Bill Would Ban Pensions for SSA Employees Convicted of Felonies
Recently introduced legislation would prohibit some federal employees from receiving their pensions if they were convicted of crimes in their official job duties.
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.
Recently introduced legislation would prohibit some federal employees from receiving their pensions if they were convicted of crimes in their official job duties.
The projected COLA increase for 2022 keeps going up. The latest inflation figures show inflation increasing and projected 6.1% COLA for 2022.
After retiring from federal service, federal employees can leave money in the TSP or move it to an IRA. These are some considerations in weighing this decision.
OPM is busier processing retirement applications at certain times of the year. This can increase how long it takes for you to start getting your pension.
The OPM retirement backlog edged slightly higher in June 2021.
Legislation has been reintroduced to allow a buyback for time working as a temporary employee to count toward federal retirement payments.
Inflation is up this year which will likely boost next year’s COLA for federal retirees, but there is some bad news for FERS retirees.
How has Social Security weathered the COVID-19 storm?
Current or retired federal employees under FEHB can get reimbursements for Medicare Part B premiums in some instances.
Retirement is a big time of transition for federal employees. These are some considerations in planning for this next chapter of your life.