Whether you are planning to retire soon or well into the future, you need to understand the retirement system and its benefits. The author provides an overview of the general eligibility requirements under FERS and also lists discounts available to federal employees and retirees.
The author says that while you can retire on any date that you choose, there may be some advantages to retiring at certain times of the month or year. She shares her opinions as to which dates she believes may be best dates for federal employees to consider retiring.
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.
TSP officials believe that investors should leave their money in the TSP when leaving federal service. Why do they care?
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.