Tag: CSRS

Medicare Part B Premiums Are Scheduled to Rise 52% in January

By on August 31, 2015 in Retirement with 324 Comments
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.

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Do You Know the ‘Goldilocks Principle’ To Federal Retirement?

By on August 9, 2015 in Retirement with 51 Comments
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.

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Some CSRS Offset Employees Will Receive Extra Money (and Interest)

By on July 16, 2015 in Pay & Benefits, Retirement with 10 Comments
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.

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Advice from One of Our Readers on Federal Retirement

By on April 30, 2015 in Retirement with 64 Comments
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.

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Can I Transfer TSP Funds Into My VCP Account?

By on April 17, 2015 in Q&A with 4 Comments

Am I allowed to transfer funds from my TSP account into my Voluntary Contribution Program account?

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Impact of Government Pensions on Social Security

By on April 1, 2015 in Q&A with 26 Comments

I retired under CSRS and then went to work for the state government under a state pension system. How will the two government pensions affect my Social Security benefits?

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Penalty for Withdrawing From TSP

By on March 24, 2015 in Q&A, Retirement with 11 Comments

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 ?

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CSRS Offset and Social Security Deductions

By on March 16, 2015 in Q&A, Retirement with 2 Comments

My husband’s personnel office just found out that he should have been in CSRS Offset after 21 years of coming from the DC Government. After his maximum SS tax was reached, his personnel office stopped the SS deduction. In the past, after the maximum was reached he has received the SS contribution in his paycheck. Was this done correctly?

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CSRS, FERS and Considerations in Redepositing Money

By on March 12, 2015 in Q&A, Retirement with 0 Comments

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?

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40+ Years of Service: What Happens to Those Extra Retirement Contributions?

By on March 2, 2015 in Retirement with 6 Comments

When I retire how will I receive the retirement monies that were taken out after working for over 40 years?

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