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.
OPM says that Service Credit System corrections are complete and the agency is providing a letter with your current account balance information to minimize the additional impact of interest accruing. The letter also tells you about the grace period so you about can maximize the flexibility of paying down your current account balance without the accrual of additional interest.
The purpose of filing for Federal Disability Retirement benefits under FERS or CSRS is to get an approval from the Office of Personnel Management. One of the ways to be effective is to cite legal authorities which support the basic criteria for eligibility.
When arguing a legal principle in an effort to obtain a benefit for a Federal or Postal Employee, effective advocacy sometimes requires two prerequisites: discretion and the recognition that “process” is sometimes as important as the “substance” of an argument.
We recently asked readers for their reaction to the 2010 health plan for federal employees. About 4700 readers sent in their views. Here are the results.