Typical healthy 65-year-old couple retiring in 2021 should anticipate spending 68% of their Social Security income on healthcare alone
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Resource: www.stltoday.com
A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
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Article Excerpt: "...groups say the increase doesn’t go far enough. Biden wants to ramp up discretionary funding for the Social Security Administration in his proposed 2023 budget by $1.8 billion..."
Article Excerpt: "...Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. Since that time, new Federal civilian employees who have retirement coverage are covered by FERS. FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Plan (TSP). Two of the ..."
Article Excerpt: "... aligns retiree healthcare with the best practices in the private sector that lower premiums for NPMHU members and our fellow postal employees as well as safeguarding benefits..."