The House recently passed a bill change the TSP investment philosophy and the annuity calculations for those under FERS. Is it now in effect? What do these changes for the federal workforce have to do with the tobacco industry?
Like many people, this federal retiree left government service with high hopes and plans for the future. Some worked out well but the reality of health and financial issues brought home to this author how life can change after retirement. He offers advice on how to live and which decisions may be the most important ones after leaving government service.
FERS employees and CSRS employees get the same sick leave benefit–until the computation of a retirement annuity. A bill passed by the House on July 30 would change the current system.
The federal retirement systems are complex and many readers have questions about their specific circumstances. Where can you get answers to your retirement questions? Here are a few suggestions.
Author John Grobe recently asked FedSmith readers which topics were of most interest on the topic of federal retirement. The answer: Should a federal retiree who is nearing 65 sign up for Medicare’s Part B? Here is an explanation of the considerations in making this decision.
Deposits and redeposits of retirement funds for civilian service is simpler (and harsher) for FERS employees than for CSRS employees. Here is how it works.
When deciding whether or not to re-deposit money, the most important thing to consider is when did the service for which you received a refund end? If it ended before 10/01/90, breathe a sigh of relief. If it ended 10/01/90 or after, pay it.