What Every Federal Employee’s Financial Planner Should Know About Federal Retirement and Benefits
Federal employees have some unique features to their financial lives, so financial advisors should know about them.
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 employees have some unique features to their financial lives, so financial advisors should know about them.
Does 3 years of Military Time that was “bought back”along with 17 years of civilian Federal Service count toward 20 years of creditable service making one eligible for a FERS 1.1% multiplier if that person retires after age 62?
How do you calculate your social security supplement?
Under the Federal Employee Retirement System, there is an option for a federal employee to retire at the minimum retirement age with as little as 10 years of service. This option is commonly referred to as MRA+10, but OPM has another name which is equally descriptive: reduced.
If an employee remains retired but the spouse works and makes more than 15k, does the FERS supplement drop out?
The Special Retirement Supplement (SRS) is not paid by the Social Security Administration. It is paid by the Office of Personnel Management. This article provides a simplified example of how the SRS is calculated.
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?