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.
A bill has been introduced to allow former federal employees covered by FERS to return to the federal government and restore their credit for prior service by redepositing money they took out of their federal annuity account.
Will your spouse get a survivor’s benefit from your civil service annuity? In same cases, you may be surprised to find that the answer is “no”. A group has asked OPM to notify all Civil Service Retirement System participants about a provision that is unknown to many and that could result in a spouse not getting this important benefit.
The are different types of individual retirement accounts (IRA’s) and the requirements for investing in them are different. Here is an explanation.
The plans you have for retirement may be colored by your view of retirement as retiring from something (such as your government job or work). Remember: You are likely to live as long after you retire, as you worked for Uncle Sam prior to your retirement. Look ahead as well as looking back in you retirement planning.
TSP investors are continuing to move money from stock funds and into the G fund although the number of transfers has declined substantially. What is the risk of not putting some of your investment money back into stock funds? Should you wait until the bear market is over before moving money around?
Should employees under the FERS system use their sick leave or save it with the possibility of getting more credit toward a higher annuity payment?
No one lives forever but you will leave survivors. Your federal employee benefits are valuable. What happens to these benefits when you die as a retired federal employee? In some cases, it depends on actions you take to protect those you are leaving behind.
Federal retirement expert John Grobe recently wrote an article read by tens of thousands of readers entitled “What Happens to Your Federal Employee Benefits if You Die While Still Working?” Some readers had questions or wanted more information. Here are answers to some of the more frequent questions. Please read this in conjunction with the previous article on this subject.
COLA’s and pay raises are of interest to virtually all of our readers. There is also confusion about who gets what increase. Here is a brief explanation of the 2009 COLA and the 2009 federal employee pay raise–and why you do not get both a pay raise and a COLA.
Open season will soon be upon us. Retirement expert John Grobe says that this is a good time to look at the “five-year requirement” for federal employee health insurance and life insurance and how this requirement may impact your retirement.
