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.
A change to the contribution to be made by federal employees to their defined benefit pension has been proposed in a new budget proposal unveiled this week. What would this change mean for most federal employees?
Here is a real story about someone who had enough money to retire but got caught up in chasing rates of return and had to return to work. Before you allocate your TSP, make sure you stay focused on your goals — not just chasing the highest rates of return.
What is the Special Retirement Supplement (SRS) and why is it important for FERS employees?
What is the CSRS offset program and how is it different from the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS)?
This bill would end the defined benefit pension portion of the Federal Employee Retirement System (FERS) for new federal government hires starting in 2013. Current federal employees would not be affected, but it would apply to members of Congress.
Senators Richard Burr (R-NC) and Tom Coburn (R-OK) have introduced the Public-Private Employee Retirement Act of 2011 which would end the defined benefit pension portion of the Federal Employee Retirement System (FERS) for new federal government hires starting in 2013. Current federal employees would not be affected, but it would apply to members of Congress.
When is the best day to retire? It depends. Here are a couple of examples and how it may impact your finances.
Would you mind a reduction in your CSRS annuity of about $3900 over ten years? Would you mind a reduction of about $1000 less in your FERS annuity during the same time period? If so, you may want to read a new proposal being floated that could have an impact on your retirement income.
There are different TSP investment strategies you may consider. Before you decide how to invest your TSP contributions, you should know the available options and then decide how to invest for your future retirement.
How much will you receive in retirement income when you retire under the Civil Service Retirement System (CSRS)? Here are some examples that will demonstrate how your retirement income is calculated.
