I understand that there is often a “best date” to retire to maximize one’s pension, but I want to retire in the middle of December 2017 to take my family on vacation. What effect will that have on my FERS pension?
Can you tell me how the TSP annuity that is supplied by MetLife is calculated? I have been given a bunch of different answers and none match what the TSP rate is offering (which is of course much lower).
There is a common belief that Members of Congress have a special pension that will pay them their full salary as a pension for as little as five years of Congressional service. Is this really true?
The author provides a basic explanation of how the FERS annuity supplement is calculated as well as why a federal employee would want to make the calculations.
A new guide from NARFE gives federal employees an overview of state tax rates and how each state treats retirement income with respect to taxation.
Do I take a full survivor benefit for my wife which I estimate will be $226.00 that is deducted from my monthly retirement, or do I take some kind of guaranteed life insurance that would guarantee her an income should I pass before her?
I have contacted some HR folks and have gotten different answers as to how “net annuity” is calculated for what I and my ex have to respectively pay each other when we retire. Are you able to give an authoritative answer that is based on some OPM reference that makes determining net annuity crystal clear?