A recent report from the Congressional Budget Office makes a myriad of proposals designed to help put a dent in the growing federal debt, some of which would directly impact federal employees.
The federal retirement plan is one of the biggest benefits of being a federal employee. Changes are coming that will impact many readers and most of the changes are not going to improve the program.
In the second article in the series, the author goes into some additional detail about the three basic aspects of the high-3 average pay calculation.
The high-3 average pay is a basic component of an employee’s retirement contribution that federal employees often find confusing. The author offers some detailed explanation to take the mystery out of it.
How is your federal employee annuity calculated? It is based on two numbers. Here is how it works.
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.
Winning the lottery just may be the key to a successful retirement, depending on how you define “lottery.”
The author poses the question, with all the noise around shrinking government and making federal employees out to be the “bad” guys, what would the real effects of some of the current proposals be?
The deficit commission has proposed changing federal retirement to use the highest five years of earnings to calculate civil service pension benefits for new retirees (CSRS and FERS) rather than the highest three years. How much of a difference would this make in a retirement annuity? It depends. Here are several scenarios.
The National Commission on Fiscal Responsibility and Reform has issued its report on ways to reduce the deficit and federal spending. Here are some of the key points in the report that are likely to be of most interest to readers.
