OPM Retirement Claims Backlog Jumps 14%
The outstanding inventory of retirement claims jumped 14% in February according to the latest monthly status report from OPM.
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.
Sequestration Lowering Morale, Increasing Desire to Retire?
A recent FedSmith.com survey reveals that the sequester is harming morale and increasing the desire for federal workers to retire when they are eligible to do so.
Sequestration and Your TSP Account
The TSP has provided some information to participants on how sequestration may affect their accounts.
Will a Furlough Affect Leave Accrual and Retirement Annuity Benefits?
OPM has added additional guidance to its information on furloughs to cover leave accrual and retirement annuity benefits.
FERS Valuable Benefit: Social Security!
Choosing the right Social Security election can significantly impact the amount of benefits you receive over your lifetime.
How Much Does the Government Pay to Fund Your Annuity?
What percentage of a federal employee’s annuity does the government pay? The author provides the results of his investigative research.
Desire to Increase Retirement Contributions Still Around
House Majority Leader Eric Cantor (R-VA) issued a statement today which reiterated a desire to see federal employees pay more towards their retirement.
Federal Deficits and Your Federal Employee Retirement
The federal retirement program has a large “unfunded liability.” Will this impact your future retirement?
What if Your Income Dropped by 40%?
Imagine you’re retired and living on a fixed income of $5,200/month. But suddenly your income dropped to $3,000/month. What changes would you have to make? Would you be able to stay retired? Who is faced with this situation?
How is My “High-3 Average Pay” Calculated? (Part 1)
The high-3 average pay is a basic component of an employee’s retirement contribution that federal employees often find confusing. The author offers some detailed explanation to take the mystery out of it.
