Combatting Rise in Medicare Part B Premiums for Federal Retirees
Some federal retirees may be impacted by a significant increase in Medicare Part B premiums. A bill has been introduced to minimize the impact.
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.
OPM’s Retirement Backlog Stays Above 16,000 in November
OPM made a small reduction to its backlog of retirement applications, but it remains above 16,000 as of the end of November.
OPM Taken to Task in New Report on Government Waste
The Office of Personnel Management is featured in a new report that highlights examples of wasteful government spending.
Its Good to be a Federal Employee: Investing Advantages as Stocks Rise
TSP stock funds were up in November. One fund is now up more than 14% for the year. Bond yields are also up. Here is why the market jumped and a big investing advantage for federal employees seeking to preserve their money if inflation recurs with faster economic growth.
A Better Way to Do the High-Three Calculation
Doing the high-three calculation manually always has been difficult. However, there is a simpler way of performing this calculation as the author explains.
Federal Retirees: Don’t Get Bitten by the Estimated Tax Penalty
New retirees are prone to getting caught by the estimated tax penalty, or ETP. Here are some tips on how federal retirees can avoid getting hit with extra taxes and penalties under this rule.
OPM Will No Longer Accept Corrections on Certain Retirement Forms
The Office of Personnel Management has announced that certain benefits election forms with hand made corrections will no longer be accepted.
2017 Medicare Part B Premiums Announced
The Centers for Medicare & Medicaid Services (CMS) have announced the premiums for Medicare for 2017.
Required Minimum Distributions and Your TSP
The Thrift Savings Plan requires that participants who are 70.5 or older take required minimum distributions each year. Here is how this works.
OPM’s Retirement Backlog Jumps 10% in October
The backlog of retirement applications at OPM bottomed out in June but has been on an upward trend since that time. October saw the sharpest increase since the middle of summer.
