Reports have been in the news about OPM’s poor performance regarding processing annuity payments for new retirees. What is the real cause of this problem?
Married employees considering retirement have choices regarding the survivor annuity. Do they want/need it? If they do opt for the survivor annuity, how much do they want it to be? How much will it cost?
What is the best day for a federal employee to retire? Here are suggested retirement dates through 2020 from a federal retirement expert.
Employees and retirees live in the same environments and are subject to the same increases in the cost of living, but the general, annual raise they get is different. The author outlines sample annual raises for three hypothetical employees.
In preparing, and filing a Federal Disability Retirement application under FERS or CSRS, a Federal or Postal worker who is contemplating filing for Federal Disability Retirement benefits must make the connection between “the forms,” “the evidence”, and “the law.”
Many FedSmith readers have commented on the excessive time it takes OPM to process the paperwork for full annuity payments. It is likely to get worse instead of better. Here’s why.
The author walks the reader through some examples to illustrate that the CSRS retirement system may not be better than the FERS retirement system, despite popular belief to the contrary.
The President has released a proposal outlining his ideas for ways to cut the growing federal deficit. The plan aims to make as much as $3 trillion in cuts, some of which would directly affect federal employees if they were to be enacted.
When are you planning to retire? There are situations where your timing in selecting a retirement date can make a difference in your retirement income.
FERS is now the retirement plan for most federal employees. It is now 25 years old and the plan significantly changed the federal retirement system. Here are the changes it wrought and how the plan looks after having been in operation since 1987.