OPM Makes Slight Improvement to Retirement Backlog in June
OPM was able to process more applications than it received in June to make a slight reduction in the outstanding backlog of retirement applications.
Federal employee retirement news: news about retirement-related topics as it pertains to employees of the federal government. Topics include FERS, CSRS, the latest TSP performance, annual COLA updates, and more.
OPM was able to process more applications than it received in June to make a slight reduction in the outstanding backlog of retirement applications.
The National Active and Retired Federal Employees Association has sharply criticized plans by the House of Representatives Committee on Oversight and Reform to require postal retirees, their spouses and survivors to enroll in Medicare Part B or forfeit their coverage in the Federal Employees Health Benefits Program.
Federal employees covered under CSRS Offset have special considerations when it comes to collecting Social Security in retirement. The author describes how this works and provides some real life examples based on a hypothetical scenario.
With voters in the United Kingdom voting to leave the European Union, the stock market dropped fast. Is this a good time to sell your TSP stock funds?
The Social Security Board of Trustees has released its latest report on the health of Social Security. The report says that the trust funds should enable paying scheduled benefits until 2034, but the author notes it doesn’t actually say the trust fund will last until then.
Phased retirement may be a solution in search of a problem. Agencies have been slow to implement it and reception by federal employees has been languid. DoD is now moving out to implement the program.
The author discusses the most tax efficient options for Long Term Care insurance that are available to federal employees.
The House version of a postal reform bill in Congress is better than the Senate version according to NARFE, although it thinks neither is ideal. What effect do these bills have on enrollment options in Medicare, and which federal retirees would be impacted?
The TSP is a major component of the federal retirement system, but too often, the author says that it becomes the only factor for would be retirees. He explains why striving for some sort of “magic number” in your TSP account can be a bottleneck in reaching your retirement goals.
Would TSP investors abandon the G fund if they had to pay to store their money there?