Details Revealed on Proposed Benefits Cuts
More details have been revealed about the suggested cuts to federal employees’ benefits along with the rationale for the proposals.
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.
More details have been revealed about the suggested cuts to federal employees’ benefits along with the rationale for the proposals.
Recent proposed cuts to federal employees’ benefits appear to be the same as ones from past budget proposals. Here is a recap.
When you reach retirement, you need to plan for how much you can withdraw and spend from your nest egg. The author discusses two strategies.
Another attempt is being made in Congress to change the COLA formula for Social Security to pay higher benefits.
February saw its typical surge in new retirement applications, but OPM was able to manage the workload which kept the overall backlog in check.
The author says that while a couple of bills that would boost federal retirement benefits are welcome news, they are unlikely to become law.
If you take the FERS refund, what portion of the contributions do you get back?
The author says that the retirement backlog at OPM is projected to get worse, and he proposes a solution which he says could reduce the backlog quickly.
Your supervisor’s affidavit is a key component of a FERS Disability Retirement application. The author explains how this works.
Legislation has been reintroduced to equalize COLAs paid to federal retirees under FERS and CSRS.