What might a House of Representatives led by Paul Ryan look like for federal employees? The best way to answer this question is to look at the history of proposals Ryan has advocated that pertain to the federal workforce.
An individual who reaches the age of 65 becomes eligible for Medicare. However, if at the time they become eligible for Medicare, they are working at a job that provides them with health insurance, they will not be subject to the 10% Medicare Part B late enrollment if they enroll in Medicare Part B later than age of 65, as long as they enroll within the eight months after they retire.
Federal employees work in many different fields and enjoy a variety of benefits as part of the work they do. The author presents several tips for federal workers to help strengthen their personal financial situations as they progress through their careers and work towards retirement.
In the third article in his series on federal retirement, FedSmith.com author Randy Silvey addresses one of the most common questions he has received from FedSmith.com users: “Should I roll my TSP over to an IRA after leaving federal service?”
Without immediate action by Congress or the administration, a combination of economics and law may lead to Medicare Part B premiums rising as much as 52%. The author looks at some different ways the government could potentially prevent this from happening.