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May 20, 2024

Federal Employee Retirement and Benefits News

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Social Security Benefits Might See the Largest Increase Since 1983

Seniors and disabled workers may see the largest increase in Social Security payments in decades next year due to high current inflation rate. According to a Bank of America analyst’s report, beneficiaries' payouts may climb by 5.8% in January 2022, the largest increase since 1983. That’s also a significant rise above the 1.3% boost to...Read More

How You Can Avoid Taxes on Your Social Security Benefits

Millions of seniors now receive Social Security benefits, and for some of them, it is their sole source of income. However, many seniors are surprised when they find that Social Security benefits (like other forms of income) are taxed. And that alone may be a significant financial blow. The good news is that a single...Read More

Another Social Security Scam Identified

A New Orleans woman, Myrna Shiloh, has recently admitted that she forged her dead grandmother’s signature in order to keep receiving her social security checks. She may now have to spend 10 years in jail because she has embezzled funds from the SSA and used the money reserved for her grandmother’s social security for 16 years. The Long Running

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Federal government and the 7 trillion pension problem

We have talked long and hard about the fact that the US government hasn’t got enough money to give to retirees. Moody which is a credit rating agency has said that the federal government and the local, state governments are approximately 7 trillion dollars short when it comes to funding regarding pension payments. FEDERAL GOVERNMENT

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