Retirement Claims Backlog Dips Slightly in March
The latest retirement processing status report from the Office of Personnel Management shows that the backlog of outstanding claims has come down slightly as of the end of March.
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 latest retirement processing status report from the Office of Personnel Management shows that the backlog of outstanding claims has come down slightly as of the end of March.
CSRS employees often ask, “Should I deposit money to cover temporary time early in my career?” The author provides some considerations to help answer this question.
With all the talk about the TSP possibly opening up a mutual fund window and expanding withdrawal options, you may have forgotten that the TSP also offers a Roth option. The author describes the basics of how the Roth option works to help you decide if it is right for your situation.
Retirees are trying to improve their return on their past Social Security contributions. The author describes why any success that they have at doing this will come at the expense of Social Security’s long term solvency.
The House budget committee released its 2016 budget proposal last week, largely bereft of any specifics of proposed changes to federal pay and benefits. A new report, however, is shedding some light on these details.
I am age 64 and retired from GSA in 2008 under the CSRS, having worked 36+ years. Is there a penalty for me to withdraw some or all of my TSP before age 70 1/2 ?
March Madness is here! Yes, there’s the NCAA tournament, but the author reminds readers that it’s also tax season and provides some general tips to keep in mind as April 15th approaches.
The House of Representatives Budget Committee released its FY 2016 budget proposal today. Although it offers no specifics, the proposal calls for requiring federal employees and Members of Congress to make greater contributions towards their retirement programs.
My husband’s personnel office just found out that he should have been in CSRS Offset after 21 years of coming from the DC Government. After his maximum SS tax was reached, his personnel office stopped the SS deduction. In the past, after the maximum was reached he has received the SS contribution in his paycheck. Was this done correctly?
I’m planning to retire at 62 and my human resources department has presented me with the option of depositing $9,645.00 (roughly 3K + 6K interest). If I don’t deposit for the period I was not under CSRS then I will receive $80.38 less per year in retirement (provided I retire now). Is this correct?