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

What is a Minimum Retirement Age (MRA) plus 10 annuity under the Federal Employees Retirement System (FERS)?

Article Title: What is a Minimum Retirement Age (MRA) plus 10 annuity under the Federal Employees Retirement System (FERS)?

Snippet of Article: "...This is a provision that allows you to retire with benefits beginning immediately if you have ten years of service and have reached the Minimum Retirement Age..."

Source: www.opm.gov

pending legislation to increase employee contributions toward annuity benefits

Article Title: Thrift Savings Plan: Groups ask about retirement benefits changes

Snippet of Article: "...Several members of the council raised concerns about pending legislation to increase required employee contributions toward annuity benefits in the Federal Employees Retirement System and the Civil Service Retirement System. Last week, a House committee approved a bill to raise those contributions by 5 percent of salary..."

Source: www.washingtonpost.com Federal Employees Retirement System, Civil Service Retirement System,

Retiring early without penalty

Article Title: Retiring early without penalty
Snippet of Article: "...Q: a federal employee covered under the Federal Employees Retirement System, and at age 49 will have just over 30 years of service with my military time that I bought back. Can I retire without penalty by postponing or deferring my annuity until my minimum retirement age of 56 years and 2 months,..."

Source: federaltimes.com

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

Senators seek to add workforce provisions to Defense bill

Article Title: Senators seek to add workforce provisions to Defense bill
Snippet from Article: "...move federal employees in Alaska, Hawaii and the U.S. territories from cost-of-living-adjustments to the locality pay system that applies to workers in the contiguous United States. It also would let civil servants in the Federal Employees Retirement System count unused sick..."
Source: www.govexec.com

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

Federal pay and benefits provisions missing from Senate bill

Article Title: Federal pay and benefits provisions missing from Senate bill
Snippet from Article: "...The House approved measures that would allow workers under the Federal Employees Retirement System to count unused sick leave toward their retirement annuities..."
Source: www.govexec.com

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