We are now in week 3 of the partial government shutdown. We are also in a new year, which means this time is a popular one for federal employee retirements. More than 300,000 federal employees are on furlough without the guarantee of back pay, and an additional...
As part 1 of this post showed us, it’s important to strategically pick your retirement date to maximize your annuity, especially if you’re a CSRS employee. Once you’ve done that, the real work begins, as they say. The following are steps you should take when you're...
Do you know which days are considered “the best days to retire”? Do you know what steps you need to take to begin the retirement process? This 2-part post will first look at which days are considered to be the “best days to retire” and why and then what you need to do...
It’s no surprise that the Office of Personnel Management has a large backlog of retirement claims, including both regular retirement and disability retirement applications. When you submit your retirement application, you want to be 100% sure it’s complete and timely;...
To be eligible for Federal Disability Retirement your agency will need to show that they weren’t able to accommodate you because of your medical condition. They’ll also need to show that they weren’t able to place you in another position within the agency that would...
While both costs of living adjustments and pay raises provide an increase in pay, they aren’t that similar. COLA’s These pay adjustments are available to retirees. They are a measure of inflation and paid automatically (they don’t need Congressional approval). COLA’s...
When you file an application for federal disability retirement with the Office of Personnel Management, you must submit a very thorough and complete application. There is a lot of things about your condition that you must document for the OPM. If you don’t, your...
The computation of basic annuity will vary depending on your length of service, High-3 salary, and in some cases, your position in the federal government. Your High-3 average pay is the highest average basic pay you earned during any 3 consecutive years of service....
Federal Disability Retirement can be a long and overwhelming process. There are many terms you may encounter that leave you confused and looking for a dictionary. This article will break down the definitions of common Federal Disability Retirement terms, to help...
There are many different types of retirements under the Federal Employees Retirement System and each has its own set of rules and requirements for you to be eligible for retirement. **This post will focus on the mainly just the age and service requirements for each...
Several federal employees are saving money on their taxes simply by making smart choices with their FEHBP options. These choices include taking advantage of premium conversion benefits, where health insurance premiums are deducted on a pre-tax basis and participating...
Having active duty military service and an honorable discharge may help you receive more money each month and reduce the number of years you must work to become eligible for retirement. How to Increase Your FERS Pension with Military Service A provision in the Federal...
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