Benefits Archives - DR News - News, Retirement, Finance

ASEAN Introduces Regional Guidelines for Migrant Workers’ Social Security Benefits

Bangkok, Thailand – The Association of Southeast Asian Nations (ASEAN) has established regional guidelines on the portability of social security benefits for migrant workers, a crucial step towards addressing the rights and welfare of migrant workers in the region. The new guidelines, developed through collaboration with the International Labour Organization (ILO), aim to ensure that migrant workers can continue to access social security benefits when moving within the ASEAN region. This is a significant achievement …

Health Insurance Mistakes: What You Need to Know About Your Benefits – UCnet

Los Angeles, CA – University of California employees are in for health benefits adjustments that may impact their lives. New updates about their health plans will be essential for them to understand the changes coming their way. The University of California system is planning to modify health benefits for its employees, covering various topics such as medical and dental plans. These alterations are expected to affect how employees access and utilize their health benefits moving …

Taxable Social Security Benefits Explained: How to Avoid Unexpected Federal Taxes

Monterey, California – Many retirees who began collecting Social Security benefits recently may have been surprised to discover that these benefits are subject to federal taxation. This has left many individuals feeling frustrated, as they feel they are being taxed twice on the same income for the contributions they made over the years. Understanding the tax implications of Social Security benefits is crucial to avoid unexpected tax bills come tax season. One key aspect to …

Social Security: The Optimal Age to Maximize Your Benefits

Seattle, Washington – Deciding when to start taking Social Security benefits is a crucial financial decision that can impact your income for the rest of your life. It’s important to carefully consider all factors before making this choice, especially if Social Security will be a significant part of your retirement income. The optimal age to claim Social Security benefits varies from person to person, depending on individual circumstances. Research can provide valuable insights into the …

Supplemental Security Income (SSI) Payment Schedule for Remaining Months in 2024: Know When to Expect Your Benefits

Los Angeles, California – As the new month begins, the Social Security Administration in the United States delivers various benefits to retirees, including the Supplemental Security Income (SSI). This additional payment is not exclusive to retirees but often accompanies their retirement checks. Typically, Supplemental Security Income (SSI) benefits are distributed on the 1st of each month, with occasional exceptions. While some months may see double payments of this benefit, April is not one of them. …

Retirement: Maximizing Social Security Benefits at 65 and Older

Los Angeles, CA – Retirement is a vital phase in the lives of senior citizens, as they look forward to a secure income after years of hard work. The American Government ensures that individuals over 65 receive the necessary assistance through the Social Security program. However, the process of applying for Social Security retirement benefits requires careful examination and thorough investigation to ensure a comfortable retirement. Many individuals are eager to maximize their monthly benefits …

Social Security Clarity: Misunderstood Topics That Could Impact Your Benefits

Cleveland, Ohio – Many adults may not be fully aware of when they will become eligible for Social Security benefits, according to a recent survey. Understanding the nuances of Social Security can be confusing for many, as evidenced by the lack of knowledge among adults over 50 regarding various benefit options. One common misconception is the impact of continuing to work while receiving Social Security benefits. Claiming benefits before reaching full retirement age can result …

OPM Enforces New Measures to Ensure Integrity of Federal Health Benefits Program

WASHINGTON, DC – The Office of Personnel Management has introduced new measures aimed at safeguarding the Federal Employees Health Benefits Program for family members of federal employees and retirees. The initiative outlined by OPM Associate Director Lore Bodenheimer seeks to enhance the integrity of the FEHBP following reported gaps in determining eligibility and potential improper payments ranging from $500 million to $3 billion annually. In response to these findings, federal agencies will be required to …

Social Security error leads to deduction of Maryland woman’s retirement benefits

Baltimore, Maryland – A Social Security user in Maryland found herself dealing with a frustrating situation after an overpayment error on her deceased brother’s account began impacting her own retirement benefits. Everlon Moulton, a senior resident of Maryland, shared the ordeal she faced due to an old mistake by the Social Security Administration. Following the error, the administration started deducting $233 monthly from Moulton’s payments, causing a significant financial strain. The issue arose when Moulton’s …