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Social Security Fundamentals - Government Executive
Although this article is written specifically for Federal employees and retirees, nearly all of the points discussed apply as well to the general senior population. The one exception is the paragraph which mentions the Government Pension Offset (GPO) which affects only those retired under the old Civil Service Retirement System which was replaced in 1987. All of the remaining points – average SS payment; working when collecting early benefits; spouse benefits; full retirement age definition; extent of reliance on Social Security, etc., all discuss general Social Security information applicable to all beneficiaries. Thus, this article is of interest to all those eligible for, or who will become eligible for, benefits under the Social Security program, America’s most important retirement plan. Click here to find out what you need to know about Social Security, especially as a Federal employee, as discussed by Tammy Flanagan in the Government Executive publication.
Also, if you’re unsure about how these basics apply to you, or if you have any questions about your individual situation under Social Security, note that the AMAC Foundation provides a free-to-the-public service to help Americans navigate the complexities of this program. Learn more about it here…