OPM Retirement Backlog Jumps 73% in January
The OPM retirement backlog jumped 73% to start 2016 thanks to an influx of new retirement claims.
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.
The OPM retirement backlog jumped 73% to start 2016 thanks to an influx of new retirement claims.
The author says that the presidential candidates so far have said little about their plans for Social Security, but to the extent ideas have been put forward, they do nothing to solve the long term financial problems facing the program.
The American Savings Act would create a new organization that may be popular with many Americans. How would creating such an organization impact the TSP?
Tax time is closer than you think. Here are 13 things you should know about taxes and your federal retirement.
The author says that phased retirement was a program designed to help federal employees ease into retirement while also helping agencies get their replacements up to speed. However, the program has largely been a bust so far in terms of its participation levels. He explains why he believes this to be the case.
The author says that federal employees are frequently sheltered from financial and retirement information in their careers. He says federal workers need to be permitted to have self-reliance in their understanding of at least basic retirement concepts to avoid making mistakes that can harm their future financial goals.
There are fresh hints that the Thrift Savings Plan is considering whether to offer investment advice to participants. But would investment advice within the TSP keep federal employees from rolling their accounts over to an IRA after they leave federal service, and who would pay the costs for the service?
Are you ready to retire? Many federal employees are now eligible for retirement, but still continue to work. The author goes over some important considerations federal workers should keep in mind as they ponder whether or not it is time to leave the workplace for good.
When your poor health begins to hinder your work performance, you need to prepare an exit strategy. For federal workers, applying for FERS federal disability retirement benefits may be a viable option. The author outlines five common myths federal employees should be aware of when seeking disability retirement benefits.
The Office of Personnel Management was able to reduce the backlog of federal employees’ retirement claims to close out 2015. This is a good thing too since retirement applications usually surge in January. Here is a glimpse of what OPM’s retirement inventory might look like at this time next month.