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In 2023, seniors on Social Security saw their benefits rise by 8.7% as one of the most generous cost-of-living adjustments, or COLAs, arrived in the midst of soaring inflation.
Since then, the reintroduction of this bill has been a strong initiative by these two legislators. Unfortunately, FERS retirees receive a smaller COLA adjustment than federal retirees under CSRS ...
As many as 2 million private sector employees in the state, or 1 in 3 workers, have no access to retirement plans at their workplaces, according to John Scott, project director for retirement at ...
Social Security will play a major role in your retirement plan. With the Social Security Administration projecting shortages by 2035, the middle class must have a backup plan. Currently, Social ...
The Civil Service Retirement System ( CSRS) is a public pension fund organized in 1920 that has provided retirement, disability, and survivor benefits for most civilian employees in the United States federal government. Upon the creation of a new Federal Employees Retirement System (FERS) in 1987, those newly hired after that date cannot ...
Congressional pension is a pension made available to members of the United States Congress. As of 2019, members who participated in the congressional pension system are vested after five years of service. A pension is available to members 62 years of age with 5 years of service; 50 years or older with 20 years of service; or 25 years of service ...