We Shouldn’t Have to Work Forever
Why raising the retirement age is a very bad idea.
retirement
Guide to Disability Benefits Under the Federal Employees Retirement System (FERS)
The Federal Employees Retirement System (FERS) is the primary retirement plan for federal employees. Congress created this plan in 1986 to replace the Civil Service Retirement System (CSRS), which had existed since 1920. FERS covers all employees who joined the federal service on and after January 1, 1987. One of the most important components of FERS is …
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Donald Trump Is Using the Coronavirus Crisis to Attack Social Security
Donald Trump’s proposal to cut the payroll contribution rate is a stealth attack on Social Security. Even if the proposal were to replace Social Security’s dedicated revenue with deficit-funded general revenue, the proposal would undermine this vital program. The proposal is a Trojan horse. It appears to be a gift, in the form of middle-class …
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Why Retirement Insecurity Is the New American Epidemic
The Dow Jones Industrial Average just dropped nearly 1,200 points in a single day because of the coronavirus’s impact on global trade, leaving many Americans sick with worry. It’s not just a rapidly spreading, mysterious disease that made Americans feel vulnerable. The Dow’s freefall erased millions of dollars from retirement accounts and exposed another kind of epidemic—retirement …
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Facing Retirement With Fear
Glen Heck spent 28 years sweating in a Campti, La., paper mill that he likes to say was “hotter than nine kinds of hell.” But now, Heck’s sacrifice may have been for nothing because his multiemployer pension plan is one of about 150 nationwide set to go broke. If that happens, the 78-year-old Heck will have …
NFL is working the refs to keep ex-players from claiming share of concussion settlement
This week, hundreds of men will see their childhood dream become reality at the 2019 NFL Draft. But, beneath all the tears and cheers, the pomp and circumstance, the National Football League and its lawyers are battling hard to deny benefits and compensation to the players who sacrificed their bodies and minds to build that …
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Teacher strikes close schools across Oklahoma and Kentucky
The red-state teachers rebellion that started in West Virginia continues to grow, with teachers in Kentucky and Oklahoma walking out on Monday after the Kentucky teachers shut down schools in nearly two dozen counties on Friday. In Oklahoma, dozens of school districts have announced closures for Monday, and many Kentucky schools are closed as well. The Kentucky teachers are protesting a sudden …
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Labor Department wants to reward financial advisors at the expense of consumers
The Labor Department would like to delay a rule that would require financial advisors to act in the best interest of their customers and their retirement accounts. The federal court filing, made on Wednesday, said the department wants to delay implementation of the rule to July 2019. The full implementation of the rule is currently …
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A Winning Week for Corporations and Wall Street—Paid for by Your Health and Retirement
Corporations and Wall Street won big last week, and working people will pay a high price for it. Here are three things Congress did for Big Business that will harm working people’s health care and retirement: 1. 7 million fewer people will get workplace health benefits. Last Thursday, the U.S. House of Representatives passed the so-called American …
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This week in the war on workers: Trump’s top attacks on workers … so far
The Economic Policy Institute’s Perkins Project “tracks actions by the administration, Congress, and the courts that affect people’s wages and their rights at work,” and as we get to the end of Donald Trump’s first 100 days, they’ve provided a list of the top 10 things he and congressional Republicans have done to working …
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