If you have not already taken a minimum required distribution (MRD) from your Thrift Savings Plan (TSP) or your Individual Retirement Account (IRA) for 2008, you must take it by April 1, 2009.
Now that the economic stimulus package has been passed into law, the bill has actually been printed and organizations and going through it to find out what this new law contains. Federal retirees will be eligible for an additional $250.
Some people under the FERS system may qualify for the Special Retirement Supplement. It only applies to employees who meet certain qualifications. Author John Grobe explains what it is and how it works–and offers advice that will be useful to any federal employee on planning for retirement.
Will your spouse get a survivor’s benefit from your civil service annuity? In same cases, you may be surprised to find that the answer is “no”. A group has asked OPM to notify all Civil Service Retirement System participants about a provision that is unknown to many and that could result in a spouse not getting this important benefit.