17 Years Later–Former Fed Learns Expensive Lesson
When you leave federal service before being eligible for retirement, what are the implications of taking a lump sum payment? This former Navy employee discovered the answer.
When you leave federal service before being eligible for retirement, what are the implications of taking a lump sum payment? This former Navy employee discovered the answer.
If you are a federal employee and do not know your MRA (Minimum Retirement Age), you are probably in the CSRS system. There is a financial penalty for FERS retirees who leave government under the MRA +10 provision. Look before you leap!
The Postal Service reached a settlement with an employee being demoted. The former postmaster was to apply for disability retirement and the agency was to cooperate and facilitate his application. A federal court says the agency did not live up to its end of the bargain and send the case back to the MSPB.
What is the view of those who work within the government? Do taxpayers get a good return for their tax dollars?
Many federal retirees will get a cost of living boost next year of 3.3 percent. But active federal employees will get something less–perhaps the same 2.2 percent approved for military personnel or perhaps 2.7 percent.
The annual COLA increase for federal retirees is still going up and will become effective in January 2007.
A former federal employee hired an attorney for two cases. Unfortunately for the former fed, the attorney did not make any arguments on the case the court had the authority to review.
Why do people work for the federal government? There are many reasons given by readers and some that don’t think the federal government is a very good employer.
What are the considerations in deciding when to retire? Should you wait until the end of the year? Which year? Which month? Here is an explanation of some major factors to consider in your decision.
What is the best day to retire in 2005? It depends on several factors. This article describes the factors readers need to consider before deciding.