14.2% Yearly Increase in TSP Balance for FERS
From the end of December 2018 to the end of December 2019, the average TSP balance for FERS employees was up almost 14.2%.
FERS
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.
Rewarding High Performers and Chopping Benefits
OPM has released its proposed legislative changes impacting pay and benefits for the federal workforce. Here is a summary.
Federal Retirement Benefits on the Chopping Block
While the proposed budget cuts to federal employees’ retirement are familiar, the author says they contain a key difference this time.
Applying for FERS Disability Retirement: Overcoming Procrastination
Do you find yourself procrastinating on your FERS Disability Retirement application? The author interviews an expert for ideas on how to overcome procrastination.
Cutting Federal Benefits to Align With Private Sector
The 2021 budget proposes major changes in federal benefits to align more closely with private sector benefits.
2021 Budget Proposal Would Eliminate FERS COLA, SRS
A number of reductions to federal employees’ retirement benefits have been proposed in the President’s 2021 Budget.
Task Force Proposes Eliminating FERS
A task force report urges major changes to the civil service system from pay and benefits to handling removal actions and appeals by federal employees.
The Social Security Double Tax Bomb
As the author explains, federal employees who think their taxes will be lower in retirement could be in for an unpleasant surprise.
Does Time at a U.S. Military Academy Count Toward Civilian Service?
An appeals court considered whether the 5 year requirement of civilian service to quality for an annuity could be met in part with service as a cadet at West Point.
FERS Disability Retirement and OWCP: Common Misconceptions
Are you filing for both FERS Disability Retirement and OWCP? Here are some important things you must know.
