Tag: Annuity

President’s Deficit Proposal to Target Federal Employee Pensions

By on September 19, 2011 in Retirement with 0 Comments

The President has released a proposal outlining his ideas for ways to cut the growing federal deficit. The plan aims to make as much as $3 trillion in cuts, some of which would directly affect federal employees if they were to be enacted.

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The High-Five Average Salary

By on July 26, 2011 in Retirement with 0 Comments

There is a great deal of interest in the high-5 calculation for federal retirement. Is it really going to happen? When will it take effect? How will it work? Is there some way I can estimate “right now” how much difference it will make?

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The Earnings Test for Your FERS Annuity Supplement

By on June 13, 2011 in Retirement with 0 Comments

The only thing 100% clear about the FERS annuity supplement is that it ends at age 62.

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FERS and Your Future Retirement: How Much Will You Receive After Retirement?

By on February 27, 2011 in Retirement with 0 Comments

How much will you receive in retirement income when you retire? Here are some examples that will demonstrate how your retirement income is calculated.

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Military Buyback: Should I Pay the Money?

By on February 8, 2011 in Retirement with 0 Comments

A Federal employee with prior military service has the option of making a deposit into the retirement fund, in order to receive credit for this service in his annuity. Is it worthwhile for the employee to make the deposit?

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Why Did Your Federal Annuity Payment Go Down?

By on January 31, 2011 in Retirement with 0 Comments

We have received numerous queries from readers asking why their annuity payments decreased in January. Here is our explanation of what has occurred.

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Overpaying FERS Annuity Supplements?

By on November 22, 2010 in Retirement with 0 Comments

What is the FERS annuity supplement and how is it calculated? The author says that OPM is over-paying FERS annuity supplements because of differences in how OPM calculates the supplement from how the Social Security Administration calculates payments.

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What is the Maximum Annuity Supplement in 2010?

By on August 23, 2010 in Retirement with 0 Comments

FERS employees who retire prior to age 62 are entitled to an annuity supplement, either immediately or upon attaining the MRA (Minimum Required Age). Some believe the supplement can equal, or even exceed, the amount of the annuity itself. Can this be true?

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What are "Deemed" Salaries, in the FERS Annuity Supplement?

By on April 22, 2010 in Retirement with 0 Comments

In calculating a FERS annuity supplement, you will find some years in which a retiree was not in pay status for the entire year. When this happens, the retiree’s salary for the entire year must, by law, be “deemed,” or legally fabricated. How is this done? Here is an explanation.

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Divorce, Death, Children and a Federal Retirement Annuity

By on March 30, 2010 in Court Cases with 0 Comments

A federal court has upheld OPM in following the order of a divorce court to pay a portion of a retiree’s civil service annuity to his two adult children following the death of his ex-wife.

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