Several readers have asked if they will have a COLA applied to their retirement annuity and to Social Security. Readers have also asked about the Government Pension Offset and Windfall Elimination Provision. This information may be helpful in understanding these complex topics.
Open enrollment for the Federal Employees Health Benefits Plan is underway and runs from November 11 to December 9. Here are two free resources available to help you with the process.
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.