Military Personnel on Terminal Leave From the Military May Double Dip
The general rule is one cannot draw two salaries from the federal government, but there is a special exception for military personnel who are getting off active duty.
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 general rule is one cannot draw two salaries from the federal government, but there is a special exception for military personnel who are getting off active duty.
Senator Marco Rubio (R-FL) outlined a number of reforms for Social Security in a speech this week. The author says that while well intentioned, Rubio’s proposals would actually make Social Security less solvent.
Legislation introduced in the House this week would allow federal law enforcement officers (LEOs) and firefighters to withdraw funds from their Thrift Savings Plan accounts when they are eligible to retire without tax penalty.
Most federal employees know they should look at their long-term financial plan when considering retirement. Once the long-term plan is set, the next thing to account for is short-term cash flow right after retirement. In order to do that, it is important to understand the various sources of income that will be involved in the first year. Here is an overview of some of the key potential income sources you will have in retirement.
In a speech at the National Press Club today, Senator Marco Rubio (R-FL) offered several retirement reform proposals, one of which was opening the Thrift Savings Plan up to private sector workers.
The Special Retirement Supplement (SRS) is not paid by the Social Security Administration. It is paid by the Office of Personnel Management. This article provides a simplified example of how the SRS is calculated.
The author says that a pervasive online myth is that Lyndon Johnson stole money from the Social Security trust fund in order to pay for the Vietnam war.
What was the average TSP balance in March 2014 compared to one year earlier? How did federal employees handle their money in March preparing for the stock market returns in April? Here are some new data from the TSP.
OPM made a modest improvement in its backlog of retirement claims in April.
What are the rules about coming back to a government position after retirement in a contracted capacity? Will this affect annuity paymts?