Tag: Annuity
Should I Stay or Should I Go?
Federal employees are often being asked to do more work without any more reward. A common lament is that the work keeps piling up as more employees leave, and it just isn’t worth it if retirement benefits are going to be re-structured, on top of it. The author offers some tips to see if retiring earlier is worth doing.
CSRS Is Better Than FERS. Are You Sure?
The author walks the reader through some examples to illustrate that the CSRS retirement system may not be better than the FERS retirement system, despite popular belief to the contrary.
President’s Deficit Proposal to Target Federal Employee Pensions
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.
The High-Five Average Salary
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?
The Earnings Test for Your FERS Annuity Supplement
The only thing 100% clear about the FERS annuity supplement is that it ends at age 62.
FERS and Your Future Retirement: How Much Will You Receive After Retirement?
How much will you receive in retirement income when you retire? Here are some examples that will demonstrate how your retirement income is calculated.
Military Buyback: Should I Pay the Money?
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?
Why Did Your Federal Annuity Payment Go Down?
We have received numerous queries from readers asking why their annuity payments decreased in January. Here is our explanation of what has occurred.
Overpaying FERS Annuity Supplements?
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.
What is the Maximum Annuity Supplement in 2010?
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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