Retirement
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.
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.
Federal Workforce News
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…
Retirement
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.
Retirement
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…
Retirement
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.…
Retirement
FERS and the Special Retirement Supplement
What is the Special Retirement Supplement (SRS) and why is it important for FERS employees?
Retirement
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)?
Federal Workforce News
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…
Retirement
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…
Retirement
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.