Legislation has been introduced that would lower the pension contribution amounts for new federal employees.
How will federal employees under the FEHB avoid paying an additional penalty to the IRS? Here is a quick summary.
The CSRS Voluntary Contribution Program has been available to CSRS or CSRS Offset federal employees for many years. It can be a very useful option to significantly increase retirement savings. The author explains some of the details of this program.
The author says that studies comparing federal benefits to those in the private sector miss a key issue and that there are substantial differences in the benefit packages across industry sectors.
There is a lot of guidance available on the federal benefit package for new employees starting their careers at a young age, but there are also unique and important considerations for those starting later. The author provides considerations for federal workers beginning their careers at later ages.