What’s the Difference in the 1% and 1.1% FERS Annuity Computations?
I’ve heard that there are two different computation factors that are used in computing the FERS annuity; 1% and 1.1%. What’s the difference between them?
Q&A
Q&A from FedSmith authors addressing readers’ questions. We share them here to help you with your federal career or retirement planning.
Why Does the Government Shutdown in the United States?
When does the government shutdown? The answer dates back to 1980.
Does My Locality Pay Rate Include the Basic Percentage Increase?
Does the locality pay raise percentage cited for 2018 include the basic pay raise of 1.4%?
How Are Locality Pay Rates Computed?
How are the locality pay calculations done? The increase in my 2018 salary with locality pay factored in seems to be lower than what I was expecting.
Why Are Current Federal Employees Not Getting the Same Raise as Federal Retirees?
Federal retirees will get a higher pay raise next year than what is proposed for current federal employees. I feel this is unfair; why is this the case?
How is Modified Adjusted Gross Income Calculated?
I understand that my Medicare Part B premiums can be higher if my modified adjusted gross income is above a certain amount. How is MAGI calculated?
How Do I Know What I Will Receive in Social Security Benefits?
How do I figure out what I will actually receive in Social Security benefits if I retire at age 55?
I Worked Part Time Under FERS; How Does This Affect My Annuity?
I’m a FERS employee who has worked part time for part of my federal career. How does this affect my length of service and the way my FERS annuity is computed?
What Can I Do to Fix a Roth IRA Contribution When I Exceeded the Income Limitations?
Last year I contributed the max to a Roth IRA, but it turned out that my income was too high to contribute. Is it too late for me to fix this?
What Are the Best Retirement Dates for Law Enforcement Officers?
With respect to the “best” date to retire, are there special considerations for law enforcement officers?
