Phased retirement hasn’t been as popular among federal employees as expected, but Mike Causey is willing to give it a shot.
While the short-term impact is obvious, the long-range impact of the coronavirus scare on the world economy, the stock market, and your Thrift Savings Plan nestegg is yet too be determined.
The White House’s proposal would eliminate a long-time benefit which provides “gap” payments to employees, like federal firefighters, forced to retire as early as age 57.
Working for the federal government has its rewards and challenges. The same when you retire — a lot of options which also means a lot of choices.
Even in the federal government where workers are supposed to be treated the same and be paid based on their grade level, there are differences. Take the two main retirement systems.
One of the great fears of people planning for retirement is running out of, or low on money while they are still breathing.
While there are some really dangerous federal jobs, including law enforcement officers, firefighters and prison personnel, even the 9-to-5 office positions are pretty scary now.
It’s been a tough few weeks for federal employees, at least for those who worry about their jobs, their pay and their retirements.
For many people nearing retirement, running out of money is one of the top fears. Unless they work for the federal government.
The two decades-old laws impact, as in reduce or almost eliminate, the Social Security benefits of 1.8 million public servants.
In what’s become the administration’s evergreen budget plan, the White House has again proposed that federal workers kick in more of their salary toward their retirement plan in return for smaller lifetime annuities that are frozen when they retire.
If history repeats itself, the budget President Donald Trump sent to Congress Monday afternoon will again be a political bombshell
President Donald Trump’s proposed 1% across-the-board federal pay raise is an attempt to meet Congress “halfway” on the topic, as the administration also recommended more agency funding on employee performance rewards and bonuses.
Most people stop looking forward to birthdays after they first become eligible to drive, or vote.