Substantial Cuts to Federal Employee Benefits Proposed in FY 2019 Budget
As anticipated, the FY 2019 budget proposal from the White House outlines proposed benefits changes for federal employees. Here is a summary.
Retirement
Stay informed with the latest federal employee retirement news, including updates on FERS and CSRS, retirement eligibility rules, OPM retirement processing, and TSP performance as it relates to long‑term retirement planning. This category covers annual COLA updates, TSP news, survivor benefits, military service credit, retirement application guidance, and major OPM policy changes or federal legislation that could affect federal retirement benefits. Find clear, timely information to help current and former federal employees navigate retirement planning, benefit calculations, and post‑retirement considerations.
A Shrinking Annuity Payment for Some Former Feds
OPM asked its IG not to publish a report about a decision the agency made that raised annuity payments for some retired federal employees. Here’s what happened.
IRS: TSP Annual Contribution Limit Not Affected by New Tax Law
The IRS said in a recent announcement that the new tax cut law will not change the 2018 annual contribution limit for the TSP.
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?
OPM’s Retirement Backlog Tops 20k in January
The annual influx of end of year retirement applications caused OPM’s retirement backlog to surge 41% in January.
Medicare General Enrollment Period ends March 31
Medicare’s General Enrollment Period is underway. Many federal retirees opt to take both FEHB and Medicare Part B.
What Does Dave Ramsey Say About a TSP Rollover to an IRA?
Does Dave Ramsey recommend that federal employees roll their TSP accounts over to an IRA after they retire?
How Many Millionaires Are There in the TSP?
The number of TSP millionaires is exploding. Here is a breakdown of federal employees who have achieved this noteworthy milestone in their retirement planning.
Your Lost Savings on Social Security
How much money is Social Security costing you in terms of lost savings? The author offers an analysis.
How Does the GPO Affect Your Pension?
What is the Government Pension Offset, and how does it affect your pension?
