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, 2023 COLA update and more.
No one lives forever but you will leave survivors. Your federal employee benefits are valuable. What happens to these benefits when you die as a retired federal employee? In some cases, it depends on actions you take to protect those you are leaving behind.
Federal retirement expert John Grobe recently wrote an article read by tens of thousands of readers entitled “What Happens to Your Federal Employee Benefits if You Die While Still Working?” Some readers had questions or wanted more information. Here are answers to some of the more frequent questions. Please read this in conjunction with the previous article on this subject.
COLA’s and pay raises are of interest to virtually all of our readers. There is also confusion about who gets what increase. Here is a brief explanation of the 2009 COLA and the 2009 federal employee pay raise–and why you do not get both a pay raise and a COLA.
Open season will soon be upon us. Retirement expert John Grobe says that this is a good time to look at the “five-year requirement” for federal employee health insurance and life insurance and how this requirement may impact your retirement.
Declines in the value of the stock market are leading to proposed changes in retirement plans and complaints from a few investors that the TSP is taking money from their pockets by placing unreasonable restrictions on trading TSP funds. Here is a summary and a response from a TSP official that gives a more in-depth description of TSP expenses in the TSP funds that will interest to all TSP investors.
At 5.8%, the 2009 COLA will be the highest increase for federal retireesin about 25 years.
It is human nature to panic when you see your stock investments losing money. The result is always the same: small investors dump their stock funds as the market goes down and they usually dump the most money when the market is at its lowest point. To preserve your retirement funds, take a deep breath, step back and look at the bigger picture. It may keep you from making a big mistake.
Some readers say they are contemplating leaving federal service before they retire. It could be for a better job, boredom, the boss from Hell or a myriad of other reasons. What happens to your benefits when you leave?
Are you retiring at the end of the year? If so, here are several tips that may make the process less stressful.
Where will you choose to live after retirement and why will you live there? Perhaps you would like to relive some of your college experiences. Here are a few considerations and suggestions.
