South Carolina: Retirement Haven or Tax Trap?
South Carolina is a state that often attracts newcomers, but look closely at the state’s income tax structure before relocating.
South Carolina is a state that often attracts newcomers, but look closely at the state’s income tax structure before relocating.
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.
Inflation has been very low for the past two years and federal retirees and those receiving Social Security payments have not had an increase. That is likely to change in 2012. Here’s why and how much.
The OPM Office of the Inspector General has issued a report showing that payments from the federal government’s Civil Service Retirement and Disability Fund to deceased annuitants has averaged $120 million over the last five years.
It’s up to federal employees to take full advantage of the retirement benefits offered to them. The best way to ensure your golden years are indeed golden is to plan right now.
How much money have federal retirement funds contributed to help the government continue to operate? About $186 billion.
Twenty different groups signed a letter addressed to OMB Director Jacob Lew and Treasury Secretary Tim Geithner seeking answers to several questions about how a debt default would affect federal employees.
The federal government will receive about $172 billion in August. That is not enough to pay expenses. Who will get paid and who won’t get paid if the debt ceiling is not raised?
When you learned to drive, you were taught to be on the lookout for others on the road including cars, bicyclists, small children and pets. What does driving have to do with your federal benefits? The same principles you learned as a new driver can help you navigate your federal career.
The latest budget proposal from the administration does not adopt many of the recommendations from the deficit reduction commission and does not propose substantial changes to the federal retirement system. Here are some of the changes proposed to save money by the federal government that will impact some in the federal community–including one agency where the agency would initiate a buyout of jobs no longer needed.