Many Federal retirees are on track for a 2.9% increase next year–and the figure is likely to be higher by the end of September.
FedSmith spoke to a man who makes less than most federal employees but follows a plan that should work for anyone wanting a secure retirement.
A federal employee on disability retirement has to follow the rules regarding “being restored to earning capacity.” This federal employee got a bill from OPM for over $18,000.
An employee who worked for the Navy for 22 years was apparently surprised when he applied for retirement and found he was not eligible.
TSP investors are not immune to scams from people who see a big pot of money and would like to have some of it.
Planning for retirement requires thinking through several phases of life you are likely to encounter after leaving government service.
Will the federal government be attractive as an employer to new college graduates? There are some bright spots and some good opportunities for Uncle Sam’s recruiters. Will the hiring process be able to meet the challenge or will it result in taking people that were turned down elsewhere?
When Congress passes legislation to stop the corruption, or at least stop the perception of corruption, will the pensions of a small number of federal employees be affected?
How well can you expect to live after your retirement from government service? Here are a couple of illustrations.
Do you have realistic plans for your retirement? Think about your lifestyle preferences and check out an area before pulling up stakes and moving. You may save yourself a lot of money and disappointment.