While the new law provides tax savings to many seniors who receive Social Security retirement benefits, it does not entirely eliminate taxes on Social Security income more…
TSP Changed the Lifecycle (L) Funds on June 30
The Thrift Savings Plan will now have eleven L Funds which are designed to help participants target the time when they’ll need their retirement savings more…
Seniors Group Urges Congress to Take Action on Social Security’s Projected Shortfall
According to the 2025 Social Security Trustees Report, the combined trust funds that pay retirement, survivor, and disability benefits are projected to fall short of fully covering payments by 2034 more…
$2400 Increase in Social Security Benefits Proposed
If passed, the Social Security Expansion Act would also ensure the long-term solvency of Social Security for 75 years more…
Update on Implementation of Repeal of Social Security’s WEP, GPO
The Social Security Administration (SSA) has issued updates on the progress of the implementation of the Social Security Fairness Act which repealed the Windfall Government Provision (WEP) and the Government Pension Offset (GPO). The updates answer questions of when beneficiaries will see their benefits increase, how many months of benefits they will receive, and issues regarding Medicare premiums more…
Update to Proposed Federal Retirement Benefits Cuts
The changes affect several provisions in legislation approved by the House Budget Committee, including an increase in FERS employee pension contributions, elimination of the FERS annuity supplement, and changing the method of calculating federal retirement annuities for new retirees more…
2025 OPM Retirement Booklet Now Available
The booklet gives an overview of your retirement benefits, CSRS or FERS annuity information, and survivors benefits and annuity information more…
RSC Provides Details of Cuts to Federal Employee Benefits in House Budget Proposal
The proposed cuts include an increase in FERS employee pension contributions, elimination of the FERS annuity supplement, changing the high-3 years average salary to high-5 years for measure of pay used to calculate FERS (and CSRS) benefits, and FEHB eligibility audits more…
OPM to Launch Digital Retirement Application Processing System in June 2025
The Office of Personnel Management (OPM) announced Wednesday that a new digital retirement processing system… more…
How to Check the Status of Your Federal Income Tax Refund
This IRS online tool is a convenient way to check the status of your federal income tax refund. Here’s what you need to know more…