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 says that economic stimulation in the United States cannot last forever and eventually we will have to go through some suffering to make things right. She says federal employees may see more changes coming to their retirement benefits and should have a realistic plan before making the decision to leave government service.
The authors address some common misconceptions about federal retirement.
The federal retirement plan is one of the biggest benefits of being a federal employee. Changes are coming that will impact many readers and most of the changes are not going to improve the program.
Starting Social Security at age 62? Or anytime before your Full Social Security Age (65-67)? Most Federal Employees are too – but they usually haven’t heard of the three big whammies that come with starting Social Security early. Don’t let these whammies catch you by surprise.
The author says that proper planning for retirement from a federal career must take place throughout an employee’s entire career. He covers some important areas federal employees should consider as part of this planning process.
It is a common misconception that anyone receiving military retired pay cannot also receive federal civilian retirement credit for their military service. However, a significant exception applies to people receiving military retired pay based on reserve service.
Although it is arriving about two months late, the White House has released its budget proposal for 2014 this week. The budget contains some recommendations that would directly impact the federal workforce including higher retirement contributions for current federal workers.
The author compares the historical pay increases of current federal employees to retirees on Social Security to see which group comes out ahead.
The “chained CPI” seems more likely than it did when the concept was first announced. What is the chained CPI and how would it impact current and future federal retirees?
Did you know that your FERS retirement income will have some unique twists and turns? Your retirement income will start, stop and change in ways that simply won’t compute in most financial planning calculators. Find out how your income will change, and what it means for your ‘Gap’.
