CBO: Social Security Benefits Would Need to be Reduced by 29%
A new report from the Congressional Budget Office says that under current law, Social Security benefits would have to be cut 29% beginning in 2030 at the current rate of consumption.
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.
How TSP Investments Have Changed: 2009 – 2016
The most popular Thrift Savings Plan funds change as the stock market goes up or down. Here is how investments in these funds has changed over the past few years.
Protect Your Family with Important Estate Planning Documents
Have you considered what would happen to your loved ones and to your assets after you pass away? Proper planning is important to ensure your wishes are carried out.
Why are TSP Annuities the Least Popular Withdrawal Choice?
FedSmith.com author John Grobe recently stated that TSP annuities are one of the least popular withdrawal choices for plan participants. One user wanted to know why this was the case. Here is his answer.
Donald Trump’s Middle Class Tax ‘Cut’
The author notes that a tax plan proposed by Donald Trump would cut many Americans’ taxes but at the same time might actually create a tax increase for others.
When Does an Employee Have to Retire to Receive the 2017 COLA?
An employee who plans to retire on 1/3/2017 wants to know if he has to be off of the government’s payroll by 12/31/16 to receive the COLA. The author provides the answer.
How is the TSP Annuity Supplied by MetLife Calculated?
Can you tell me how the TSP annuity that is supplied by MetLife is calculated? I have been given a bunch of different answers and none match what the TSP rate is offering (which is of course much lower).
Legislation Introduced to Apply the Chained CPI to Social Security COLA
Legislation has been introduced that would make sweeping reforms to Social Security. The author says it would make cuts to the program that would potentially harm older Americans.
National DEAF-icit: Debt, Taxes, and Your Retirement
The author says that taxes are likely to be higher in the future when current federal employees are at or nearing retirement. He outlines some options available to federal workers to help offset future tax burdens.
2017 TSP Contribution Limits
The TSP has provided details about the annual contribution limits for plan participants in 2017 as defined by the IRS.
