Anchorage, Alaska – Acting U.S. Attorney Kevin R. Feldis announced today that Amancio Zamora Agcaoili, Jr. was sentenced by U.S. District Court Judge Sharon L. Gleason to federal prison after pleading guilty to ten counts of wire fraud, theft of government funds, Federal Employees’ Compensation Act fraud, and social security fraud. Agcaoili, 57, was sentenced […]
First Social Security check: Jan. 31, 1940 A former Vermont legal secretary named Ida May Fuller becomes the first person to receive a monthly Social Security check from the U.S. government. That first check, stamped with the number 00-000-001, was for $22.54–or about $350 today. In the three years prior to her retirement, the woman known to friends as “Aunt Ida,” […]
1.16.2015 GREENSBORO, N.C. – United States Attorney for the Middle District of North Carolina Ripley Rand announced today that a former United States Postal Service employee has been indicted by a federal grand jury for allegedly (1) committing Social Security fraud, (2) committing identity theft, and (3) committing the unauthorized use of an access device […]
12.18.14 The Mail Handlers Union reported: In a new development on the earlier data breach at the Postal Service, USPS has now sent individual letters to another group of employees who may have had personal information compromised. USPS informed us that a large number of Workers Compensation records were “possibly” compromised, in some cases including […]
From various news sources COLA increase =$22 The U.S. government will raise benefits for Social Security beneficiaries by 1.7% in 2015, the Social Security Administration said today. This is the third consecutive year in which the increase will be under 2%. The agency said it expects to send out checks to about 64 million people […]
Why some Senior Citizens simply refuse to retire? For these seniors, the best retirement is not to retire. From a 102-year-old Wal-Mart worker to an activist park ranger, these workers have stayed on the job well into their golden years. Name: Loren Wade Age: 102 At 102 years old, Loren Wade is one of the […]
(08/19/14) In July 2014, the Consumer Price Index (CPI-W) fell slightly to 698.580. The sixth COLA adjustment under the 2010 National Agreement is: Per Annum: $686.00 Per Pay Period: $26.40 Cents Per Hour: 33¢ The first and third COLAs were effective March 9, 2013 (pay period 07-2013, pay date March 29, 2013) and totaled $207.00 […]
The Social Security Board of Trustees today released its annual report on the long-term financial status of the Social Security Trust Funds. The combined asset reserves of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds are projected to become depleted in 2033, unchanged from last year, with 77 percent of benefits still payable […]
With only four months left in the inflation-watch countdown, retirees who get automatic cost- of-living adjustments are due an increase of at least 1.69 percent next January. That COLA will be higher if living costs measured by the government increase this month, or in July, August or September. The precise amount of the 2015 retiree […]
Here is an interesting article on retirement from May 2014: During his 26 years at a packaging company in Charlotte, N.C., Pat Baines climbed the ladder to become plant manager and then a vice-president. When a new company took over and asked Pat to transfer to a job in California, he chose early retirement, at […]