Retirement
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Lots of people put a neatly tied ending to their federal careers by retiring on December 31. Next year New Year's Day is a Monday, so you could wake up and have a mimosa. But in the next several weeks, you've got some serious final planning to do.
November 27, 2023 -
Reliance on a paper-based system, insufficient staffing and incomplete applications remain the three top barriers to timely processing of federal employees’ retirement applications.
November 21, 2023 -
In today's Federal Newscast: The size of the U.S. military has dropped nearly 3%. FEMA and CISA publish a first-ever guide for emergency managers to prepare for attack. And the number of TSP millionaires jumps to nearly 100,000.
November 08, 2023 -
In a reversal from last month, the Office of Personnel Management’s retirement claims backlog headed upward in October. The 16,678 claims are an increase of 1,226 from September.
November 07, 2023 -
For the third month in a row most Thrift Savings Plan funds posted negative returns, with the exception of the government securities investment G fund, which posted returns of 0.40%. That's up from its 0.35% in September.
November 01, 2023 -
For the first time since the program's launch in 2018, the number of BRS participants surpassed the number of participants in the military’s legacy retirement system.
October 24, 2023 -
For federal employees and federal retirees, Congress is eyeing changes to catch-up contributions, death gratuities, Social Security benefits and more.
October 23, 2023 -
A reduced cost-of-living adjustment, or “diet COLA,” for FERS retirees can create a much larger difference in retirement savings over time.
October 20, 2023 -
With the third quarter of 2023 wrapped up, TSP returns did not look quite as solid. To get a sense of what that means and what investors should consider, Federal Drive host Tom Temin got an update from certified financial planner Art Stein.
October 19, 2023 -
Starting in January, CSRS retirees will receive the full 2024 COLA adjustment of 3.2%, while FERS retirees will see a 2.2% adjustment added to their Social Security checks.
October 12, 2023 -
The Office of Personnel Management's retirement claims backlog hits a six-year low in September.
October 06, 2023 -
Federal employees have not been able to purchase long-term care insurance for the past couple of months. That's because the Office of Personnel Management suspended the program, pending the new plans and prices that are expected from the carrier.
September 13, 2023 -
In many ways, retirement after a federal career is all about the numbers. Do you have enough saved that, together with your annuity, you won't run out of money. In some ways, retirement is not about numbers at all. There's also the danger of being bored to death. To delve into the issue of non-monetary advice, Federal Drive Host Tom Temin talked with federal retiree and AG Financial Services owner Abe Grungold.
September 12, 2023 -
The House and Senate appropriations packages are far from the only priority for Congress this fall — and many of the other to-do items have direct impacts for federal employees.
September 07, 2023 -
For the second month in a row, the Office of Personnel Management’s backlog of retirement claims increased in August. The 17,963 claims are an increase of 924 from July’s 17,047, and 4,963 claims higher than the steady state goal of 13,000.
September 07, 2023