A recent report from the Congressional Budget Office makes a myriad of proposals designed to help put a dent in the growing federal debt, some of which would directly impact federal employees.
Three Senators have reintroduced legislation that would end the defined benefit pension portion of the Federal Employee Retirement System (FERS) for new federal government hires.
One way to reduce the gaping federal deficit: Raise “non-tax revenue” by increasing employee contributions to federal employee pension programs.
Social Security is an important benefit in retirement. What many people do not know, though, is the sheer number of options you have when considering how to file for your benefits. Those options will depend on your age, marital status, and other factors, but should all be considered before deciding on a filing strategy.
Will your pension and TSP withdrawals count towards the Social Security earnings test?