While the 2019 Cost of Living Adjustment amount won’t be available until mid-October, it is as good of as any to look at the possible COLA increase amount. Based on the current inflation trend, it’s very likely there will be a COLA increase in January 2019. CPI-W The...
Federal Employee Benefits
Computation for FERS Non-Disability and Disability Annuitants
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....
Age and Service Requirements for FERS Retirements
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...
Why You Shouldn’t Take a TSP Loan
Your Thrift Savings Plan account is where you can save the easiest for your retirement. And for some federal employees, this account balance can be quite large. It may seem enticing to dip into this account if you’re in need of extra money or to put a down payment on...
Saving Money and Federal Employee Health Benefits Program Options
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...
What is Your FERS Military Deposit Worth in Retirement?
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...
Numbers You Should Know About if You Want to Retire
There are a lot of important numbers surrounding retirement that you should be aware of. A lot of thought and planning goes into retirement as your choices will set you up for the rest of your life. A couple of things could happen: You’re mentally, and maybe even...
Executive Order Signed to Boost Military Spouse Hiring
President Trump signed an executive order calling on federal agencies to better recruit military spouses, also tasking agencies with developing new strategies to remove barriers to spousal employment. The order doesn’t create new hiring incentives but says agencies...
Is a Refund on Your Retirement Deductions Worth it?
If you separate from federal service before you’re eligible to retire, you may be able to receive a refund on your retirement contributions until you are able to receive a deferred annuity. Although, there could be repercussions to doing so. To be eligible, you must:...
Eligibility Criteria for Social Security Disability and Federal Disability Retirement
No one wants to think about the idea of becoming disabled and no longer being able to work. Hopefully this will not become a reality for you, however, it’s important to understand the eligibility criteria for both Social Security Disability and Federal Disability...
Will You Have FEHB Coverage in Retirement?
You may be covered under the Federal Employee Health Benefits Program while you’re working in your federal position, but do you know if you’ll still be covered once you retire? The eligibility requirements are straightforward, however, it’s important to fully...
How Do You Chose the Correct Survivor Annuity?
When faced with retirement, whether voluntary or disability, you must ask (and answer) many questions. One of them, and maybe an unpleasant one, is “Which survivor annuity should I elect?” It may help to think of a survivor annuity like life insurance. The purpose of...
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