About That “High-Five” Retirement Calculation
The federal retirement plan is one of the biggest benefits of being a federal employee. Changes are coming that will impact many readers and most of the changes are not going to improve the program.
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.
3 Big Whammies for Early Social Security
Starting Social Security at age 62? Or anytime before your Full Social Security Age (65-67)? Most Federal Employees are too – but they usually haven’t heard of the three big whammies that come with starting Social Security early. Don’t let these whammies catch you by surprise.
Planning for Retirement Throughout a Federal Career
The author says that proper planning for retirement from a federal career must take place throughout an employee’s entire career. He covers some important areas federal employees should consider as part of this planning process.
Retired Reservists Can Legally “Double Dip”!
It is a common misconception that anyone receiving military retired pay cannot also receive federal civilian retirement credit for their military service. However, a significant exception applies to people receiving military retired pay based on reserve service.
President’s Budget Proposes Increased Retirement Contributions for Federal Workers
Although it is arriving about two months late, the White House has released its budget proposal for 2014 this week. The budget contains some recommendations that would directly impact the federal workforce including higher retirement contributions for current federal workers.
Social Security vs. Federal Employees: Cumulative Pay Increases
The author compares the historical pay increases of current federal employees to retirees on Social Security to see which group comes out ahead.
The “Chained CPI” and Your Federal Retirement Package
The “chained CPI” seems more likely than it did when the concept was first announced. What is the chained CPI and how would it impact current and future federal retirees?
Unique ‘Gaps’ in Your FERS Retirement Income
Did you know that your FERS retirement income will have some unique twists and turns? Your retirement income will start, stop and change in ways that simply won’t compute in most financial planning calculators. Find out how your income will change, and what it means for your ‘Gap’.
What Happens to Your Benefits If You Die After You Retire?
The author details what you can expect to happen to your federal benefits if you pass away during retirement.
The Long Term Effects of the Pay Freeze
What is the overall impact of the pay freeze on employees retiring in the near future? The author runs some hypothetical numbers to illustrate.
