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.
The Windfall Elimination Provision (WEP) reduces, but does not eliminate, the earned Social Security benefit of a person who is also receiving a pension from a system where no Social Security payments were withheld.
If you are a retired federal employee, you may be wondering about a cost of living increase in your check in 2011. For those readers who have sent in this question, here is an answer you may not want to hear.
Your retirement annuity, whether you are CSRS or FERS, is determined by your length of service and your high-three salary. Your annuity is calculated by multiplying your high-three salary by a percentage factor that is derived from your length of service.
In calculating a FERS annuity supplement, you will find some years in which a retiree was not in pay status for the entire year. When this happens, the retiree’s salary for the entire year must, by law, be “deemed,” or legally fabricated. How is this done? Here is an explanation.
Discussion of “risk pools” and “call letters” from the Office of Personnel Management (OPM) doesn’t sound very exciting. And, in most years, the issuing of an OPM call letter doesn’t generate much press publicity in the federal community. This year may be different though.
A lot of married women leave financial matters to their husbands to handle. Some single women leave their retirement up to fate. If you don’t know how to manage money now, that doesn’t mean you can’t learn. Here are some mistakes to avoid.
Your annuity is what is known as a “defined benefit” annuity. This means it is based, essentially, on just two numbers: length of creditable service, and high-three average salary. Here is how that is calculated.
In 2010, there is no income limitation that affects your ability to convert a Traditional IRA to a Roth IRA. This doesn’t mean that you should rush right out and do a conversion. Here are some important factors to consider in order to determine whether a conversion makes sense for you.
This year, being 2010, there is no federal estate tax, regardless of the size of your estate. But what happens in 2011?
Until late last year, FERS employees in the twilight of their careers were faced with a dilemma: What should I do about my sick leave? This has recently changed and FERS employees now receive credit for their sick leave. How does this work in practice?
