2019

Support This Now: New Social Security Legislation Introduced

New Social Security Legislation Introduced

Snippet of Article: "...This looming problem is due to the cap on payroll taxes at $132,900, meaning each person only pays the 12.4 percent Social Security tax up to that amount, no matter how much income they earn. The vast majority of workers pay the full 12.4 percent on most of their income – Jeff Bezos, by comparison, pays about .00028 percent of his income. Sen. Sanders’s bill, first introduced in the Senate in 2017, would remove this cap, and require those making over $250,000 per year to pay full Social Security taxes. The bill also includes a new 6.2 percent tax on single people with investment income above $200,000 and couples above $250,000. In addition to keeping Social Security fully solvent, the bill would increase benefits for all Social Security recipients, provide higher cost-of-living..."

Source: www.apwu.org

Expand Social Security Act, Social Security, Bernie Sanders,

Thursday, April 7, 2016

Retirement Planner: Windfall Elimination Provision (WEP)

Retirement Planner: Windfall Elimination Provision (WEP)

Snippet of Article: "...A pension based on earnings not covered by Social Security can affect the amount of your Social Security benefit. We do not know whether you are eligible for such a pension, so the benefit estimates you have received may not have been adjusted for such a possibility.

Our Windfall Elimination Provision factsheet explains whether you might be affected.
How WEP Can Affect Your Benefit

If you think your pension will affect your Social Security benefit, you can

Look at our WEP chart to see..."

Source: www.ssa.gov

Sunday, February 21, 2016

Koch brothers to spend some $900 million to cut Social Security, Medicare, federal aid to education, and environmental programs through campaign donations/money says Sanders

Charles Koch agrees ...

Snippet of Article: "...'The Koch brothers – second-wealthiest family and extreme right-wing family – they also have one vote, but they are going to spend some $900 million in this campaign to try to elect candidates who will cut Social Security, Medicare, federal aid to education, and environmental programs,' Sanders said to students at George Mason University in November..."

Source: www.csmonitor.com

Koch brothers, Charles Koch, Social Security, Medicare, federal aid to education, environmental programs,

Tuesday, January 19, 2016

BERNIE SANDERS: Let me give you an idea of how corrupt this system is

Bernie Sanders to Hillary: Goldman Sachs Gave You Over $600,000 In Speaking Fees In One Year

Snippet of Article: "...The leader of Goldman Sachs is a billionaire who comes to Congress and tells us we should cut Social Security, Medicare, and Medicaid. Secretary Clinton, and you're not the only one, I don't mean to just point the finger at you, you've received over $600,000 in speaking fees from Goldman Sachs..."

Source: www.realclearpolitics.com

Congress, corruption, Social Security, Medicare, Medicaid, Hillary Clinton,

Thursday, August 23, 2012

Social Security of Federal retirees can be docked for unpaid student loans

Article Title: Feds Dock Social Security for Unpaid Student Loans

Snippet of Article: "...the federal government is withholding money from a rapidly growing number of Social Security recipients who have fallen behind on federal student loans. From January through August 6, the government reduced the size of roughly 115,000 retirees' Social Security checks..."

Source: socialsecuritynewsgroup.blogspot.com Social Security

Wednesday, November 30, 2011

Weakening of the federal retirement safety net

Article Title: Baby Boom Retirement: Financial Security Fades

Snippet of Article: "...it's vital to fend off any weakening of the federal retirement safety net..."

Source: www.theledger.com
federal retirement safety net, Medicare, Social Security,,

Monday, October 3, 2011

How are 'Federal Workers' going to protect their meager wages, Social Security, minimum wage laws and federal agencies against multi-billionaire ideologies?

Article Title: Koch Brothers Flout Law With Secret Iran Sales

Snippet of Article: "...In 1980, David Koch ran for vice president on the Libertarian ticket, pledging to abolish Social Security, the Federal Reserve System, welfare, minimum wage laws and federal agencies -- including the Department of Energy, the Federal Bureau of Investigation and the Central Intelligence Agency. ..."

Source: www.bloomberg.com
Social Security, the Federal Reserve System, welfare, minimum wage laws, Department of Energy, the Federal Bureau of Investigation, Central Intelligence Agency,

How are 'Federal Workers' going to protect their meager wages, Social Security, minimum wage laws and federal agencies against multi-billionaire ideologies?

Friday, July 31, 2009

bailout: Social Security?

Fortune's Allan Sloan takes a look at the troubled retirement program, why it's more important now than ever - and how lawmakers can repair it.
Article Title: The next great bailout: Social Security
Snippet from Article: "...According to the Tax Policy Institute, five out of six U.S. workers pay more in Social Security tax (including the employer's portion) than in federal income tax -- something that makes it especially important (and only fair) to preserve the program for lower earners, who get old-age benefits of up to 90% of their covered wages, while I get only 28%...."


Source: money.cnn.com

[tag]Federal,Government,Military,Retiree, [/tag]

Monday, June 29, 2009

Government Pension Offset Calculator


Article Title: Government Pension Offset Calculator
Snippet from Article: "...If you receive a pension from a government job in which you did not pay Social Security taxes, some or all of your Social Security spouse's, widow's or widower's benefit may be offset due to receipt of that pension. This offset is referred to as the Government Pension Offset, or GPO..."
Source: www.ssa.gov

[tag]Federal,Government,Military,Retiree, [/tag]