Berry to Congress: OPM Retirement Backlog is Bad, Will Get Worse
Reports have been in the news about OPM’s poor performance regarding processing annuity payments for new retirees. What is the real cause of this problem?
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.
Reports have been in the news about OPM’s poor performance regarding processing annuity payments for new retirees. What is the real cause of this problem?
Are you a current or retired federal employee who will be turning 65 soon along with millions of other baby boomers? If so, how will you answer this question: “Should I sign up for Medicare, Part B?”
Married employees considering retirement have choices regarding the survivor annuity. Do they want/need it? If they do opt for the survivor annuity, how much do they want it to be? How much will it cost?
What is the best day for a federal employee to retire? Here are suggested retirement dates through 2020 from a federal retirement expert.
The author says that he was surprised to find that members of Congress and the media have been mostly silent on sharing information about what he refers to as “the looting of Social Security.”
Not everyone understands how the Social Security earnings test works and how it may impact your retirement income. Here is an explanation.
Employees and retirees live in the same environments and are subject to the same increases in the cost of living, but the general, annual raise they get is different. The author outlines sample annual raises for three hypothetical employees.
The COLA percentage amount for both FERS and CSRS was announced on October 19. OPM has issued official guidelines on how to calculate your COLA increase.
Lost in the interest over the 3.6% COLA announced by Social Security (and reported in FedSmith) on Wednesday, October 19th, are several other Social Security changes for 2012.
After two years without any increase in the cost of living adjustment (COLA), there will be an increase of 3.6% for those who receive the full amount of the annual adjustment.