Retirement: Planning the Rest of Your Life
It’s up to federal employees to take full advantage of the retirement benefits offered to them. The best way to ensure your golden years are indeed golden is to plan right now.
It’s up to federal employees to take full advantage of the retirement benefits offered to them. The best way to ensure your golden years are indeed golden is to plan right now.
How much money have federal retirement funds contributed to help the government continue to operate? About $186 billion.
Twenty different groups signed a letter addressed to OMB Director Jacob Lew and Treasury Secretary Tim Geithner seeking answers to several questions about how a debt default would affect federal employees.
The federal government will receive about $172 billion in August. That is not enough to pay expenses. Who will get paid and who won’t get paid if the debt ceiling is not raised?
When you learned to drive, you were taught to be on the lookout for others on the road including cars, bicyclists, small children and pets. What does driving have to do with your federal benefits? The same principles you learned as a new driver can help you navigate your federal career.
The latest budget proposal from the administration does not adopt many of the recommendations from the deficit reduction commission and does not propose substantial changes to the federal retirement system. Here are some of the changes proposed to save money by the federal government that will impact some in the federal community–including one agency where the agency would initiate a buyout of jobs no longer needed.
Would you mind a reduction in your CSRS annuity of about $3900 over ten years? Would you mind a reduction of about $1000 less in your FERS annuity during the same time period? If so, you may want to read a new proposal being floated that could have an impact on your retirement income.
Rep. Dennis Ross (R-FL) gave the opening statement at the Federal Workforce Subcommittee Hearing on Federal Pay in Washington on March 9. In the statement, he said that federal employees perform essential services for the government, but cited figures showing that they are overpaid relative to their private sector counterparts.
How much will you receive in retirement income when you retire under the Civil Service Retirement System (CSRS)? Here are some examples that will demonstrate how your retirement income is calculated.
How much will you receive in retirement income when you retire? Here are some examples that will demonstrate how your retirement income is calculated.