I’ve heard rumors that Congress will be changing how our retirement is computed by mandating a “high-five” calculation, rather than a high-three. Is this likely to happen and, if it does, what will it do to our pensions?
No one lives forever, but you will leave survivors. Your federal employee benefits are valuable and can affect those that survive you. The author details what federal workers can expect to happen with regards to their benefits if they pass away after retiring from federal service.
The big news for federal employees in the President’s recently released budget proposal was that it called for a 1.6% pay raise for the federal workforce, however, the author notes that there is a lesser known albeit important part of the budget that also affects federal workers.
What changes, if any, should be made to the federal employee compensation and benefits package or how federal pay is determined each year? A Congressional committee is asking OPM for detailed information on these topics.
The Obama administration has recommended a 1.6% pay raise for federal workers in 2017. Does that mean this is a done deal and federal employees now know what their pay raise will be next year? Hardly. Here is a detailed look at how the political process surrounding how the federal workforce is paid is likely to play out in the coming months.
Federal employees can join a union and pay dues, or they can decide not to join and save their money. Many public sector employees do not have this option. The Supreme Court takes another look at public employees and mandatory union fees. What impact will this case have on federal employees?