How Will Furloughs Affect Your Retirement?
Will the furloughs have an impact on your federal retirement annuity?
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.
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.
Should federal employees continue to have a separate health insurance program or become part of the health insurance exchanges being set up now for the American public?
The National Active and Retired Federal Employees Association (NARFE) recently sent a letter to OPM with some concerns about the proposed phased retirement option for federal employees.
Here are a few tips to consider in calculating your future retirement income as a federal employee.
How long can one expect to live? It can vary according to the Social Security calculator.
Planning for your retirement is a necessity. The first step to begin this process is to understand the retirement benefits available to you as a federal employee.
What do Santa Claus, the Social Security Trust Fund and the Tooth Fairy have in common? According to the author, they are all myths. He explains why the Social Security trust fund does not exist.
The author says that federal employees have much to be thankful for when it comes to generating income in retirement.