Bill Exempting Some Feds From TSP Withdrawal Penalty Becomes Law
The Defending Public Safety Employees Retirement Act has been signed into law. What does this mean for federal employees and their Thrift Savings Plan investments?
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 Defending Public Safety Employees Retirement Act has been signed into law. What does this mean for federal employees and their Thrift Savings Plan investments?
The Special Retirement Supplement (SRS) is a payment that is made by OPM and is designed to approximate the amount of an age 62 Social Security benefit that is due to civilian service under the FERS retirement system. How doest this apply to Special Category Employees?
The Defending Public Safety Employees’ Retirement Act has passed Congress and now goes to the president for signature.
How much will federal retirees and Social Security recipients receive with a new COLA calculation that will go into effect in January? As of today, there would not be any increase.
Managers have an important role in developing their employees, and this includes helping their employees become better prepared for retirement. The author lists some steps federal managers can take to help their employees with this important task.
The Congressional Budget Office has released its long term budget report which includes a picture into the prospects of Social Security. If you are planning to retire soon, pay attention.
Legislation being introduced by Senators James Lankford (R-OK) and Heidi Heitkamp (D-ND) would make it a felony to embezzle federal employees’ retirement funds.
Many government officials and media types were predicting a virtual avalanche of federal retirement submissions that will lead a massive void that cannot be filled by younger workers. The author says that while he does predict a rise in the rate of federal employee retirements, he does not see the doomsday scenario others are predicting and explains the logic behind his reasoning.
I plan to retire next year under FERS after 30 years of service. I would like to go part time my last several years. How will OPM calculate my high-3 in this case?
There has been confusion as to whether or not federal retirees are potentially at risk in the wake of the data breach at OPM. New information may help to clarify this important question.