US President Pension: New Study Shows Workers Can Receive Up to $1 Million a Year
The US President’s pension plan will pay a lot more to some of his retirees than others, according to a new study.
The study from the Center for Retirement Research and Education found that workers with a median age of 78 will get about $4,200 a year, while workers with an average age of 80 will get $3,600.
The average for the group with an 80-year-old and a 77-year old will get more than $2,000 a year.
The same study found that pensioners who are eligible for Social Security will see their benefits boost by $6,200, with the average worker receiving $4.50.
But pensioners with an annual income of less than $50,000 will see a $2.50 boost.
The survey found that only about 3 percent of workers are eligible to receive pension benefits.
“A lot of people are not paying any of the taxes, they’re not paying the Social Security tax,” said Robert McBride, a spokesman for the Center.
“So, they don’t have to pay anything.
They just have to get a check and then get on with their lives.”
A few years ago, the Federal Reserve began studying how the US pension system works.
Now, a study from researchers at the Federal Retirement Forum shows that retirees who get a pension benefit are actually getting a bigger payout than their counterparts who aren’t eligible.
They received about $2 million more in retirement benefits in 2014 than their comparable retirees, who received about half that amount, the study found.
The study, published in the journal PLOS ONE, found that, overall, Social Security benefits for retired workers increased by $2 billion over the past five years, with most of that increase coming from retirees who received a pension.
The authors estimate that the benefits of Social Security to retirees who were eligible for the program increased by a little over $2 trillion over the same time period.
“This study finds that the retirement benefits received by the elderly under the Social Protection Act are larger than they were under the law at the time it was enacted in 1965,” the authors wrote.
“The benefits to retirees from the Social Benefits Act have been greater than the benefits to beneficiaries under the current law.”
While the study focused on benefits to the elderly, it did not examine benefits to younger workers, such as those who are working in retail, food service or healthcare industries.
While it is a good idea to look at how much the Social Insurance Program is paying out to retirees, the data should also be looked at by the average working age American, the report noted.
A 2014 report from the Federal Election Commission showed that the average wage earner who earns $30,000 per year is getting about $1,400 a month in Social Security benefit payments.
The report showed that average monthly Social Security payments for people earning less than about $45,000 went up about $800 last year, to $3.30 a month.
That same report found that those earning between $45 and $70,000 received $2-3,200 in benefits, while those earning $70 to $100,000 were getting about a $700 increase.
The retirement benefit increases that were cited in the report were lower than what was reported by the Congressional Budget Office, which estimated in 2014 that the benefit cuts were $1.3 trillion over 10 years.
The Congressional Budget office said in a report last year that the Social Services Budget Office has estimated that the $1 trillion savings would amount to about $400 billion a year over the next 10 years, but there was no way to quantify the savings in an independent study.