Federal Disability Retirement under FERS and CSRS: Revisiting “Accommodation”
How does agency “accommodation” of an employee’s medical condition impact disability 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.
How does agency “accommodation” of an employee’s medical condition impact disability retirement?
You have contributed to a retirement fund for years. How do taxes work when you begin to withdraw that money? Here is a quick explanation.
You can choose to simply leave your funds in the TSP, but you can also use it to create income.
Many readers have asked retirement author John Grobe about what happens to your TSP contributions if you die with “money in the pot.” Here are some answers.
What will you do when you retire? Many people travel to places they have always wanted to visit. Author Steve Oppermann is one of these retirees. He travels around the world, when not conducting human resources seminars for federal agencies.
There would be no Social Security funding problem for at least the next 25 years, if the government had not raided the trust fund. If the trust fund held the $2.5 trillion of surplus Social Security revenue, in the form of real marketable bonds, as it should, it could continue to pay full Social Security benefits until at least 2037.
Everybody knows what the high-three is for your future retirement – right? But who knows how to calculate the high-three?
Some people just assume that, since the Social Security surplus was “borrowed” or “stolen,” during the period when it was not needed to pay Social Security benefits, the government will automatically repay the looted money when it is needed. It is not at all certain that this will happen.
There is much debate today about how solvent Social Security is, but most of the debate is over when the trust fund will run out of money, not about whether or not the trust fund actually holds real assets.
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?