Notes on the Lump Sum, the Survivor Annuity, and Life Insurance
The author offers some details and example calculations on the lump sum, survivor annuity, and life insurance benefits.
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.
The author offers some details and example calculations on the lump sum, survivor annuity, and life insurance benefits.
The Internal Revenue Service recently announced 2013 contribution limits for employees who participate in the Thrift Savings Plan.
The Middle Class Tax Relief and Job Creation Act of 2012 makes two significant changes to FERS.
The author says that the purpose of the 1983 payroll tax hike was to generate Social Security surpluses for the next 30 years, but instead of following that plan, the government spent the money out of the general fund, thus using up the revenues on other government programs.
How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.
AFGE president J. David Cox Sr. released a statement today on the announcement of the 1.7% COLA that will be given to federal retirees and Social Security recipients in which he said, “It could have been much worse.”
Social Security has announced benefit changes for 2013. The cost-of-living adjustment that Social Security recipients will receive starting in January will be 1.7%.
The COLA increase for some federal retirees in 2013 will likely be between 1.5 and 1.7%. Here is an explanation.
The Thrift Savings Program (TSP) is the primary retirement savings method for federal employees, and the benefits are well known. The author says that making withdrawals from your TSP account can be complicated and offers some considerations when deciding to make withdrawals.
According to its latest monthly report, the number of retirement claims processed by the Office of Personnel Management processed was the most in a single month so far in 2012.