News

Short updates on the changes that move your pension and Social Security check. Each one answers a question people ask most, in plain English.

Savings403(b) and 457(b) limits for 2026How much teachers and public workers can save in a 403(b) or 457(b) in 2026, including the extra catch-up for ages 60 to 63.Social SecurityAre WEP and GPO really gone? Yes. Here is what it means nowThe Windfall Elimination Provision and Government Pension Offset no longer cut Social Security for teachers and public workers. What changed and what to do.Social SecurityFull retirement age reaches 67 for everyone in 2027People born in 1960 turn 67 in 2027. From now on, full retirement age is 67 for everyone. Here is what that means for when you claim.Social SecurityHow much can you earn while on Social Security in 2027?The 2027 earnings limits are $25,560 and $67,920. Here is how the limit works if you go back to work, substitute teach or take a second job.MedicareMedicare open enrollment ends December 7You have until December 7, 2026 to change your Medicare drug plan or Medicare Advantage plan for 2027. What retired public workers should check.Payment datesSocial Security payment dates for December 2026The exact days Social Security pays in December 2026 and January 2027, based on your birthday.Social SecuritySocial Security raise for 2027 is 3.6%What the 2027 cost-of-living increase means for your monthly check, when it starts, and how it works with a teacher or public pension.Social SecuritySocial Security tax limit rises to $192,300 in 2027The most income that Social Security tax applies to goes up in 2027. What it means for you and your paycheck.Pension raisesTeacher pension raises for 2026–27: plan by planWhich big teacher pension plans give a yearly raise, how much it is, and when it shows up in your check.Payment datesWhen will I get my first pension check after I retire?Most teacher and public pension plans pay the first check one to three months after you retire. What causes the wait and how to plan for it.Texas TRSWill retired Texas teachers get a raise in 2027?Texas TRS has no automatic yearly raise. Any increase has to come from the Legislature, which meets again in January 2027.Social SecurityYou need $1,970 for a Social Security credit in 2027The earnings needed for each Social Security credit go up in 2027. Here is what that means if you are working toward 40 credits.