Was the FERS Special Supplement Terminated?
I thought the FERS special retirement supplement was terminated in the FY14 Budget – has it been reinstated?
I thought the FERS special retirement supplement was terminated in the FY14 Budget – has it been reinstated?
Federal employees have some unique features to their financial lives, so financial advisors should know about them.
The Federal Retirement Thrift Investment Board (FRTIB) announced today that it has awarded its life annuity contract to Metropolitan Life Insurance Company (MetLife).
Can you do the restrictive spousal benefit if you wait until full Social Security retirement age?
What are the rules about coming back to a government position after retirement in a contracted capacity? Will this affect annuity paymts?
The procedure for calculating the supplement is clearly spelled out in Chapter 51 of the CSRS & FERS Handbook, but it is a difficult process. The author offers a more concise explanation.
House Budget Committee Chairman Paul Ryan (R-WI) released the 2015 House Republican budget today which contains some proposals that would directly impact the federal workforce.
When Federal employees retire, they start getting “interim” payments, almost immediately. These payments are approximately 60% of the final, fully annuity. For FERS employees under age 62, there is also an annuity supplement of hundreds of dollars. The author offers details on these annuity payments.
The author outlines special retirement considerations in areas such as FERS annuity calculations, the Thrift Savings Plan, and insurance for federal employees who work in law enforcement.
When it becomes fully operational, the phased retirement program will allow pre-approved employees to reduce their work schedule to part-time, while simultaneously paying them a partial annuity. Will this be a net gain for employees?