Retirement insights from a Colorado PERA perspective

News You Should Know

News You Should Know: Can You Pass This Social Security Quiz?

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69% of People Either Failed or Barely Passed This Social Security Quiz | CNBC

For many Americans, especially those who don’t receive a pension like the PERA Defined Benefit Plan, Social Security is an important source of income in retirement. But it turns out many older workers nearing retirement have very limited knowledge of how Social Security works. Try this quiz and see how you stack up.

What Medicare Beneficiaries Need to Know About the End of the COVID-19 Public Health Emergency | Fortune Well

The federal government’s COVID-19 public health emergency ended May 11, resulting in the end of some pandemic-area changes in health care. Here are some of the major changes (as well as what won’t be changing) for seniors on Medicare.

The IRS is Working on Software to Allow Taxpayers to File Online | NPR

Filing tax returns every year can be an overwhelming and confusing process, leading many people to pay for tax software or hire someone to do the work. Now, the IRS is looking to offer a free system to file tax returns directly with the federal government, sidestepping the third parties.

Depression’s Unexpected Role in Accelerating Biological Aging | SciTechDaily

As researcher work to better understand the aging process, they’ve found some evidence that depression may play an important role. In a recent study, researchers at the University of Connecticut Center on Aging found older adults living with depression show evidence of aging faster. That accelerated aging can then lead to a higher risk of health problems.


News You Should Know is a digest of news from publications around the nation about finance, investing, and retirement.

Defined benefitAlso known as a pension, this is a type of pooled retirement plan in which the plan promises to pay a lifetime benefit to the employee at retirement. The plan manages investments on behalf of members, and the retirement benefit is based on factors such as age at retirement, years of employment and salary history.

Comments

  1. G. M. Santo says:

    ONLY THREE PEOPLE COMPLETLY FAILED THIS QUIZ

    The names of the three flunkies are: Boebert, Buck, and Lamborn.

    These are the only Colorado Congressional Representatives in the House who have NOT signed on to the Fairness In Social Security Act of 2023 (H.R. 82). The Act would repeal the Windfall Elimination Provision (WEP) and the Government Pension Offset (GPO). WEP and GPO unfairly reduce Social Security benefits which PERA members may have earned outside of their PERA-covered employment (while working in self-employment or other private sector jobs subject to FUTA payroll deductions).

    The above named flunkies do not represent COLORADO PERA members. PERA’s board and staff may not be able to expose the names of those working against your best interests, but I am more than glad to relay this important information as a public service for retired public servants.

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