The deficit commission has made a number of recommendations that may impact your pay and benefits as a federal employee. Here is what we know, what we do not know, and why it is your best interests to pay close attention to these changes.
This article looks at your retirement annuity when you left federal service, withdrew your contributions and did not re-deposit the money when you returned to work for Uncle Sam. What should you do?
Every year various agencies update numbers (generally dollar amounts) for benefits that impact federal employees and retirees. Not every agency has issued all their 2011 updates, but many of them have. Here are some of the more important financial numbers for the federal workforce in 2011.
Many people are curious about the best day to retire in 2011. Well, the best day to retire in 2011 is the same as it was in 2010; that is December 31st. This is especially important for those who are planning on receiving a large annual leave payment, as the leave year ends on December 31, 2011 and anyone who retires after that date will lose any excess use-or-lose leave they have accrued.
The holiday season is approaching. With it will come a slow down in job search activity by many job seekers. This is as true for those who are employed and seeking advancement or new opportunities as it is for those who are unemployed. Is this a good time to slow down your job search activity?
This article quantifies some of the changes that have been proposed to the federal retirement system. How much would a pay freeze impact your future income? How much of an impact would you see if the “high three” were changed to a “high five?” Here are examples of how you may be impacted.
Will federal “deposit service” impact your federal retirement annuity? It may impact CSRS and FERS employees in different ways. Here is an explanation of how this could impact your future retirement income.
Managers are responsible for developing their employees in many ways. Here’s how a manager can help employees become better prepared for retirement.
When you retire, you will be faced with many choices as to what to do with your Thrift Savings Plan investments. If a financial advisor is suggesting that you roll your money into an IRA, ask why. Is it because the IRA is really a better investment, or is it that he/she will earn a fee from the transaction?
Federal employees who have had military service after January 1, 1957 have the opportunity to make a deposit and have that military time count for both their CSRS or FERS retirement and for Social Security. In most instances it makes a great deal of sense to buy the military time, but there are exceptions.
