You might think that retirement planning is what you do while you are working, and it stops once you retire. The author says that nothing could be further from the truth and that managing your investments is even more important once you are no longer actively contributing. He outlines some of the key points you need to know for managing assets after you leave your federal career.
The Office of Personnel Management has updated its shutdown furlough guide for current and retired federal employees.
Federal employee health insurance premiums in 2016 will see their largest increase in five years. Here is a summary and how those electing self plus one may fare next year.
In his second article in the series, FedSmith.com author Randy Silvey addresses some of the questions he received from readers on retirement topics such as investing in the TSP and learning how to know if you are on the right path towards a successful retirement.
The results from the 2015 Federal Employee Viewpoint Survey are in, and they show slight improvements in the overall scores for both employee engagement and global satisfaction. Read on to see which agencies had the best overall scores.
If I retire under FERS with 36 years of service prior to age 66 when I could receive the full Social Security amount, how is the supplement calculated or valued?
The Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) recently celebrated its 50th anniversary. The author describes how this agency operates and also a recent discrimination case it oversaw against a federal contractor.
OPM calls temporary time and other time for which retirement deductions were not taken “deposit service”. Under FERS, deposit service will not count for either your eligibility to retire or in the computation of your annuity unless you make a deposit. The author provides examples of both deposit and re-deposit service to illustrate the impact they have on your pension.
An aging population of federal employees means that many are leaving federal service due to retirement. The National Active and Retired Federal Employees Association (NARFE) argues that this means there could be a damaging loss of institutional knowledge these federal workers take with them. However, the author points out that the turnover rate among federal employees is very low compared to the private sector and says that the loss of institutional knowledge from retiring federal workers might not be as bad as NARFE is projecting.
The author says that in addition to burning the government’s borrowed money, a shutdown will harm businesses large and small, take money out of the pockets of working men and women, reduce tax revenues, disrupt communities, and generally make a mess.
