APWU: COLA Updates for FERS, CSRS, SS and FECA

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…

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Social Security Announces 1.3% Increase for 2021

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…

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APWU Pittsburgh Retiree Record – October 14, 2020

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,…

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APWU Pittsburgh Retiree Record – October 1, 2020

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

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USPS elects not to implement payroll tax deferrals

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…

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Social Security Announces 1.6 Percent COLA for 2020

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…

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USPS Retiree E-Newsletter – September 2019

10 Things about Social Security September is World Alzheimer’s Month USPS financial results for FY 2019’s third quarter Source: KeepingPosted – Information for USPS Retirees

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APWU Pittsburgh Retiree Record – January 1, 2018 Edition

Via John P. Richards, President – Pittsburgh Area Retiree Chapter of the APWU: Excerpt: Looking ahead, antics of the Trump administration and the rubber stamp Congress will test us in areas of importance to retirees. It is being reported that the so-called tax cut that likely will be adopted as this is being written is…

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