Legislation would end cuts to certain retirees' social security – News 3 WTKR Norfolk
NORFOLK, Va. — Congress passed the Social Security Fairness Act, repealing two provisions of the law that caused some government retirees to face reductions in their Social Security benefits. One is called a government pension offset and the other is called a windfall elimination clause. “This is a huge victory,” said Chuck Brewer, a former […]
New Findings Show IRAs And 401(k)s Contribute Less Than 20% Of Retirees' Income – Yahoo Finance
New research shows IRAs and 401(k)s contribute less than 20% of retirees' income Retirement savings plans like IRAs and 401(k)s are often touted as important tools for staying safe. Financial security after retirement. But new research from the Employee Benefits Research Institute (EBRI) reveals that these accounts play a surprisingly limited role in retirees' total […]
Retirees' Pensions Were Restored. Debate About It Hasn't Died. – The New York Times
Kathy Greene never paid much attention to what was happening in Congress. But when she learned that her pension would be cut by up to 30% under federal law, she became concerned. Green, who lives in Lake Stevens, Washington, applied for benefits in 2015 after plan participants warned her plan could fail. Her pension was […]
