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.
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.
“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.
Working Toward Retirement?
An employee who worked for the Navy for 22 years was apparently surprised when he applied for retirement and found he was not eligible.
Are You a ‘Phish?’
TSP investors are not immune to scams from people who see a big pot of money and would like to have some of it.
Are You Ready for Changing After Retirement?
Planning for retirement requires thinking through several phases of life you are likely to encounter after leaving government service.
