A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...Social Security recipients will see a 2.5 percent increase in their monthly checks next year, the federal government announced Thursday. It’s a smaller hike than in recent years..."
Article Excerpt: "...The average monthly annuity payment for a Federal Employees' Retirement System (FERS) retiree in 2023 is $2,126. This does not include income from Social Security or the Thrift Savings Plan (TSP). FERS benefits are calculated by multiplying a retiree's "high-3" average salary by their years and months of service. If a retiree was at least 62 years old when they separated and had at least 20 years of service, their annuity is 1.1% of their "high-3" average salary. ..."
Article Excerpt: "...The House is on the cusp of taking a major step toward the elimination of the Windfall Elimination Provision and the Government Pension Offset.
While finally putting a knife in the heart of the WEP/GPO still will take an act of the Senate, congressional support may be coming at the perfect time. ..."