Most experts say it is essential that people under the Federal Employees Retirement System put at least 5% into the Thrift Savings Plan.
The two bureaus impacted by the Agriculture Department’s upcoming relocation to Kansas City are asking retirees to consider returning to their former agencies as part-time reemployed annuitants of the Economic Research Service or the National Institute of Food and Agriculture.
Thanks to the ups and downs in the global markets, some of the 37,612 feds who were Thrift Savings Plan millionaires at the end of June may be back to six-figure balances.
When the Federal Employees Retirement System was being developed in Congress, most people didn’t switch even though they probably should have.
Since the 1980s some federal offices and postal stations have been divided by a form of pension envy between CSRS and FERS.
No matter how humble your salary, job, habits and possessions you have an estate.
So what if the government gave current CSRS employees a choice: retire by a to be determined date and get full CSRS credit for their annuity, or continue in their jobs but with future benefits compiled under the less-generous FERS system. Which would you choose?
Beyond the usual slew of appropriations bills and confirmation votes awaiting Congress when it returns to Capitol Hill next month, here are a few other standalone bills worth tracking that could impact federal employees.
Workers in the Washington-Baltimore locality pay area are paid considerably more than feds in the same grade, doing the same job, in Kansas City, where the USDA plans to relocate two bureaus.
With two critical months to go in the cost of living adjustment countdown, federal, military and Social Security retirees are in line for an inflation catch-up.
Federal retirement expert Tammy Flanagan joined Federal Drive with Tom Temin to discuss some of the considerations employees should make.
Most current federal retirees, and a small percentage of folks still on the payroll, are under the old Civil Service Retirement System. It offers a generous lifetime annuity that is based on salary and length…
Will Congress get to second base on Social Security reform? There’s actually a serious bill in the House to deal with Social Security’s looming insolvency.
The size and purchasing power of your 2020 biweekly paycheck or monthly annuity payment will be decided in a couple of months. The good news about the January 2020 COLA for federal, military and Social Security retirees is that there almost certainly will be one.