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.
Why does it take so long for federal employees to get their retirement benefits? Perhaps it is the fault of the employees and the agency benefit specialists that assist in preparing the applications for retirement. OPM is offering training to improve their job performance.
OPM has not yet released official numbers for costs in benefits changes for 2012 that would be affected by the recent COLA. The author offers his best estimates as to how the cost of the FERS basic death benefit and children’s survivor benefits are likely to change next year.
Reports have been in the news about OPM’s poor performance regarding processing annuity payments for new retirees. What is the real cause of this problem?
Are you a current or retired federal employee who will be turning 65 soon along with millions of other baby boomers? If so, how will you answer this question: “Should I sign up for Medicare, Part B?”
Married employees considering retirement have choices regarding the survivor annuity. Do they want/need it? If they do opt for the survivor annuity, how much do they want it to be? How much will it cost?
What is the best day for a federal employee to retire? Here are suggested retirement dates through 2020 from a federal retirement expert.
The author says that he was surprised to find that members of Congress and the media have been mostly silent on sharing information about what he refers to as “the looting of Social Security.”
Not everyone understands how the Social Security earnings test works and how it may impact your retirement income. Here is an explanation.
Employees and retirees live in the same environments and are subject to the same increases in the cost of living, but the general, annual raise they get is different. The author outlines sample annual raises for three hypothetical employees.
The COLA percentage amount for both FERS and CSRS was announced on October 19. OPM has issued official guidelines on how to calculate your COLA increase.
