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.
With proposed changes to federal pay and benefits swirling in Congress, rumors start and spread quickly. One that recently surfaced: OPM is canceling interim retirement payments. Here is the answer from the agency.
The FERS annuity supplement is commonly believed to be linked to the Social Security Administration (SSA), even to the point where some believe the benefit is actually administered by SSA rather than the Office of Personnel Management (OPM), but this is not the case.
Why does it take so long for federal employees to get their retirement benefits? Perhaps it is the fault of the employees and the agency benefit specialists that assist in preparing the applications for retirement. OPM is offering training to improve their job performance.
OPM has not yet released official numbers for costs in benefits changes for 2012 that would be affected by the recent COLA. The author offers his best estimates as to how the cost of the FERS basic death benefit and children’s survivor benefits are likely to change next year.
Reports have been in the news about OPM’s poor performance regarding processing annuity payments for new retirees. What is the real cause of this problem?
Are you a current or retired federal employee who will be turning 65 soon along with millions of other baby boomers? If so, how will you answer this question: “Should I sign up for Medicare, Part B?”
Married employees considering retirement have choices regarding the survivor annuity. Do they want/need it? If they do opt for the survivor annuity, how much do they want it to be? How much will it cost?
What is the best day for a federal employee to retire? Here are suggested retirement dates through 2020 from a federal retirement expert.
The author says that he was surprised to find that members of Congress and the media have been mostly silent on sharing information about what he refers to as “the looting of Social Security.”
Not everyone understands how the Social Security earnings test works and how it may impact your retirement income. Here is an explanation.
