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Great video!! Well said!! ❤❤

Does this plan apply to a Calstrs retiree of 2012 who also gets social security?

I have 30 years of service but I am only 53 years old. Will I get the supplement and when would it start?

What stinks is i need 3 more years for age and 3 more years for TIS to reach the minimum requirement. Hopefully, the program is introduced across all federal agencies and for the next 5 years

I just got promoted from gs 11 step 3 to gs12 after the new year. My paycheck increased $200. What a joke lol might as well follow my dreams

If the Vera is accepted by someone who turns 50 this year with 29 years in do they still get the supplement? I'm confused ?

I don't know if our special supplement is different with the post office, but they have assured us that if we take the VERA; we WILL receive the srs BEFORE we reach our mra.

I just talked to TSP, and they told me there is nothing I can do to stop the 20 percent they take, I can talk to a tax lawyer and maybe get my money back next year

They taxed our pay when we deposited it and they tax it again after we take it out and count it as income and tax it again. Burn it down.

Fantastic video! Thank you!

You mean if I go at 54, with 21 years in, I'd get the supplement from age 57 to age 62? Hmm... I thought I got the supplement from 60 to 62...

Just be aware of how close to the 10% bump to FERS you are. Typically the 62years old + 20 years of service

If I retire overseas but will continue my health insurance (GEHA) ... is the "High Deductible" the best plan? Regular health care where I will be is very inexpensive. Also, once I turn 65 is the High Deductible the best plan to have with Medicare overseas?

Just offer me health insurance at the current rate and I’m out

I hit 25yrs this August and I'm a brand new empty nester. Hoping VERA/VSIP is offered at my agency. Ready for a change.

Have to wait until mra to get fers supplement

My organization offers 40k buyout

I am trying to find a reason to stay with the standard FEHB Aetna plan that I have been on since retirement instead of changing to the Aetna MA plan now that I am turning 65. Seems like there are no advantages to staying with the original FEHB Aetna plan. Am I missing something? Is it really that simple? All my doctors take both.

Thank you! This is great information!

Do you think the VSIP will be increased from the current 25K? If I can get the VERA and a VSIP, it will be Adios Elon for me.

what about military retirees???

Will this law effect railroad retiree widower that otherwise would have had his wife's SSD deducted from tier 1 if I were to file for it?

Great video! Took early retirement from PO in 09 with a $15k buyout (which after deductions came to just over $9K) but hey - that place was a zoo, so no regrets! Take Care!

I worked for 32 years and paid into social security with a pension all those years. Now you’re saying it doesn’t effect individuals on the FERS system unless it has a CSRS component? WHAT!!!

Thank you for making these informative videos. I am praying we get VERA at my agency. I have the age but not the 30 years. I will be first on line if it is offered. I do not want any part of the circus show that is coming back to town

We don't care about public service workers

I am 57 with 40 years of government service🤔 Would my supplement be this? 40 divided by 40=1 1 x $1,600.00=$1,600.00🤔 i would get this monthly until i reach the age of 62 is this correct?

This will rightfully cost democrats in the future since its anything but fair . Letting public employees get two pensions for working the same number of years as private sector workers is a complete ripoff ! I've worked 30 jobs in the last 45 years . Two of these jobs were for over 10 years each . So why cant I get two social security checks ....one for each 10 year long job ? It works for public employees right ? The only way we can fight this self serving rampant greed is to work under the table . F$$k these government scavengers ! They ain't the only ones who can look out for themselves at the expense of others ! Let's face it when a person works 10 years the social security benefits are half the size as the person who contributed for 50 years ! This key fact plays right into the hands of self serving public " employees " . They " retire " from their government jobs in their 40's and 50's and go work private sector for 15 years . Collecting a social security check neRly the same as the private sector worker who put in 50 years PLUS the fat gov pension ! This is not one bit fair and the self serving thieves know it !

Hopefully they give you the option to pay the taxes out of pocket and roll the entire balance.

Transfer it over to Vanguard IRA in VTI.

I’m a civil servant with a defined benefit plan (pension) and I started out with very low wages but I stuck with it since the benefits were pretty good (thanks to the union). I have enough SS credits (prior military) and wanted to work part time to raise my SS benefits but because of WEP they would have just decreased my SS payments. Now with the repeal it’s makes sense for me to take a part time job to add to the retirement savings on Social Security so I can eventually retire with a livable income.

