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All articles tagged with #benefits

October 2026 Benefit Schedule: Early Payments for SSI and Long-Term Recipients
economy11 days ago

October 2026 Benefit Schedule: Early Payments for SSI and Long-Term Recipients

The Social Security Administration is issuing October 2026 benefits ahead of schedule for two specific groups due to weekend and holiday calendar conflicts. On Friday, October 2, payments will be sent to recipients who began receiving benefits before May 1997 and those who also receive Supplemental Security Income (SSI). Additionally, SSI recipients will receive their November payment early on October 30 because November 1 falls on a Sunday. The SSA confirmed that the average monthly retirement benefit is $2,033.27, while the average SSI payment is $738.73. The annual cost-of-living adjustment (COLA) for 2027 is expected to be announced on October 14, with experts forecasting a 3.5% increase.

via Diario AS|
#benefits#cola#economy
PECO Workers Stage First-Ever Strike Over Wages and Benefits
business3 months ago

PECO Workers Stage First-Ever Strike Over Wages and Benefits

PECO’s 1,600 unionized workers launched the utility’s first-ever strike after negotiations collapsed; the IBEW Local 614 says PECO offered about a 20% wage hike over five years plus enhanced retirement and medical benefits, but the union contends wages run roughly 30% below peers and is pressing for pension and health benefits for newer hires and a retirement policy based on gross payroll. PECO says it will maintain service during the walkout amid a July heat wave, and the strike has drawn cross-union support with reports of alleged assaults on workers that the company denies.

via WHYY|
#benefits#business#ibew-local-614
2027 Social Security COLA Seen at 3.8% Amid Inflation Risks
personal-finance3 months ago

2027 Social Security COLA Seen at 3.8% Amid Inflation Risks

The latest projection for the 2027 Social Security cost-of-living adjustment (COLA) is 3.8%, per The Senior Citizens League, which is above the long-term average and would add about $79 to the average benefit (~$2,081 as of April 2026). Inflation—especially energy costs—could push the COLA higher or lower before the official October announcement. Even with a higher COLA, many retirees may not see a dramatic boost to their purchasing power and might rely on other retirement income sources; the official COLA will be confirmed in mid-October.

via The Motley Fool|
#benefits#cola#inflation
Meta Workers Rush to Use Perks Ahead of Major Layoffs
business4 months ago

Meta Workers Rush to Use Perks Ahead of Major Layoffs

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.

via WIRED|
#ai#benefits#business
Who qualifies for May 13 Social Security payments? May 2026 schedule explained
latestnews5 months ago

Who qualifies for May 13 Social Security payments? May 2026 schedule explained

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.

via Diario AS|
#benefits#latestnews#payment-schedule
Deloitte trims parental leave and PTO for Center staff amid talent overhaul
business5 months ago

Deloitte trims parental leave and PTO for Center staff amid talent overhaul

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).

via Business Insider|
#benefits#business#center-talent-model
Oracle offers up to 26 weeks severance for U.S. laid-off employees
business6 months ago

Oracle offers up to 26 weeks severance for U.S. laid-off employees

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.

via Business Insider|
#benefits#business#layoffs
April Social Security Payments: When Your Checks Arrive
money6 months ago

April Social Security Payments: When Your Checks Arrive

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.

via LiveNOW from FOX|
#benefits#money#payments