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.
For federal employees in the FERS system, the Thrift Savings Plan is intended to provide 1/3 of your retirement income. So, how do you go about creating a plan for your TSP that won’t leave you scratching lottery tickets as a last resort?
How to fix Social Security is a topic that has been around ever since a demographer realized that the number of workers supporting an individual Social Security recipient was gradually dropping. The options are to cut benefits or raise more revenue.
When arguing a legal principle in an effort to obtain a benefit for a Federal or Postal Employee, effective advocacy sometimes requires two prerequisites: discretion and the recognition that “process” is sometimes as important as the “substance” of an argument.
The FERS annuity estimate is really simple to calculate. But the actual supplement you are paid can be significantly less than the estimate. How does this happen?
Many people contemplating retirement from the government but still in their fifties plan on working in the private sector. This can result in a substantial income but you might be surprised at what happens in your income tax return.
The days of ignoring your Thrift Savings Plan are over, at least if you want to have some hope of managing for positive returns.
Some financial planners believe that a survivor annuity is a good choice, while others may encourage you to forgo a survivor annuity and to purchase life insurance with the money you “saved” by not electing a survivor annuity. Here are several considerations.
Federal agencies have the authority to hire retired federal employees without a reduction in their federal pension benefit. There are requirements that must be met by agencies and restrictions on the hiring authority.
Memo from OPM notifying agencies they may begin using newly enacted legislation to begin hiring retired federal employees and outlining the requirements for using this authority.
As we near or enter retirement, another aspect of retirement that may become part of your agenda is caring for aging parents.
