Social Security
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After reviewing the policy's impact on the organization and workforce, the U.S. Postal Service has decided it will not implement the president's payroll tax deferral, USPS announced Tuesday.
September 23, 2020 -
The modern day equivalent of a panic-starter is to bring up the subject of the Government Pension Offset or Windfall Elimination Provision to retired federal or state government employees, or their spouses.
September 23, 2020 -
Federal News Network has created a calculator to help you estimate how much you'll receive in deferred payroll taxes between September and the end of the calendar year -- and how much you can expect to pay back in 2021.
September 15, 2020 -
The Office of Management and Budget has at last issued written guidance on the president's upcoming payroll tax deferral for federal employees and military members. But if employees are expecting answers, they'll come up with few definitive details.
September 11, 2020 -
The deferral plan won't save anybody one dollar and will come back to bite people who spend their windfalls
September 11, 2020 -
Fortunate federal retirees, like people who get Social Security, usually get a catchup-with-inflation increase in their benefits the first of each year.
September 03, 2020 -
All federal providers are working to implement the payroll tax deferral policy President Donald Trump announced earlier this month in an executive order, the administration said Monday. The policy should be in place for federal employees by the second pay period in September.
August 31, 2020 -
When they eventually retire, 99% of all current federal-postal workers will depend on their Thrift Savings Plan to provide a substantial portion of their future lifetime income.
July 16, 2020 -
A lot of people who retired last year or earlier this year probably wish they hadn’t. Most are living on less.
July 08, 2020 -
While most feds oppose WEP and GPO, today’s guest columnist said he’s looked at the background, crunched the numbers and in his opinion they are fair.
June 02, 2020 -
Given the impact of the pandemic on the economy, and on prices, it is unlikely that retirees who get cost of living adjustments most years will be getting a COLA in January 2021.
May 27, 2020 -
Although looking back on the first couple of months of 2020 might seem like the Good Old Days, benefits expert Tammy Flanagan said, “It was already destined to be pretty rocky” being an election year and all. But, then, of course, came the coronavirus pandemic.
May 14, 2020 -
Windfall Elimination Provision and Government Pension Offset cost millions of federal and public employees even more millions in dollars of benefits.
May 13, 2020 -
Time in grade and in government doesn’t automatically mean you will be able to maintain a reasonable standard of living once you’ve traded your biweekly pay check for a monthly annuity.
April 29, 2020 -
Now that the shock of the stock market correction has settled in, federal retirement benefits specialist Tammy Flanagan said it imperative to calculate what your net retirement annuity income with be.
April 01, 2020