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.
How Much Do You Know About Funding of the Federal Retirement System?
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.
Notes on the Lump Sum, the Survivor Annuity, and Life Insurance
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?
How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.
The Best Annuity: FERS or CSRS?
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.
Full Annuity Payments – How Fast?
FedSmith.com recently polled our users to see how long it took recent retirees to receive their full annuity payments. Here are the results.
Is the Long-Term Gain Worth the Short-Term Loss?
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.
10 Potential Mistakes To Avoid When Considering Retirement
The author outlines ten common mistakes federal retirees should strive to avoid to get the most out of their retirement benefits.
The Practical Effects of the Proposed Pension Changes
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.
House Bill Would Extend Pay Freeze, Increase Retirement Contributions
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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