Tag: CSRS
Medicare Part B Premiums Are Scheduled to Rise 52% in January
Starting in January, most retirees under the Civil Service Retirement System (CSRS), who also are enrolled in Medicare Part B, could see a 52% jump in their monthly Medicare premiums.
Do You Know the ‘Goldilocks Principle’ To Federal Retirement?
A growing percentage of federal employees are either eagerly preparing for or nervously holding off retirement. The author says that you do not want to retire too soon and risk financial ruin in your Golden Years, but you also do not want to wait until too late to retire. He explains some ways to determine the best time to retire that works for you.
Some CSRS Offset Employees Will Receive Extra Money (and Interest)
Are you a CSRS offset retiree? If you are in this group of federal employees, a letter coming from the Defense Finance and Accounting Service (DFAS) may interest you as you may be in for at least a small, unexpected financial gain.
Advice from One of Our Readers on Federal Retirement
One of FedSmith.com’s readers shares his personal retirement story and advice for other federal employees based on his recent experience with the process.
Can I Transfer TSP Funds Into My VCP Account?
Am I allowed to transfer funds from my TSP account into my Voluntary Contribution Program account?
Penalty for Withdrawing From TSP
I am age 64 and retired from GSA in 2008 under the CSRS, having worked 36+ years. Is there a penalty for me to withdraw some or all of my TSP before age 70 1/2 ?
CSRS, FERS and Considerations in Redepositing Money
I’m planning to retire at 62 and my human resources department has presented me with the option of depositing $9,645.00 (roughly 3K + 6K interest). If I don’t deposit for the period I was not under CSRS then I will receive $80.38 less per year in retirement (provided I retire now). Is this correct?
40+ Years of Service: What Happens to Those Extra Retirement Contributions?
When I retire how will I receive the retirement monies that were taken out after working for over 40 years?
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