The Office of Management and Budget has directed agencies to submit a “near final” version of their reform plans by June 30. Included in this is a progress report on workforce reduction and a proposal to “maximize employee performance”. Then in September of this year,...
The TSP Modernization Act, introduced by Senators Rob Portman (R-OH) and Tom Carper (D-RI), could allow for more flexible withdrawal options. One of the primary goals of the bill is to encourage federal workers to leave their savings in their TSP after leaving federal...
Under the Federal Employees Retirement System (FERS), there are four types of retirement; voluntary, early, deferred, and disability. Previous posts have looked at the eligibility requirements and annuity computation. Voluntary, Early, and Deferred Retirement...
There are special retirement rules for FERS and CSRS employees covered under the Special Retirement Provisions. This can cause a challenge when these employees become eligible to retire because they can become eligible at a younger age and have a mandatory retirement...
Under the Federal Employees Retirement System (FERS), there are four types of retirement; voluntary, early, deferred, and disability. Over the next few weeks, we will look at the eligibility requirements, annuity computation, and special provisions for each. This post...
The Federal Employees Compensation Act (FECA) provides compensation benefits for federal workers in the case of an injury, disease, disability, or death from an employment related cause. It covers both full and part-time workers regardless of what branch they work in....
If retiring as a FERS employee, your pension starts on the first day of the following month after you retire. So, it makes sense to retire on the last day of the month, no matter what day of the week, right? Well, this is partly true. While the short answer may be...
Over the next few weeks, we will be looking at the difference between the Civil Service Retirement System (CSRS) and the Federal Employees Retirement Systems (FERS), specifically how they relate to Federal Disability Retirement. This post will focus on benefit offsets...
let's looks at the difference between the Civil Service Retirement System (CSRS) and the Federal Employees Retirement Systems (FERS), specifically how they relate to Federal Disability Retirement. This post will focus on the computation of benefits and benefit offsets...
When it comes to retirement, or the time leading up to it, planning is key! This cannot be stressed enough. Being unprepared for this time in your life may leave you with less income. Whether you want to travel the world in retirement or learn a new hobby, make sure...
Whether you’re a CSRS or FERS retiree, life events can have a significant impact on your retirement annuity. This post will focus on retirees under FERS. First, let’s look at what qualifies as a life event. Life events are anything that changes your situation or...
The Office of Personnel Management has released the 2016 Presidential Transition Guide. Close to 4,000 political appointees will soon be leaving office. The acting OPM Director, Beth Cobert issued a statement saying, “While the federal government begins preparation...
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