Will You Ever Be Rich as a Federal Employee?
Most employees will never be rich and did not enter federal service with that goal in mind. On the other hand, how does one define “rich?”
Federal Employee Retirement
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.
2007 COLA Continues Upward in July
The rate of inflation is continuing its upward trend. This means that federal retirees will get a bump up in annuity payments in 2007 to help cover the rising cost of living.
Are You Saving Too Much for Your Retirement?
Retirement can be a time to reap the benefits of your lifetime of work. Keep in mind that you will still need an income and you may need more money than you think.
Nearing Retirement? You Probably Have Reason to be Thankful
Nearing retirement? You are probably in the CSRS. Be thankful; you are in a system that is a remnant of America’s golden economic age.
“When I’m Sixty-Four”
Are you ready for retirement–however you define it? Plan ahead. Millions of Americans who once thought “don’t trust anyone over 30” may be wondering “will you still need me, will you still feed me, when I’m sixty-four?”
2007 COLA for Retirees Continues To Go Up
The COLA adjustment for retirees won’t be final until the September figures are calculated. For now, the differential is 3.1%.
Who Wins the Survivor Annuity: Wife Number 1 or Wife Number 2?
A court of appeals finds that OPM had an obligation to to check out the facts of a case that impact the election of a survivor annuity. The case is therefore sent back to the Board for a new decision based on the finding of the court.
Retirement May Pay More than Working
Many Federal retirees are on track for a 2.9% increase next year–and the figure is likely to be higher by the end of September.
Can a Lower Paid Employee Save Enough for Retirement? Here is One Example
FedSmith spoke to a man who makes less than most federal employees but follows a plan that should work for anyone wanting a secure retirement.
Fed Gets Bill from OPM for $18,112
A federal employee on disability retirement has to follow the rules regarding “being restored to earning capacity.” This federal employee got a bill from OPM for over $18,000.
