Federal Benefits Quiz #13: TSP, Social Security, and COLA

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Created on July 01, 2022 By Benefits Ben

Quiz #13: TSP Transition, Social Security, and COLA

Federal employee quiz – test your knowledge!

1 / 3

The Lump-Sum Retroactive Lump-Sum Payment from Social Security DOESN’T reduce the survivor/spousal benefit.

TRUE

FALSE

FALSE! The lump-sum payout from Social Security DOES reduce the spousal/survivor benefits. Read More Here.

2 / 3

TSP will recognize beneficiary information from the old online systems.

TRUE

FALSE

It Depends.

TRUE! Some beneficiary information didn’t transfer over to the new system correctly, but the old system’s information will be recognized by TSP officials. Read More Here. 

3 / 3

2023 COLA for Social Security is estimated to be between…

4.6% and 7.3%

7.3% and 10.8%

4.6% and 10.8%

10.8% and 14.3%

COLA is estimated to be between 7.3% and 10.8% – meaning it could be the largest COLA in 4 decades! Read More Here.

Your score is

The average score is 49%

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**Written by Benjamin Derge, Financial Planner, ChFEBC℠ The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Benjamin Derge and not necessarily those of RJFS or Raymond James. Links are being provided for information purposes only. Expressions of opinion are as of this date and are subject to change without notice. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.

Federal Benefits Quiz 13