Retirement Myths: Is Congress Considering Offering a Buyout to Federal Employees?
Is Congress about to pass a law that will offer generous VERA (early-out) and VSIP (buy-out) terms? The authors offer some insight on this common retirement myth.
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.
Is Congress about to pass a law that will offer generous VERA (early-out) and VSIP (buy-out) terms? The authors offer some insight on this common retirement myth.
Are you a retired federal employee? Has OPM’s backlog of retirement claims affected your ability to get your full annuity payment? Here’s your opportunity to share your experience.
OPM was able to process more retirement claims in the month of August than were received.
How do your TSP investments compare to how others invest? How do your investments compare with the advice of one well-known financial advisor?
Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”
How much of a COLA increase will you see in 2014? How would the “chained CPI” impact this payment if it were enacted?
There are a number of factors that need to be taken into consideration when identifying your savings options for retirement. Cost is not the only consideration, but an important one since fees can seriously erode your earnings.
Will the furloughs have an impact on your federal retirement annuity?
Your FERS or CSRS annuity will continue for the rest of your life, and the amount of your annuity is determined by your high-3 average salary and your years of service. The amount that you contributed to FERS or CSRS doesn’t matter.
As of the end of July, OPM still had over 25,000 outstanding retirement claims in its inventory. However, that number is down from almost 45,000 last July.