Seniors Push for Enhanced Social Security Benefits Through New Legislation

Philadelphia, Pennsylvania—Seniors across the United States are facing financial challenges as their Social Security benefits fail to keep pace with rising costs. A recent analysis revealed that retirees have seen a significant decrease in purchasing power over the past two decades, with a 36 percent loss in 2023 alone, marking one of the biggest drops since 2000. As expenses like healthcare continue to increase, many seniors are struggling to make ends meet with inadequate benefits. …

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Thrifting Savings Plan Peaks in 2023 with Enhanced Retirement Contributions and Assets

Washington, D.C. – The Federal Retirement Thrift Investment Board had a successful 2023 in terms of making progress toward the long-term strategic goals for the Thrift Savings Plan. With more TSP participants than ever contributing enough to their retirement accounts to receive a full match from the government, the board saw a record high of 86.8% of feds in the Federal Employees Retirement System (FERS) and 84.9% of active-duty military members in the Blended Retirement …

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