Your FERS or CSRS annuity will continue for the rest of your life, and the amount of your annuity is determined by your high-3 average salary and your years of service. The amount that you contributed to FERS or CSRS doesn’t matter.
The authors point out that as few as six hours of sick leave can increase your retirement annuity.
The unfunded liability of the older CSRS retirement system will hit a peak of $684.8 billion by 2023. Your future pension benefits should be secure despite the financial shortfall, according to OPM, as the number of people covered by CSRS continues to decline.
The author offers some details and example calculations on the lump sum, survivor annuity, and life insurance benefits.
How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.
The author says that evaluating retirement systems to determine which one is “better” is difficult, but he says that the annuity is the key element.
The House Budget Committee has approved a measure that would increase pension contribution amounts for federal employees.
We all know Federal employees are going to pay more for their pensions, and at retirement they will receive less. It may not be as bad as you think though.
What happens to your survivor annuity if you are a retired federal employee and there are changes in your life such as a death or divorce?
Congress has passed the payroll tax cut extension agreement and the President is expected to sign it. But what exactly are the details of the agreement as they relate to federal pensions?