Leaving Federal Service Early: Should You Take a Lump Sum of Your Retirement Contributions?
If you leave federal service before you are eligible to retire immediately, should you take a lump sum payment or wait for a pension?
Stay informed on the latest FERS retirement news, including updates on FERS annuity calculations, retirement eligibility rules, service credit, COLA adjustments, and federal retirement policies that affect current and future retirees. Find clear explanations of FERS benefits, survivor options, the FERS supplement, and key guidance to help federal employees understand how their retirement income is calculated and how policy changes may impact long‑term financial security.
If you leave federal service before you are eligible to retire immediately, should you take a lump sum payment or wait for a pension?
Is your FERS pension taxable? As the author explains, federal employees could wind up with a smaller monthly income in retirement than they were expecting.
The author says that the “process” of applying for Federal Disability Retirement largely requires convincing convincing OPM your case is valid.
Have you considered these inherent risks to your retirement plans?
These are some of the biggest risks federal employees under FERS could potentially face.
One Congressman is making another attempt to ensure CSRS and FERS federal retirees get the same COLAs.
What impact can a divorce have on your FERS pension? The author describes a common scenario.
How valuable is your pension? The author provides a simple calculation to help illustrate.
What would happen to your spouse if you were to pass away before retiring from federal service? These are some important considerations.
There are a number of special provisions afforded to certain federal employees under FERS.