Soc. Sec. benefits were designed to provide a range of benefits in proportion to our average earnings. The 3-tiered benefit formula provides a sliding range from 90% of average earnings for those living in poverty down to about 35% for the highest earners. The reason benefit windfalls exist is because non-covered earnings are not reported to the Soc. Sec. Administration so they are not considered when calculating the Soc. Sec. benefit. For example, someone with average covered earnings of $6,000/month will receive about 42% of that in Soc. Sec. benefits at full retirement age. But someone with average non-covered earnings of $5,000/month and average covered earnings of $1,000/month will receive 90% of the covered earnings as a Soc. Sec. benefit, so a 48% windfall exists because of the way the 3-tiered formula is designed and the fact that non-covered earnings are not considered. The Soc. Sec. system was designed to replace about 40% of our average earnings in old age, but the benefit formula had to be designed with three tiers of earnings levels so those living in poverty would have enough benefits to sustain life in old age. The tiers are adjusted for inflation every year, but the 1st tier covers about the first $1,000/month of earnings today and uses 90% of those earnings to calculate the monthly Soc. Sec. benefit. As such, if a person's lifetime average earnings is only $1,000/month today, they will likely not have savings, and could not live on 40% of $1,000, but should be able to live on 90%, which is $900/month in this case. The 2nd tier drops way down to 32% applied to about the next $5,500, so the overall % starts dropping quickly towards 40% as earnings increase. The 3rd tier uses 15% on the highest earnings, which will bring the overall Soc. Sec. benefit down to about 35% for the highest earners. The intent of the Soc. Sec. Act of 1935 has always been to provide the most benefit to those with the most need (calculated as a % of their average indexed monthly earnings). However, after Nixon allowed entities to opt out of paying Soc. Sec. taxes, we ran into a windfall situation for those with mostly non-covered earnings but also enough covered earnings to qualify for a Soc. Sec. benefit. Since the covered earnings in these cases rarely get above Tier 1, the Soc. Sec. formula pays them 90% of their covered earnings even though they contributed far less Soc. Sec. taxes than the vast majority (see examples below) and would receive closer to 40% if all earnings (non-covered and covered) could be considered when calculating the intended Soc. Sec benefit % to use on their covered earnings. The WEP and GPO were used to get Soc. Sec. benefits closer to the intent of the Soc. Sec. Act of 1935 when non-covered earnings were involved. This was very similar to the percent reduction all others receive as average earnings increase. A true Fairness Act would require all non-covered earnings to be reported to Soc. Sec. so they could be used to arrive at the appropriate benefit % for the true earnings level, and then use that % on the average indexed monthly Soc. Sec. earnings. Nearly all the computer programming for this already exists at Soc. Sec. since they already track the Medicare earnings for the non-covered entities that use Medicare. With a little additional programming, those earnings could be used to calculate the appropriate Soc. Sec. benefit percentages so everyone receives the proportional amount intended by the Soc. Sec. Act which provides the highest % of earnings to those in the most need as measured by their highest 35 years of earnings. Consider someone who worked in a covered position for 10 years and a non-covered position for 37 years. If they earned $10,000/year from 1978 to 1987 they paid a grand total of $5,416 in Soc. Sec. taxes (5.05% to 5.7%) in those ten years. Soc. Sec. will index the $100,000 of earnings to bring them to today's value of $467,833. Then, they divide $467,833 by 420 months to get the average indexed monthly earnings of $1,113. Finally, the Soc. Sec. benefit will be 90% of that, or $1,002/month, and this person also receives a non-covered pension of $6,000/month (which varies by non-covered entity and earnings), so not living in poverty. In contrast, someone with maximum Soc. Sec. taxed earnings over the same 47 years, paid $233,251 in Soc. Sec. taxes and will receive $4,018/month at full retirement in 2025 (which is 35.4% of their average indexed monthly earnings). Also worth noting, employee contributions to Soc. Sec. started at 1% of earnings and increased fairly steadily until it reached 6.2% in 1990, but it hasn't increased since then. To avoid reducing benefits for everyone, we should likely expect an increase in the Soc. Sec. tax rate, an increase in the earnings limit it applies to, and/or increasing the full retirement age.

Personally I think this is horrific they giving people who get two checks a month more money another social security people who only get $1,000 a month don't get a f****** penny for the past 4 years disgusting

The 2.5% COLA for 2025 provides a modest increase in benefits for Americans receiving Social Security and SSI payments, helping to offset the rising cost of living and inflation. This increase offers essential financial relief for vulnerable populations like retirees.

