Hearing on Reforming Federal Pensions Announced
Congressman Dennis Ross (R-FL) recently announced that he will hold a hearing to explore options for reforming the entire federal pension system to bring it more in line with the private sector.
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.
Congressman Dennis Ross (R-FL) recently announced that he will hold a hearing to explore options for reforming the entire federal pension system to bring it more in line with the private sector.
The G fund is again being used as a stop-gap measure to avoid the federal government hitting the debt ceiling for the second time in a few months.
What can federal employees expect in 2012? While no one can know for sure, the author offers some considerations you can take into account to help you be prepared for whatever the future brings.
This retired federal employee has used some of his time since joining the ranks of “former” federal employees to travel around the world. Here are some of his tips and suggestions to make the best use of your time and money.
According to a recent study done by the Employee Benefit Research Institute, the recent recession has left older Americans in the workforce expecting to work longer or even to never retire.
Here’s some points to keep in mind when considering leaving the private sector for a government job.
With proposed changes to federal pay and benefits swirling in Congress, rumors start and spread quickly. One that recently surfaced: OPM is canceling interim retirement payments. Here is the answer from the agency.
The FERS annuity supplement is commonly believed to be linked to the Social Security Administration (SSA), even to the point where some believe the benefit is actually administered by SSA rather than the Office of Personnel Management (OPM), but this is not the case.
Why does it take so long for federal employees to get their retirement benefits? Perhaps it is the fault of the employees and the agency benefit specialists that assist in preparing the applications for retirement. OPM is offering training to improve their job performance.
OPM has not yet released official numbers for costs in benefits changes for 2012 that would be affected by the recent COLA. The author offers his best estimates as to how the cost of the FERS basic death benefit and children’s survivor benefits are likely to change next year.