Unlock the complexities of the Federal Employees Retirement System (FERS) with our insightful collection of articles. Federal retirees will find resources to help learn about the intricacies of FERS annuities, exploring key aspects of retirement planning and financial security. Stay informed about the impact of Cost of Living Adjustments (COLA) on FERS benefits, ensuring a comprehensive understanding of your retirement income. Explore topics ranging from annuity calculations to the latest updates on COLA adjustments, empowering you to make informed decisions for a secure and fulfilling retirement.
The author says that under CSRS, a do-it-yourself approach to retirement was more practical for federal employees, but those under FERS may face bigger obstacles trying to go it alone.
The Social Security earnings test will affect any Social Security recipient from the age of 62 until they reach their Social Security Full Retirement Age (FRA). For every dollar earned above the earnings test amount, there is a reduction to an individual’s FERS Supplement or Social Security.
What is the definition of an “eligible child” with respect to receiving survivor benefits? The author provides some details of survivor benefits as they relate to children of federal employees.
There are circumstances under which former military members who subsequently work for the federal civil service short of a 20 years active duty military retirement can buy time for civil service pension accrual purposes.
Do you want to ensure that you spouse remains covered by FEHB after your death? Then you want to elect some level of survivor benefit for your spouse at the time you retire. The author describes some considerations for choosing a survivor benefit.
The majority of federal employees will not retire with over $1 million in the TSP, however, the author says there are ways to generate equivalent income via other means.
Actuaries tell us that a 55 year old can expect to live another 30 years. How will you spend those days after you leave the workforce? The author provides some suggestions on how to find your retirement dreams and make them a reality.
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?
What can federal employees expect to happen to their benefits if they pass away after retiring from federal service?
Can I opt out or not contribute to the FERS-FRAE annuity system?
