The only thing 100% clear about the FERS annuity supplement is that it ends at age 62.
How much will you receive in retirement income when you retire? Here are some examples that will demonstrate how your retirement income is calculated.
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?
We have received numerous queries from readers asking why their annuity payments decreased in January. Here is our explanation of what has occurred.
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.
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?
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.
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.
Until late last year, FERS employees in the twilight of their careers were faced with a dilemma: What should I do about my sick leave? This has recently changed and FERS employees now receive credit for their sick leave. How does this work in practice?
You have contributed to a retirement fund for years. How do taxes work when you begin to withdraw that money? Here is a quick explanation.