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.
When you retire, you will be faced with many choices as to what to do with your Thrift Savings Plan investments. If a financial advisor is suggesting that you roll your money into an IRA, ask why. Is it because the IRA is really a better investment, or is it that he/she will earn a fee from the transaction?
Will you get a COLA as a federal retiree in 2011? Will federal employees get a pay raise in 2011? How much will your health insurance premium go up in 2011?
Is there really an ongoing “tidal wave†of retirements? If yes, is there evidence for it? If evidence shows there is no tidal wave, then why would a Federal agency foster such an impression?
Federal employees who have had military service after January 1, 1957 have the opportunity to make a deposit and have that military time count for both their CSRS or FERS retirement and for Social Security. In most instances it makes a great deal of sense to buy the military time, but there are exceptions.
Turning accumulated savings in the Thrift Savings Plan (TSP) into a stream of income is a goal for federal employees who are hoping to retire at a comfortable level. This is particularly true for FERS employees who get a less generous pension than employees who are covered by CSRS.
Where will you live when you retire and can choose anyplace you want to go? One federal employee couple opted for a different lifestyle spending their summers in a small town in Maine–away from the hustle and crowds in the Washington, DC metropolitan area.
Are you thinking of returning to work as a federal employee after retirement? This article does not address why you might want to do this but factors to consider if you are wondering how to go about returning to federal employment.
The Windfall Elimination Provision (WEP) reduces, but does not eliminate, the earned Social Security benefit of a person who is also receiving a pension from a system where no Social Security payments were withheld.
If you are a retired federal employee, you may be wondering about a cost of living increase in your check in 2011. For those readers who have sent in this question, here is an answer you may not want to hear.
Your retirement annuity, whether you are CSRS or FERS, is determined by your length of service and your high-three salary. Your annuity is calculated by multiplying your high-three salary by a percentage factor that is derived from your length of service.
