TSP Contribution Limits to Rise in 2015
The IRS announced today that the contribution limits for tax advantaged retirement plans such as the Thrift Savings Plan will be increasing in 2015.
Retirement
Stay informed with the latest federal employee retirement news, including updates on FERS and CSRS, retirement eligibility rules, OPM retirement processing, and TSP performance as it relates to long‑term retirement planning. This category covers annual COLA updates, TSP news, survivor benefits, military service credit, retirement application guidance, and major OPM policy changes or federal legislation that could affect federal retirement benefits. Find clear, timely information to help current and former federal employees navigate retirement planning, benefit calculations, and post‑retirement considerations.
1.7% COLA for Retirees… What About Current Federal Employees?
This is the time of year for learning more about expenses and income for 2015. What pay raise can federal employees expect to receive with the COLA increase and how does this compare to the increase in FEHB premiums?
COLA Announced for 2015: It’s 1.7%
The COLA next year for many federal retirees and Social Security recipients will be 1.7%.
Am I Eligible for the Special Retirement Supplement?
I am a VA employee under FERS retirement. I meet the MRA. Does this mean I would not be eligible for the special retirement supplement?
2015 COLA for Social Security, Federal Retirees to be Announced This Week
What will the COLA be in 2015? Here is a quick summary. The percentage will be less than the increase of the average FEHB increase next year.
Your Investment Options in the TSP
The Thrift Savings Plan is a crucial part of saving for a successful retirement from your government career. The TSP has released a series of short videos that give federal employees a basic overview of each of the funds inside of the TSP.
Pay Taxes on the Seed, Not the Harvest
One advantage federal employees have when saving for retirement is the Roth TSP. A Roth investment allows you to pay tax on the seed (the smaller, starting investment) and reap the bounties (the investment plus growth/interest) tax-free. The author explains more about how this works.
The Confluence of Factors During the OPM Disability Retirement Process
Is there is a sensible approach in preparing, formulating and filing for OPM Disability Retirement benefits? The author offers some details about the application process.
Little Change to Retirement Backlog in September
The backlog of retirement applications at OPM stayed relatively flat in September.
Election Season and Social Security Don’t Mix
The author says that as election season gears up, politicians are ignoring the real problems with Social Security and instead making empty promises that cannot be kept in order to get elected.
