All articles tagged with #benefits
As Meta plans to lay off about 8,000 workers (roughly 10% of its 80,000-strong workforce) and shift 7,000 remaining staff into AI initiatives, employees are rushing to use up perks like a $2,000 flexible benefits allowance and a $200 headphone credit. Offices are thinning, morale is sinking, and workers are bracing for changes amid the rollout and increased AI surveillance.
The Social Security Administration’s May 2026 payments are scheduled for Wednesday, May 13 for recipients born on the 1st–10th of any month, with follow‑ups on May 20 (11th–20th) and May 27 (21st–31st). Most beneficiaries are paid on the 2nd, 3rd or 4th Wednesday, while those born 1st–10th receive their benefits on May 13; long‑time recipients and those who also collect SSI typically received benefits on May 1. Average monthly benefits are about $2,081.16 for retired workers, $1,634.70 for disabled workers, and $1,625.56 for survivor beneficiaries. Payments can be made via Direct Deposit or the Direct Express card.
TTEC will suspend its discretionary 401(k) employer match for US staff through the end of 2026 to free cash for AI investments, training, and automation as it faces a revenue drop; the company says the move, part of broader benefit rollbacks seen at other firms, will be reassessed early next year to decide whether to resume contributions.
Deloitte US is cutting benefits for Center talent model employees as part of a broader talent architecture overhaul, reducing parental leave from 16 to 8 weeks, cutting PTO by 5–10 days, halting pension accrual after 12/31/2026, and removing a $50,000 IVF/adoption reimbursement, effective January 1, 2027. Some core benefits remain (health coverage, wellness subsidy, bereavement leave, tuition assistance, 401(k)), while the firm adds new job titles and four segments (Center, Core, Project, Domain).
Oracle is offering U.S. laid-off employees up to 26 weeks of severance (four weeks of base pay plus one week per year of service, capped at 26 weeks), with state WARN notice adjustments and a requirement that six months of work in the last year counts as a full year for calculation. Affected staff across Oracle Health, Sales, Cloud, Customer Success and NetSuite were notified early Tuesday, with some reports of being locked out of internal systems. Oracle declined to comment. The package aligns with recent Big Tech severance patterns while varying in components, and Oracle employs about 162,000 people as of May 2025.
Social Security benefits are paid on a schedule tied to the benefit type and birth date. For April 2026, SSA retirement/disability/survivor payments go out on April 3, 8, 15, and 22 (second/third/fourth Wednesdays depending on birth date), while SSI payments are issued on April 1 (with the date moving to the prior weekday if the 1st falls on a weekend or holiday). If a payment is missing, check with your bank first, and contact the SSA at 1-800-772-1213 if needed to report or replace a due payment.
Research shows that following Dave Ramsey's advice to claim Social Security at 62 is financially disadvantageous, as it results in significantly lower benefits compared to delaying until 70, which increases benefits by 24%. Early claiming incurs penalties that reduce monthly benefits by 30%, making it a costly mistake for most retirees.
The article explains the Social Security benefit payment schedule for 2026, detailing how payment dates are determined by birth dates and providing specific dates for each month, including Supplemental Security Income (SSI) payments.
Despite recent legal and market changes, premium credit cards are expected to remain popular in 2026 due to high consumer satisfaction, continued demand for luxury perks, and the ongoing growth of high-end offerings, even with rising fees and potential regulatory adjustments.
Starting in 2026, federal and state Social Security tax rules will change, with West Virginia ceasing to tax benefits and other states like Connecticut and Vermont continuing to do so; older Americans will also benefit from expanded federal tax breaks through 2028.
The article compares the Capital One Venture X and Citi Strata Elite premium travel credit cards, highlighting that Venture X offers a lower annual fee and simpler rewards structure, making it more suitable for most travelers, while Citi Strata Elite provides higher earning potential and more statement credits but at a higher cost and complexity. The choice depends on individual travel habits and how much value one can extract from the benefits.
The article provides essential guidance for federal employees approaching retirement, covering key decisions such as final separation, withdrawal of retirement applications, returning to federal employment, managing leave, choosing survivor benefits, handling military service credit, and maintaining health and life insurance, to ensure a smooth transition and optimal benefits.
The Social Security Administration announced that SSI and Social Security benefits will increase starting late December 2025 due to an annual cost-of-living adjustment tied to inflation, with maximum federal SSI benefits rising to $994 for individuals and $1,491 for couples, though some advocates believe the increase is insufficient to match rising living costs.
Social Security and SSI beneficiaries will receive their December payments on specific dates based on their birth dates, with SSI recipients getting two payments this month on Dec. 1 and Dec. 31. The SSA provides a schedule and advises contacting your bank if payments are delayed.
The U.S. Supreme Court is expected to decide whether full SNAP benefits should resume amid ongoing legal battles and a government shutdown, affecting millions of Americans' access to food assistance, with the outcome depending on court rulings and congressional action.