Tag: FERS

Retirement Cut Proposals Threaten Millions of Federal Workers

on June 12, 2018 in Retirement with 0 Comments
Recent proposals would make reductions to many of the retirement benefits for federal employees under the Civil Service Retirement System (CSRS) or Federal Employees Retirement System (FERS) in an effort to reduce budget deficits. This is a summary of some of the proposals.

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3 Bad Days or 6 Lucky Numbers

By on June 11, 2018 in Retirement with 0 Comments
3 Bad Days or 6 Lucky Numbers

Do you know your lucky numbers for retirement? The author lists six important ones for federal employees in their retirement planning.

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How is Your Retirement Annuity Calculated When Switching From CSRS to FERS?

By on June 11, 2018 in Q&A, Retirement with 0 Comments
How is Your Retirement Annuity Calculated When Switching From CSRS to FERS?

How is a retirement annuity calculated for someone who switched from CSRS to FERS?

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Observations on OPM’s Recommended Adjustments to Federal Employee Benefits

By on June 4, 2018 in Pay & Benefits with 0 Comments
Observations on OPM’s Recommended Adjustments to Federal Employee Benefits

Recent proposals would make cuts to federal employees’ benefits should they come to pass. The author analyzes their impact through a financial planning perspective.

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Will My Federal Retirement Benefits Be a Meaningful Source of Income for Me?

By on May 22, 2018 in Pay & Benefits, Q&A with 0 Comments
Will My Federal Retirement Benefits Be a Meaningful Source of Income for Me?

I entered federal service late in my working life (at age 52). Will my federal retirement benefits be a meaningful source of income for me?

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Will Proposed Compensation Changes Help or Hurt Federal Hiring?

By on May 20, 2018 in Pay & Benefits with 0 Comments
Will Proposed Compensation Changes Help or Hurt Federal Hiring?

The author offers an analysis of the recent proposals to reduce retirement benefits as they relate to pay and recruiting.

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Retire at Age 61?

By on May 14, 2018 in Retirement with 0 Comments
Retire at Age 61?

What impact can waiting an extra year to retire have on a FERS annuity? The difference might surprise you.

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Pon Hints at Major Changes Coming to Federal Compensation System

By on May 10, 2018 in Pay & Benefits with 0 Comments

At a town hall discussion held this week, OPM director Jeff Pon hinted that there may be major changes in store for federal employee compensation.

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OPM Proposes Changes to Bring Federal Benefits Closer to Private Sector

By on May 7, 2018 in Pay & Benefits with 0 Comments
OPM Proposes Changes to Bring Federal Benefits Closer to Private Sector

Major changes to federal employee benefits would save about $143,509,000,000 over ten years according to new legislative proposals from OPM director Jeff Pon.

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You Need More Than Just Social Security for a Comfortable Retirement

By on April 25, 2018 in Retirement with 0 Comments
You Need More Than Just Social Security for a Comfortable Retirement

The SSA says that Social Security is not meant to replace all of your income in retirement; therefore, it’s also critical to do your own saving.

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