What is the CSRS offset program and how is it different from the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS)?
This bill would end the defined benefit pension portion of the Federal Employee Retirement System (FERS) for new federal government hires starting in 2013. Current federal employees would not be affected, but it would apply to members of Congress.
When is the best day to retire? It depends. Here are a couple of examples and how it may impact your finances.
Would you mind a reduction in your CSRS annuity of about $3900 over ten years? Would you mind a reduction of about $1000 less in your FERS annuity during the same time period? If so, you may want to read a new proposal being floated that could have an impact on your retirement income.
How much will you receive in retirement income when you retire under the Civil Service Retirement System (CSRS)? Here are some examples that will demonstrate how your retirement income is calculated.
The SF 50 is the official form the government uses to determine your retirement eligibility and to calculate your pension. If there is an error or a typo, it could delay your retirement. Find out why you need a copy of all of your SF 50s, and how to review them before you retire.
How much will you receive in retirement income when you retire? Here are some examples that will demonstrate how your retirement income is calculated.