Federal Workforce News
Turning Your TSP into an Income Stream
Turning accumulated savings in the Thrift Savings Plan (TSP) into a stream of income is a goal for federal employees who are hoping to retire at a comfortable…
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.
Retirement
Far From the Madding Crowd
Where will you live when you retire and can choose anyplace you want to go? One federal employee couple opted for a different lifestyle spending their summers in…
Federal Workforce News
Going Back to Work for Uncle Sam
Are you thinking of returning to work as a federal employee after retirement? This article does not address why you might want to do this but factors to…
Retirement
The Windfall Elimination Provision: How Does It Work? To Whom Does It Apply?
The Windfall Elimination Provision (WEP) reduces, but does not eliminate, the earned Social Security benefit of a person who is also receiving a pension from a system where…
Retirement
2011 COLA Update
If you are a retired federal employee, you may be wondering about a cost of living increase in your check in 2011. For those readers who have sent…
Federal Workforce News
What Goes into Your “High-Three” Salary Calculation?
Your retirement annuity, whether you are CSRS or FERS, is determined by your length of service and your high-three salary. Your annuity is calculated by multiplying your high-three…
Retirement
What are “Deemed” Salaries, in the FERS Annuity Supplement?
In calculating a FERS annuity supplement, you will find some years in which a retiree was not in pay status for the entire year. When this happens, the…
Retirement
Medicare and Federal Employee Health Insurance
Discussion of "risk pools" and "call letters" from the Office of Personnel Management (OPM) doesn't sound very exciting. And, in most years, the issuing of an OPM call…
Federal Workforce News
Women and Money
A lot of married women leave financial matters to their husbands to handle. Some single women leave their retirement up to fate. If you don't know how to…
Retirement
How Is Your Annuity Calculated?
Your annuity is what is known as a "defined benefit" annuity. This means it is based, essentially, on just two numbers: length of creditable service, and high-three average…