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.
According to the latest available data from the Office of Personnel Management, the agency’s outstanding backlog of retirement applications was left relatively unchanged over the last month.
Starting September 5th, the Thrift Savings Plan will be providing new federal employees with a different default fund for automatic enrollment in their retirement savings plans.
The author proposes an alternate way of calculating the cost of living allowances for Social Security based on the process of computing cost of living adjustments for federal retirees that he says would result in tremendous long term savings.
The majority of FedSmith.com users said in a recent survey that they are opposed to adding a mutual fund window to the Thrift Savings Plan.
All of the stock funds for the Thrift Savings Plan were down significantly in August. Here are the results for the month and for the year for all of the TSP funds.
I am planning to retire at age 63 and waiting to withdraw my Social Security until I reach age 66. While my husband is still working, can he withdraw his Social Security at age 64? Can I apply for half of his Social Security while I am waiting to withdraw my Social Security?
Starting in January, most retirees under the Civil Service Retirement System (CSRS), who also are enrolled in Medicare Part B, could see a 52% jump in their monthly Medicare premiums.
How susceptible are you to fraudulent scams and con artists who target your life savings? Learn common scams to be aware of and how to protect yourself from the stories of these other people who found their retirement savings at risk from fraudsters.
The author says there are a lot of myths and misconceptions regarding the federal retirement system and benefits for federal workers. He provides an example he recently saw firsthand when providing financial advice to a couple of long time federal employees.
If I were to pass away after only being retired a couple of years, I will have only had taxes excluded on a portion of my pension. If my wife and I elected no survivor annuity, does she get the remainder without paying additional taxes on it, since it has already been taxed?
