Your contributions to the federal retirement fund are not taxable when the government send this money back to you in the form of an annuity. But you only receive a portion of it back each year. You do not recoup all of your contributions until you have reached your life expectancy.
A casual observer might think that CSRS employees who retire on an early out and receive a 2% per year reduction for being under age 55 are worse off than are similarly situated FERS early retirees. In most cases that casual observer would be wrong. Here is why.
If you are a federal employee and do not know your MRA (Minimum Retirement Age), you are probably in the CSRS system. There is a financial penalty for FERS retirees who leave government under the MRA +10 provision. Look before you leap!
If you have an opportunity for an early out or a buyout, are you focused exclusively on not liking your current job? Here are questions you need to ask yourself before making a decision.
What do you need to do in order to improve your career prospects? Here are resolutions you can use to become more successful in 2008.
Retirement on your mind? Consider long term care insurance. What you are really buying is protection for your assets.
Many federal employees are apparently thinking of retirement. If you are thinking of retiring in 2008, what is the most advantageous retirement date? Here are suggestions that may be of interest as you mull over the question.
Looking for a job during the holiday season may seem like a futile effort. But there are things you can do now to improve your chances of finding a new or better position.
All of the baby boomers will be long retired before we have a solution to this crisis that is supposedly going to be brought about by their retirement. Perhaps agencies should be looking seriously at a career development program that can be implemented at a local level and that does not require an Act of Congress.
The Government Pension Offset (GPO) and the Windfall Elimination Provision can impact your retirement income. This article briefly explains how the GPO may impact a federal retiree.
