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  2. Federal Insurance Contributions Act - Wikipedia

    en.wikipedia.org/wiki/Federal_Insurance...

    The Federal Insurance Contributions Act ( FICA / ˈfaɪkə /) is a United States federal payroll (or employment) tax payable by both employees and employers to fund Social Security and Medicare [1] —federal programs that provide benefits for retirees, people with disabilities, and children of deceased workers.

  3. Congressional pension - Wikipedia

    en.wikipedia.org/wiki/Congressional_pension

    All Members pay Social Security payroll taxes equal to 6.2% of the Social Security taxable wage base ($128,400 in 2018). Members first covered by FERS prior to 2013 also pay 1.3% of full salary to the Civil Service Retirement and Disability Fund (CSRDF). Members of Congress first covered by FERS in 2013 contribute 3.1% of pay to the CSRDF.

  4. Two-tier system - Wikipedia

    en.wikipedia.org/wiki/Two-tier_system

    Two-tier system. A two-tier system is a type of payroll system in which one group of workers receives lower wages and/or employee benefits than another. [1] The two-tier system of wages is usually established for one of three reasons: The employer wishes to better compensate more senior and ostensibly more experienced and productive workers ...

  5. NYC sees mass exodus of retirees: But where are they going? - AOL

    www.aol.com/news/nyc-sees-mass-exodus-retirees...

    According to a study done by the financial technology company SmartAsset, New York City lost the most retirees in 2022. The city saw 6,194 retirees move in, but 28,696 retirees move out. In ...

  6. NRA found liable in corruption case as jury says longtime ...

    www.aol.com/nra-found-liable-corruption-case...

    Longtime National Rifle Association chief Wayne LaPierre should pay the powerful gun rights group $4.3 million in damages for mismanagement and misspending charitable funds on lavish personal ...

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  8. Social Security debate in the United States - Wikipedia

    en.wikipedia.org/wiki/Social_Security_debate_in...

    The Social Security debate in the United States encompasses benefits, funding, and other issues. Social Security is a social insurance program officially called "Old-age, Survivors, and Disability Insurance" (OASDI), in reference to its three components. It is primarily funded through a dedicated payroll tax. During 2015, total benefits of $897 ...

  9. 'Flexibility is important': Employment status issue in ... - AOL

    www.aol.com/flexibility-important-employment...

    His concern: Having the kinds of jobs available to help support graduating high school seniors as they transition into college or careers that pay a living wage. Gig-based work can supplement base ...

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