In 2017, more federal employees chose to voluntarily resign their positions leading to an increased turnover. Last year saw 468,000 employees leave the federal government resulting in a 16.7% turnover rate, up from 16.4% in 2016, according to data obtained from the...
Federal Employee Benefits
Resign or Retire? Is One Better Than the Other?
A federal employee may be eligible to retire but decide to resign instead. Their paycheck ceases, and their retirement doesn’t start until they file for retirement benefits. It’s not a common occurrence but here are some situations in which a federal employee, who is...
FEGLI Option B—Important to Have, or No?
What is FEGLI? The federal government offers life insurance known as the Federal Employees Group Life Insurance. Like most options, it has advantages and disadvantages. FEGLI Basic insurance coverage is equal to one-year base pay rounded up to the next thousand plus...
How Reemployment Affects Your Retirement Benefits
Many qualifying life events can have significant effects on your retirement benefits, such as marriage, divorce, or reemployment. This post will look at how reemployment (in the private and public sectors) affects your retirement benefits after retirement, under FERS....
Remember, You Have Appeal Rights
Recently, nearly 600 retired federal law enforcement officers received notification their Annuity Supplement was being reapportioned to provide a former spouse with extra income. So, why is that? Why did the Office of Personnel Management do this unexpectedly? Let’s...
FERS Survivor Benefits: Should You Elect One?
A survivor benefit is designed to help a surviving spouse in the event you (the federal employee) passes away in retirement. The survivor benefits you elect determine how much your spouse will receive from your FERS pension if you pass away first in retirement. If...
Military Reserve Technicians and Federal Disability Retirement
What is dual status and how can it affect federal disability retirement benefits? We currently have a client filing for federal disability retirement benefits and he works as a military reserve technician. Because he is what’s considered “dual status”, the rules are a...
What is the FERS Special Retirement Supplement?
Proposed cuts to federal employee benefits and retirement are a common theme of late. One benefit that is in danger of being eliminated is the Special Retirement Supplement (SRS). What is the Special Retirement Supplement (SRS)? If you’re a FERS employee who plans to...
Sometimes the Office of Personnel Management (OPM) Gets It Wrong
There are three chances to get an application approved for federal disability retirement. If it is denied at the initial stage at OPM, it moves to the Reconsideration stage at OPM, where you are assigned a different legal administrative assistant than before. Lastly,...
What New Federal Retirees Should Know
Entering retirement can be full of unknowns; how much is your monthly annuity? Are taxes withheld? Will insurance continue? This post looks to answer some of the questions that are common for federal retirees, and more. First Payments For Retirees OPM begins to...
A Chained CPI and What It Means for COLA’s
A new tax reform bill references a chained CPI and is bringing changes to most taxpayers. So, what is the chained CPI, what does it have to do with retirement income for a fed, and what does the new tax reform bill have to do with a chained CPI? Chained CPI A consumer...
Thrift Savings Plan–Effects of Non-Pay Status on Your Account
So far in this series, we have covered the basics of the Thrift Saving Plan, employee and agency contributions, the differences between Traditional and Roth TSP accounts, loans, in-service and post-separation withdrawals, and life annuities, and taxes of...
Federal Employee Resources
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