OPM Reduces Retirement Backlog
The Office of Personnel Management was able to make a sizable reduction in the number of backlogged retirement claims last month, the first reduction seen in the backlog so far in 2014.
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.
Social Security: The 3rd Rail of Politics
The author says that the House budget proposal released recently isn’t about the math of Social Security, but rather just about the politics of the debate over what to do with the program.
Ryan Budget Calls for Hike in Federal Employee Retirement Contributions
House Budget Committee Chairman Paul Ryan (R-WI) released the 2015 House Republican budget today which contains some proposals that would directly impact the federal workforce.
GPO, WEP and Your Future Social Security Benefits
The Windfall Elimination Provision (WEP) and Government Pension Offset (GPO) are two provisions of the Social Security law that affect Social Security benefits to which CSRS retirees may be entitled. The author provides some details about these as they relate to federal employees.
How Federal Employees Can Speed Up Processing Their OPM Retirement Applications
These are some common errors federal employees should avoid to help speed up processing their OPM retirement applications.
For New Retirees: More Money in the Interim Payment
When Federal employees retire, they start getting “interim” payments, almost immediately. These payments are approximately 60% of the final, fully annuity. For FERS employees under age 62, there is also an annuity supplement of hundreds of dollars. The author offers details on these annuity payments.
The Impact of Life Expectancy on Social Security
The author says that increasing life expectancies in America creates two financial burdens for Social Security and offers some detail on what this means.
TSP’s Roth vs. Traditional Roth IRA: Advice From an Expert
Should you invest in the Roth option within the Thrift Savings Plan or do a traditional Roth IRA? One financial advisor offers his advice to a member of the Air Force on what he believes is the best choice.
OPM’s Retirement Backlog Continues to Grow
The outstanding backlog of retirement claims grew again in February according to new data from the Office of Personnel Management.
Special Retirement Considerations for Some Federal Employees
The author outlines special retirement considerations in areas such as FERS annuity calculations, the Thrift Savings Plan, and insurance for federal employees who work in law enforcement.
