How Is Your Annuity Calculated?

By on April 4, 2010 in Retirement with 0 Comments

Your annuity is what is known as a “defined benefit” annuity. This means it is based, essentially, on just two numbers: length of creditable service, and high-three average salary. Here is how that is calculated.

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Your Unused FERS Sick Leave: How Much is it Worth At Retirement?

By on March 19, 2010 in Retirement with 0 Comments

Until late last year, FERS employees in the twilight of their careers were faced with a dilemma: What should I do about my sick leave? This has recently changed and FERS employees now receive credit for their sick leave. How does this work in practice?

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Federal Disability Retirement under FERS and CSRS: Revisiting "Accommodation"

By on March 12, 2010 in Current Events, Retirement with 0 Comments

How does agency “accommodation” of an employee’s medical condition impact disability retirement?

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FERS and CSRS Disability Retirement: Sometimes the Process is just as important as the Substance of an Argument

By on February 6, 2010 in Current Events with 0 Comments

When arguing a legal principle in an effort to obtain a benefit for a Federal or Postal Employee, effective advocacy sometimes requires two prerequisites: discretion and the recognition that “process” is sometimes as important as the “substance” of an argument.

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The FERS Annuity Supplement: What Makes The Estimate Wrong

By on February 4, 2010 in Retirement with 0 Comments

The FERS annuity estimate is really simple to calculate. But the actual supplement you are paid can be significantly less than the estimate. How does this happen?

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New (Significant) Financial Benefits From an Old Program (For CSRS and CSRS-Offset Employees Only)

By on January 15, 2010 in Retirement with 0 Comments

In the past, many CSRS employees have been excluded from contributing to a Roth due to their income level. Here is information about a program that provides a way for CSRS and CSRS-Offset employees to get large sums into a Roth IRA.

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The FERS Special Retirement Supplement (and Special Category Employees)

By on September 10, 2009 in Retirement with 0 Comments

The Special Retirement Supplement (SRS) is a payment that is made by OPM and is designed to approximate the amount of an age 62 Social Security benefit that is due to civilian service under the FERS retirement system. Most FERS retirees begin receiving the SRS at their Minimum Retirement Age.

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FERS, Sick Leave and Your Retirement: How Much Is This New Benefit Worth to You in Dollars and Cents?

By on April 5, 2009 in Retirement with 0 Comments

A bill is moving through Congress that would allow FERS employees to count unused sick leave in computing retirement benefits. Is it more beneficial to take the leave or to save it for using in computing retirement benefits? Here are a few considerations–if this bill does get passed by Congress.

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Nearing Retirement? You Probably Have Reason to be Thankful

By on August 2, 2006 in Retirement with 0 Comments

Nearing retirement? You are probably in the CSRS. Be thankful; you are in a system that is a remnant of America’s golden economic age.

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Retiring? Think About This!!

By on August 2, 2005 in Retirement with 0 Comments

What are the considerations in deciding when to retire? Should you wait until the end of the year? Which year? Which month? Here is an explanation of some major factors to consider in your decision.

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