Proposed Cuts to Your Retirement COLA
Recent recommendations in Congress could have a negative impact on the cost of living adjustment (COLA) for federal employee retirees.
Federal Employee Retirement
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.
Americans Overestimate Federal Benefit Costs
On average, Americans think the federal government spent 10 percent of its 2010 budget on pensions and retiree benefits; the OMB figures indicate the real number is about 3.5 percent. Another area that is not often talked about is the big difference for federal workers and state workers is that federal employees pay significant premiums for their health insurance.
OPM: Retirees’ Annuity Payments Are Safe in Shutdown
OPM said in a statement that checks and direct deposits for federal retirees will still be distributed as usual on the first business day of the month.
They Want Me to Pay Seven Times More Toward My Retirement?
A change to the contribution to be made by federal employees to their defined benefit pension has been proposed in a new budget proposal unveiled this week. What would this change mean for most federal employees?
When the Highest Rate of Return Isn’t the Best
Here is a real story about someone who had enough money to retire but got caught up in chasing rates of return and had to return to work. Before you allocate your TSP, make sure you stay focused on your goals — not just chasing the highest rates of return.
FERS and the Special Retirement Supplement
What is the Special Retirement Supplement (SRS) and why is it important for FERS employees?
Comparing the CSRS Offset Program to CSRS and FERS
What is the CSRS offset program and how is it different from the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS)?
Public-Private Employee Retirement Parity Act
This bill would end the defined benefit pension portion of the Federal Employee Retirement System (FERS) for new federal government hires starting in 2013. Current federal employees would not be affected, but it would apply to members of Congress.
Senators Propose Ending FERS Defined Benefit Pensions for New Employees
Senators Richard Burr (R-NC) and Tom Coburn (R-OK) have introduced the Public-Private Employee Retirement Act of 2011 which would end the defined benefit pension portion of the Federal Employee Retirement System (FERS) for new federal government hires starting in 2013. Current federal employees would not be affected, but it would apply to members of Congress.
Retirement and the Federal Employee: What a Difference a Day Can Make!
When is the best day to retire? It depends. Here are a couple of examples and how it may impact your finances.
