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.
During your working years, there may have been a nagging little voice inside your head worrying about what would happen to your family if you died before you’re able to send your children to college or marry them off. As you get closer to your retirement and the kids seem well on their way to being self sufficient, the worry changes from a concern for your early demise to the other end of the spectrum–living too long.
With tax time approaching, it is a good time for federal retirees to review the taxability of their various sources of retirement income.
We have received numerous queries from readers asking why their annuity payments decreased in January. Here is our explanation of what has occurred.
Long term care insurance has been a source of frustration for some who did not anticipate a significant increase in premiums last year. If you are considering signing up for this insurance plan, do your homework about the costs and potential benefits.
Real proposed changes to federal employee pay and benefits always lead to rumors about how some will benefit and some will be harmed. The internet gives rumors a credible life of their own. Here are some of the latest rumors and the often less dramatic reality.
The deficit commission has proposed changing federal retirement to use the highest five years of earnings to calculate civil service pension benefits for new retirees (CSRS and FERS) rather than the highest three years. How much of a difference would this make in a retirement annuity? It depends. Here are several scenarios.
This article looks at your retirement annuity when you left federal service, withdrew your contributions and did not re-deposit the money when you returned to work for Uncle Sam. What should you do?
Are you interested in a new program that may enhance your future retirement? Back in June 2009, legislation was passed authorizing creation of a Roth plan using after-tax salary into an account that will grow without any additional tax liability on future earnings. That option is now being implemented.
Were you in the military prior to 2002? Are you going to qualify for Social Security? If you answered “yes” to both questions, I have good news for you! You are going to receive extra earnings credits, which will result in a higher Social Security benefit. Here’s how it works.
Every year various agencies update numbers (generally dollar amounts) for benefits that impact federal employees and retirees. Not every agency has issued all their 2011 updates, but many of them have. Here are some of the more important financial numbers for the federal workforce in 2011.
