March 9, 2023 Sens. Sherrod Brown (D-OH) and Susan Collins (R-ME) reintroduced the bipartisan Social Security Fairness Act (S. 597) in the Senate on March 1. The bill, which is identical to legislation introduced in the House (H.R. 82) in January by Reps. Garret Graves (R-LA) and Abigail Spanberger (D-VA), would repeal the Government Pension…
Based on the increase in the Consumer Price Index (CPI-W) from the third quarter of 2021 through the third quarter of 2022, Social Security and Supplemental Security Income (SSI) beneficiaries will receive an 8.7 percent COLA for 2023. See 2023 Social Security Changes – Fact Sheet
FERS COLA After the second quarter of 2021, the third quarter for the 2022 COLA adjustment period, the quarterly average has increased by 4.1%. The 2022 FERS retiree COLA is based on the third quarter (July, August, September) average CPI-W index (1982-84=100) in 2021 over the 2020 third quarter average. However, if the CPI-W quarterly…
Press Release – October 13, 2020 Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3 percent in 2021, the Social Security Administration announced today. The 1.3 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 64 million Social Security beneficiaries in January 2021. Increased payments…
Via John P. Richards, President – Pittsburgh Area Retiree Chapter of the APWU Excerpt: FOR POST OFFICE UNION RETIREES, THESE ARE THE STAKES Unless Biden/Harris wins, the Postal Service will be privatized, thus the Union will be attacked and lost Unless Biden/Harris wins, Social Security will be decimated and destroyed by 2023* Unless Biden/Harris wins,…
Via John P. Richards, President – Pittsburgh Area Retiree Chapter of the APWU In this issue: Is Medicare and Social Security Doomed? My Two Cents How Secure is Our Pension? Get Out The Vote Pittsburgh Retiree Record – October 1, 2020
The Postal Service is providing employees with information about an optional deferral of payroll taxes for workers. President Donald Trump recently issued a memorandum instructing Treasury Secretary Steven Mnuchin to allow employers to defer the collection of the employee portion of Social Security payroll tax between Sept. 1 and Dec. 31. This would not constitute…
Press Release – October 10, 2019 Social Security Announces 1.6 Percent Benefit Increase for 2020 Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020, the Social Security Administration announced today. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63…
