OPM Improves Retirement Processing Claims Pace in August
OPM was able to process more retirement claims in the month of August than were received.
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.
How Are Your TSP Funds Invested?
How do your TSP investments compare to how others invest? How do your investments compare with the advice of one well-known financial advisor?
Taxes and Your Roth TSP Account
Could funds in your Roth TSP be taxed when you withdraw them? The answer is “yes, if you are not careful.”
Your COLA for 2014: Higher or Lower than in 2013?
How much of a COLA increase will you see in 2014? How would the “chained CPI” impact this payment if it were enacted?
Do You Understand the True Cost of Your Retirement Plan?
There are a number of factors that need to be taken into consideration when identifying your savings options for retirement. Cost is not the only consideration, but an important one since fees can seriously erode your earnings.
How Will Furloughs Affect Your Retirement?
Will the furloughs have an impact on your federal retirement annuity?
Retirement Myths: What Determines Your Retirement Annuity?
Your FERS or CSRS annuity will continue for the rest of your life, and the amount of your annuity is determined by your high-3 average salary and your years of service. The amount that you contributed to FERS or CSRS doesn’t matter.
OPM Still Has Sizable Retirement Claims Backlog
As of the end of July, OPM still had over 25,000 outstanding retirement claims in its inventory. However, that number is down from almost 45,000 last July.
Should Federal Employees Continue to be in the FEHBP?
Should federal employees continue to have a separate health insurance program or become part of the health insurance exchanges being set up now for the American public?
NARFE Questions Aspects of OPM’s Phased Retirement Option
The National Active and Retired Federal Employees Association (NARFE) recently sent a letter to OPM with some concerns about the proposed phased retirement option for federal employees.
