Congress Considering Change in Calculating Retiree Benefit Increases
Recently introduced legislation would change the COLA used in computing federal employee retirement benefits.
Federal employee retirement news: news about retirement-related topics as it pertains to employees of the federal government. Topics include FERS, CSRS, the latest TSP performance, annual COLA updates, and more.
Recently introduced legislation would change the COLA used in computing federal employee retirement benefits.
The author outlines four mistakes federal employees under the Federal Employees Retirement System (FERS) will want to make sure to avoid when choosing their optimal retirement date.
The author proposes a change to Social Security that he says would enable the program to pay out more in benefits than it is currently projected to be able to do.
The author says there are four motivations that drive our retirement decisions, and if too many of them go unaddressed, it can create a less secure financial future.
I am 61 and getting ready to retire soon when I turn 62 and can draw my Social Security. It doesn’t appear I will ever need to touch my TSP or IRA, however, I was told I have to spend my TSP when I get older – is this true?
These are some facts about deferred retirement that could be critical for a federal employee.
A TSP participant can designate anyone as a beneficiary to a TSP account, however, only a spousal beneficiary can choose to leave the funds in TSP. The author says it’s important to understand all implications of a spousal beneficiary deciding to keep funds inside of the TSP.
With a significant percentage of federal employees indicating they may quit if Donald Trump should be elected, the number of retirement claims should have surged more than usual in January. That did not happen.
The annual surge of retiring federal employees to kick off the new year has led to a sizable increase in OPM’s backlog of retirement applications.
Certain categories of federal annuitants can now make penalty free withdrawals from the Thrift Savings Plan. Here is how to avoid incurring this 10% penalty.