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.
The Obama administration has recommended a 1.6% pay raise for federal workers in 2017. Does that mean this is a done deal and federal employees now know what their pay raise will be next year? Hardly. Here is a detailed look at how the political process surrounding how the federal workforce is paid is likely to play out in the coming months.
Two Congressmen have introduced legislation to make the myRA a permanent retirement savings option.
There are now thousands of millionaires in the Thrift Savings Plan (TSP). The number of these successful investors has dropped in the past year though as the boom in stocks has dissipated and stock market volatility has increased.
I am 61 and have heard that I can take my money out of the TSP and place it into an IRA. I have been trying to manage my TSP the best that I can, but, my TSP has lost 20% this past year. Should I place my TSP into an IRA so I can still retire when I want?
The OPM retirement backlog jumped 73% to start 2016 thanks to an influx of new retirement claims.
The author says that the presidential candidates so far have said little about their plans for Social Security, but to the extent ideas have been put forward, they do nothing to solve the long term financial problems facing the program.
The American Savings Act would create a new organization that may be popular with many Americans. How would creating such an organization impact the TSP?
Tax time is closer than you think. Here are 13 things you should know about taxes and your federal retirement.
The author says that phased retirement was a program designed to help federal employees ease into retirement while also helping agencies get their replacements up to speed. However, the program has largely been a bust so far in terms of its participation levels. He explains why he believes this to be the case.
The author says that federal employees are frequently sheltered from financial and retirement information in their careers. He says federal workers need to be permitted to have self-reliance in their understanding of at least basic retirement concepts to avoid making mistakes that can harm their future financial goals.