Thank You Lord!! 🙌

No more government pension plans paid for mostly by taxpayers.

Does this affect people on SSDI?

So now no one will have any Social Security in less than 6 years. Enjoy the increase now I guess?

BS!🤣😆🤣😆🤣

How was it double dipping when they took it out of our checks. I've been retired 8 years now and denied much of what I put in to social security for 23 years. WEP and GOP were wrong.

Hi. Would you mind explaining the cons of retiring before 62 with more than 20 years? I’m a fed and if I retire at age 60 I will have worked 28 years. If I retire at that point, can I get the 1.1% bump? If not, if I quit and don’t draw retirement until age 62 can I get the 1.1%bump? Or should I just suck it up and work to 62? I’ve tried googling, but the info out there is confusing. You might want to a video on it, using examples 😊

Thank goodness

This does not apply to me although I am a school system retiree!

Good information first watch

THANK GOD FOR ALLOWING THIS BILL TO PASS, NOW I AM PRAYING THAT GOD WILL 🙏 TOUCH THE HEARTS OF THE MEN IN CONGRESS THAT THEY 🙏 WILL GET THIS MONEY TO THE PEOPLE WITHIN 3 TO 6 MONTHS, OR SOONER, THEY SHOULDN'T HAVE TO WAIT THIS LONG, 🙏 I THINK WE HAVE WAITED TO LONG AND LONG ENOUGH. BUT I OUT IT IN GOD'S HANDS AND EXPECT A 🙏 MIRACLE FOR THE AMERICAN PEOPLE, THE ILLIGAL IMMIGRANTS HAD THEIR PAYDAY, NOW IT'S TIME FOR THE HARDWORKING AMERICAN SENIOR CITIZENS TO HAVE THEIR LONG OVERDUE PAYDAY. GOD BLESS TRUMP AND HIS FAMILY AND GOD BLESS AMERICA. GOD HELP PRESIDENT TRUMP MAKE AMERICAN GREAT AND RIGHTEOUS AND HOLY AGAIN. 🙏 🙏 🙏 🙏 🙏 ❤❤❤❤❤ 😇 😇

I PRAY TO GOD, ALL WHO IS DUE THIS MONEY WILL GET IT SOONER 🙏 THAN LATER, SO THEY CAN ENJOY AND BENEFIT FROM IT WHILE THEY ARE STILL ABLE TO ENJOY IT, BUT IF THEY ARE NOT AROUND, I AM SURE SOME OF THEIR CHILDREN AND FAMILY WILL BENEFIT FROM IT. SO MAKE SURE YOU ARE RIGHTEOUS, BECAUSE THE BIBLE SAYS THE WEALTH AND RICHES OF THE WICKED IS STORED UP FOR THE RIGHTEOUS. THIS IS FOR ALL, BLACK, OR WHITE, MALE OR FEMALE, RICH OR POOR, GOD IS NO RESPECT OF PERSONS. JUDGEMENT WILL COME TO THE WICKED. THE MONEY WILL COME, BUT YOU MAY NOT BE AROUND TO ENJOY IT. ( Just something to think about.). 😢😮 🙏

With the next republican regime coming in, I doubt any of those recipients will ever see that money. In fact I foresee a total elimination or major cuts to our benefits. I want to thank all those who voted against our financial interest by voting for trump. Fools

Only for people that worked public servant jobs I guess there jobs and pensions matter more then the rest of us that rely on just SS nobodys job is above anothers I dont care what you do let them live on 1368 month after working 47 hard labor jobs oh I have no medical either its the UNFAIRNESS ACT MY opinion

This was explained very well. However the government shouldn't called this Social Security Fairness Act because it's not. Some of us County workers had no choice and was forced not to pay into social security in the early 80's. So, I ended up with 37 credits and retired with 37 years of service. So, this doesn't apply to people with less than 10 years you must have 40 credits. So unfair. In order for me to complete my credits I would have to get a job that pays into Social Security in order to complete my 40 credits. What I want to know the money that I did contribute where did that go? This sound like a government class action law suit!

While the rest of us get shafted, with double taxation of social security, low-balled COLAs, and a tax table that hasn't been adjusted for inflation in decades! The new law, is just another nail, in the imploding social security Ponzi Scheme.