2023 COLA Update: 8.7% is Best Bet. Plus, WEP and GPO Finally Done For?
Social Security news: 2023 COLA looking like 8.7% + legislation to eliminate the WEP and GPO makes it out of House committee.
Federal Retirement Benefits
Information for Federal Employees about their Social Security Benefits
Social Security news: 2023 COLA looking like 8.7% + legislation to eliminate the WEP and GPO makes it out of House committee.
This week on the FEDLIFE Podcast, Dan Sipe is joined by Ed Zurndorfer to explain the economic impact that can happen when a spouse passes away.
Will the WEP and GPO finally be eliminated? Legislation first introduced in 2021 is receiving push from Congress to see that the bill receives a vote.
Social Security benefits are a crucial component to a fed’s retirement under FERS. Here are 5 things to keep in mind about your retirement income.
In this episode, Dan Sipe and Ed Zurndorfer unpack each benefit while detailing everything you need to know about how the OPM calculates your annuity supplement.
Updated inflation numbers suggest largest COLA since 1981 saw 11.2% – and 2023’s Cost-of-Living Adjustment (COLA) could get even higher.
Current estimates have the 2023 COLA between 7.3% and 10.8% - indicating it could be the largest COLA for Social Security, FERS, and CSRS since the early 1980s.
Three pointers to make sure you don’t get less social security income than you’re entitled to in retirement.
With inflation still rising, the 2023 COLA might be one of the biggest since 1982.
Designed to supplement Social Security benefits until age 62, the FERS Supplement helps some feds retire earlier. But it is subject to the earnings test, limiting how much income it…