Budget to ‘strengthen retirement support’ including offering more investment options for CPF members
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Many members ask about retirement benefits 🤔, so here's what you need to know... The SSS provides retirement benefits to members who have at least 120 months (10 years) of contributions. However, you can still get a lump-sum payment even if you don't meet this requirement, but it's lower than the full benefit amount. Quick tip for SSS members: Check your SSS Statement of Accounts to see how many contributions you've made so far! 💡 | SSS Guide PH
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A long-standing federal policy continues to reduce retirement pay for tens of thousands of combat-injured veterans, prompting renewed calls for congressional action. The policy affects service members who are medically retired and eligible for both military retirement pay and Veterans Affairs disability compensation. Under current law, veterans must forfeit a portion of their military retirement pay if they receive VA disability benefits. This is a requirement supporters of reform often refer to
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New bill proposed to create separate PERS plan for first responders, decrease service requirement to 25 years
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