Do You Know the ‘Goldilocks Principle’ To Federal Retirement?
The author says that you do not want to retire too soon and risk financial ruin in your Golden Years, but you also do not want to wait until too late to retire.
FERS
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.
Federal Retirement Contributions and Pension Calculations: More Changes Coming?
Will the federal retirement system be changed to require greater contributions from federal employees in the near future? Will the retirement computation change from a high three to high five? Here is a quick summary of pending issues federal employees should be watching.
New Survey Shows The Top 3 Reasons Many Feds Are Not Retiring: How Would You Have Responded?
According to recent statistics, many federal employees that can retire are not doing so. The author asks why this is the case and provides some reasons why he thinks this is happening.
The FERS Special Retirement Supplement and Special Category Employees
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. How doest this apply to Special Category Employees?
Bill Aims to Crack Down on Embezzlement of Federal Retirement Funds
Legislation being introduced by Senators James Lankford (R-OK) and Heidi Heitkamp (D-ND) would make it a felony to embezzle federal employees’ retirement funds.
Spouse’s Survivor Benefit at the Time of Death
I am 60. I would like to continue to work at least until I’m 62 but if I were to pass away before retiring, would my wife be able to apply for a survivor’s pension based on my being eligible for retirement at the time I died?
CSRS, FERS and Considerations in Redepositing Money
I’m planning to retire at 62 and my human resources department has presented me with the option of depositing $9,645.00 (roughly 3K + 6K interest). If I don’t deposit for the period I was not under CSRS then I will receive $80.38 less per year in retirement (provided I retire now). Is this correct?
How Will My Retirement Be Calculated?
I have 15 years under CSRS and 15 under FERS. How will my retirement be calculated?
Taxes Federal Employees Will Face in Retirement
When a federal employee has retired, income taxes do not go away, they just change somewhat. Federal pensions, Social Security and distributions from the Thrift Savings Plan are all taxable to some extent. These are some taxes you can expect to incur in 2015 as a retired federal employee.
Will I Get an Extra Pay Day in 2015… Or Not?
Will you get an extra pay day in 2015? The author clarifies confusion among some FedSmith.com users from his previous article about whether or not they can expect an extra pay day in the new year.
