How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.
The author says that evaluating retirement systems to determine which one is “better” is difficult, but he says that the annuity is the key element.
FedSmith.com recently polled our users to see how long it took recent retirees to receive their full annuity payments. Here are the results.
Are you thinking about leaving federal service before you are eligible for an immediate FERS retirement? You need to know the difference between a postponed and deferred retirement.
The author outlines ten common mistakes federal retirees should strive to avoid to get the most out of their retirement benefits.
OPM could alleviate a great deal of the suffering and complaints by paying a higher proportion of the agency estimate when a federal employee retires. The agency chooses not to do this, thus ensuring the complaints continue.
The author illustrates a hypothetical scenario of two FERS employees with identical salary histories to show the dramatic impact the recently proposed pension reduction bill, as currently written, would have on future federal retirees.
What can federal employees expect in 2012? While no one can know for sure, the author offers some considerations you can take into account to help you be prepared for whatever the future brings.
The FERS annuity supplement is commonly believed to be linked to the Social Security Administration (SSA), even to the point where some believe the benefit is actually administered by SSA rather than the Office of Personnel Management (OPM), but this is not the case.
Republicans in the House have introduced legislation that would extend the pay freeze on federal employees as well as increase employee retirement contributions under both CSRS and FERS.