2022 COLA: Why Are FERS and CSRS Different?
The 2022 COLA will be significant but lower for FERS than for CSRS. Here are the differences and an explanation for the differences.
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.
The 2022 COLA will be significant but lower for FERS than for CSRS. Here are the differences and an explanation for the differences.
Can you retire? As the author illustrates, you need to have a solid plan in place in order to have a successful retirement.
Some federal employees under FERS could see a significant cut to their pensions if they meet these criteria.
Legislation has been reintroduced to allow a buyback for time working as a temporary employee to count toward federal retirement payments.
Inflation is up this year which will likely boost next year’s COLA for federal retirees, but there is some bad news for FERS retirees.
How does a military deposit affect your retirement, and should you buy back your military time?
If you work in retirement, you could find that your benefits are reduced if you earn too much money.
Federal employees filing for FERS disability retirement should expect a fair application review, but the author says this may not always happen.
When should federal retirees under FERS take Social Security? There are many factors to consider.
How do you know when it’s time to retire? It can be difficult, even frightening, to make the decision. Here are some tips to help with planning.