What Penalties Would I Face If I Retire at 62 With Less Than 20 Years of Service?
What penalties would I face if I retire at 62 years old but have less than 20 years in service?
Federal employee pay news: If it impacts pay and benefits for federal employees, you’ll find it here. Stay informed about important topics such as annual federal pay raises, the GS pay scale, and Thrift Savings Plan (TSP) including the latest TSP performance updates. You will also find articles about the Federal Employees Health Benefits (FEHB) program, Federal Employees Group Life Insurance (FEGLI), and Federal Employees Dental and Vision Insurance Program (FEDVIP), or event legislation in Congress that could impact federal employees’ pay and benefits.
What penalties would I face if I retire at 62 years old but have less than 20 years in service?
The 2018 federal employee pay raise is following the usual tortuous path. Probable result: an average pay raise of 1.9% in January.
In the second of two articles, the author highlights some common costly mistakes federal employees are prone to making with their TSP accounts.
Recent proposals suggest cutting federal employees’ retirement benefits, however, the author says that lawmakers may not understand how these are funded.
Legislation is advancing in Congress that would make changes to the TSP. Here is what this could mean for federal employees.
OPM has begun providing federal employees information to help them prepare for the 2017 federal benefits open season.
Are you making these mistakes with managing your TSP account? The author highlights some common problems and how to avoid them.
Lawmakers in both the House and Senate recently sent letters expressing their concerns to proposals to cut federal employees’ benefits.
All of the TSP funds had positive returns in July and also for the year to date.
Federal employees are understandably concerned about recent proposals to cut their pay and benefits, however, the author points out that there are still plenty of reasons to remain positive.