Am I legal? I am wondering about this because of what was stated in your article, Retired Reservists Can Legally “Double Dip”.
A retired federal employee killed his wife. Should the sons of the former federal employee receive the lump-sum payment from his annuity or should the son of the retired federal employee’s wife receive the money? The MSPB decides.
The procedure for calculating the supplement is clearly spelled out in Chapter 51 of the CSRS & FERS Handbook, but it is a difficult process. The author offers a more concise explanation.
The alphabet soup of government acronyms got a couple new ingredients over the past year and a half: the FERS (Federal Employees Retirement System) was joined by FERS-RAE in January 2013 and by FERS-FRAE in January 2014. What are these new acronyms and what changes do they indicate?
When Federal employees retire, they start getting “interim” payments, almost immediately. These payments are approximately 60% of the final, fully annuity. For FERS employees under age 62, there is also an annuity supplement of hundreds of dollars. The author offers details on these annuity payments.
The author outlines special retirement considerations in areas such as FERS annuity calculations, the Thrift Savings Plan, and insurance for federal employees who work in law enforcement.
This is a basic guide to help federal employees understand some of the key points of the FERS system.
The FERS annuity supplement is probably going to end. How will it impact your retirement plans?
The author suggests a solution for improved calculation of the FERS annuity supplement in an open letter to nominee for OPM director Katherine Archuleta.
Your FERS or CSRS annuity will continue for the rest of your life, and the amount of your annuity is determined by your high-3 average salary and your years of service. The amount that you contributed to FERS or CSRS doesn’t matter.