Windfall Elimination and Your Retirement Future
The Windfall Elimination Provision (WEP) may impact your retirement income. Here is an explanation of the WEP and how it may impact you.
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The Windfall Elimination Provision (WEP) may impact your retirement income. Here is an explanation of the WEP and how it may impact you.
When the former wife of a retired federal employee was given 53% of his monthly annuity payment, the retired fed was unhappy with OPM so he appealed to MSPB and then to a federal court. After all the litigation: the federal retiree gets less than his former wife.
An investigator with Homeland Security would not sign a medical release form as part of a fitness-for-duty exam. He was fired for refusing to obey a direct order and took his case to the MSPB and then to court.
A federal appeals court finds that the MSPB should have accepted an appeal that was filed 60 days late. The court found several reasons for ignoring the time limits including the fact that the employee did not have an attorney, English was not his first language, and his age.
If you are getting closer to retirement, the time you may have lost in saving cannot be found again. There are a couple of steps you can take to catch-up and have a more comfortable retirement future.
TSP investors often bail out of stock funds when the stock market becomes volatile–often to their financial detriment. The market was volatile in August. Did investors react differently this time? And what are the trading costs for the funds when the market is volatile? Here is a quick summary.
Readers had strong opinions about the concept of charging a fee for frequent trading of TSP funds. Most are opposed to charging a fee or to limiting the number of transfers one can make during a year. Here are the results.
An employee of the Internal Revenue Service was fired for three years of questionable tax returns. She tried to convince the agency and third parties the problem was with her tax preparer. A federal court was not convinced and the errant IRS employee remains off the agency’s payroll.
How can you make labor relations work better in your organization? Here are ten suggestions to help you get started.
Public sector employees are saving less for retirement than those in the private sector. Here are some probable reasons for the disparity.