I’ve heard rumors that Congress will be changing how our retirement is computed by mandating a “high-five” calculation, rather than a high-three. Is this likely to happen and, if it does, what will it do to our pensions?
Many federal workers who consider applying for federal disability retirement are apprehensive about the word “disability.” They think of disability in the context of Social Security Disability, which requires a claimant to be totally disabled. However, as the author notes, there is a difference between total and occupational disability, and he explains the differences as they apply to work requirements and applying for benefits.
Here are some specifics from the leading candidates and how cutting government spending could impact the federal workforce.
What are the attributes of a qualified financial advisor, and where can I find one?
I plan on retiring with 42 years and 7 months of service in Jan 2017. I will have accumulated 2500 hours of sick leave balance at time of retirement. I am in CSRS, so I was wondering what the increase in my annuity, expressed as a percentage, above the 80% value, would be due to credit for sick leave.
Retired federal employees may be wondering if they will still receive their annuity checks if the government shuts down at the end of the month. This information from the Office of Personnel Management sheds some light on this and other questions federal retirees may have.
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.