The issue of our own mortality is not one we like to think about or discuss with our loved ones. However, it is necessary for proper planning for the future, especially when it comes to matters of personal finance. The author discusses how to maximize some of your most important benefits as a federal employee in the event of your death.
If you are a federal employee who is facing an injury or illness that prevents you from working, you can apply for federal disability retirement benefits. But there are mistakes that could end up costing you the right to collect monthly benefits payments. Here are some common ones to make sure you avoid.
How much will federal retirees and Social Security recipients receive with a new COLA calculation that will go into effect in January? As of today, there would not be any increase.
The author says that it is imperative that federal employees be fully aware of and ready to access the multitude of available compensation options at their disposal when the need arises (such as a medical disability) so they can secure their financial futures. He provides an overview of some of these important available options.
Which federal organizations have the highest average salaries? Here is a listing of the top 20.
As we quickly near the latest debt ceiling limit for the federal government, the G fund will again by eyed as a temporary way to continue government spending.
When a federal employee has retired, income taxes do not go away, they just change somewhat. Federal pensions, Social Security and distributions from the Thrift Savings Plan are all taxable to some extent. These are some taxes you can expect to incur in 2015 as a retired federal employee.
The author says that studies comparing federal benefits to those in the private sector miss a key issue and that there are substantial differences in the benefit packages across industry sectors.
The Congressional Budget Office has issued a new report outlining ways to reduce the growing federal deficit. Some of the cost saving suggestions in the report would have a direct impact on federal employees and their benefits if they were to be enacted.
What will the COLA be in 2015? Here is a quick summary. The percentage will be less than the increase of the average FEHB increase next year.
