Tag: CSRS

Before You Take the CSRS VCP Annuity…

Many times when people consider the VCP annuity, it looks like a viable option. However, there are critical problems with the CSRS VCP annuity that you should know about before you sign on the dotted line.

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How Much Do You Know About Funding of the Federal Retirement System?

November 14, 2012 6:49 AM

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.

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Notes on the Lump Sum, the Survivor Annuity, and Life Insurance

October 24, 2012 5:35 PM

The author offers some details and example calculations on the lump sum, survivor annuity, and life insurance benefits.

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How is Your Federal Employee Annuity Calculated?

October 16, 2012 7:06 PM

How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.

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The Best Annuity: FERS or CSRS?

September 22, 2012 5:26 PM

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.

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Full Annuity Payments – How Fast?

August 19, 2012 5:36 PM

FedSmith.com recently polled our users to see how long it took recent retirees to receive their full annuity payments. Here are the results.

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Is the Long-Term Gain Worth the Short-Term Loss?

May 16, 2012 8:56 PM

The author tells a true story of a federal employee and friend who suffered some serious health problems and had to contend with leave without pay and retirement annuity considerations to cover his medical bills.

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10 Potential Mistakes To Avoid When Considering Retirement

March 27, 2012 9:59 PM

The author outlines ten common mistakes federal retirees should strive to avoid to get the most out of their retirement benefits.

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The Practical Effects of the Proposed Pension Changes

January 26, 2012 8:11 PM

The author illustrates a hypothetical scenario of two FERS employees with identical salary histories to show the dramatic impact the recently proposed pension reduction bill, as currently written, would have on future federal retirees.

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House Bill Would Extend Pay Freeze, Increase Retirement Contributions

December 9, 2011 6:22 PM

Republicans in the House have introduced legislation that would extend the pay freeze on federal employees as well as increase employee retirement contributions under both CSRS and FERS.

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