How Much Will New Feds Pay for Retirement?
New federal employees hired after January 1, 2013 must pay more for their retirement benefits than existing employees. Exactly how much more will they pay? The author provides some example figures.
FERS
Stay informed on the latest FERS retirement news, including updates on FERS annuity calculations, retirement eligibility rules, service credit, COLA adjustments, and federal retirement policies that affect current and future retirees. Find clear explanations of FERS benefits, survivor options, the FERS supplement, and key guidance to help federal employees understand how their retirement income is calculated and how policy changes may impact long‑term financial security.
Refusing the Federal Health Care and Retirement System: One Congressman Wants Out
One Congressman has taken a stand that is popular with many in his district by announcing he is not using the federal health benefits program or the FERS retirement system because they are better than the benefits available to many taxpayers. How is this likely to work out for him?
Retiring the FERS Way
What can go wrong with your retirement application under FERS? A retired federal employee shares a frank, personal perspective of her experience, her frustration and offers advice on how to realistically prepare for retirement under FERS in the hope it will help other federal workers be better prepared for the experience.
How Much Do You Know About Funding of the Federal Retirement System?
The unfunded liability of the older CSRS retirement system will hit a peak of $684.8 billion by 2023. Your future pension benefits should be secure despite the financial shortfall, according to OPM, as the number of people covered by CSRS continues to decline.
Notes on the Lump Sum, the Survivor Annuity, and Life Insurance
The author offers some details and example calculations on the lump sum, survivor annuity, and life insurance benefits.
Two Significant Changes to FERS
The Middle Class Tax Relief and Job Creation Act of 2012 makes two significant changes to FERS.
How is Your Federal Employee Annuity Calculated?
How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.
The Best Annuity: FERS or CSRS?
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.
Full Annuity Payments – How Fast?
FedSmith.com recently polled our users to see how long it took recent retirees to receive their full annuity payments. Here are the results.
What’s the Difference Between Postponed vs. Deferred Retirement?
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.
