Two Significant Changes to FERS
The Middle Class Tax Relief and Job Creation Act of 2012 makes two significant changes to FERS.
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.
Social Security’s Day of Reckoning Has Come
The author says that the purpose of the 1983 payroll tax hike was to generate Social Security surpluses for the next 30 years, but instead of following that plan, the government spent the money out of the general fund, thus using up the revenues on other government programs.
How is Your Federal Employee Annuity Calculated?
How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.
AFGE on 2013 COLA: It Could Have Been Worse
AFGE president J. David Cox Sr. released a statement today on the announcement of the 1.7% COLA that will be given to federal retirees and Social Security recipients in which he said, “It could have been much worse.”
Your 2013 COLA: 1.7%
Social Security has announced benefit changes for 2013. The cost-of-living adjustment that Social Security recipients will receive starting in January will be 1.7%.
Your COLA Increase for 2013: Less than 2%
The COLA increase for some federal retirees in 2013 will likely be between 1.5 and 1.7%. Here is an explanation.
Accessing Your TSP Account After Retirement
The Thrift Savings Program (TSP) is the primary retirement savings method for federal employees, and the benefits are well known. The author says that making withdrawals from your TSP account can be complicated and offers some considerations when deciding to make withdrawals.
OPM Sets Retirement Claims Processing Record for 2012
According to its latest monthly report, the number of retirement claims processed by the Office of Personnel Management processed was the most in a single month so far in 2012.
Future Retirement: Federal Workers In Good Shape
How much money is in your TSP account? Here are some averages for the federal workforce and private sector.
All TSP Funds Up Again in September
Good news for investors: All of the TSP funds had a positive return again in September but investors were cashing out of stock funds and moving into the safety of bonds at the end of the last reporting period.
