Federal Employee Information Partnership
The income earners and consumers are in trouble. Although some are getting raises from Social Security, federal and state employee COLA, union contracts being re-committed, it is not enough to keep up. Higher salaries mean higher cost to companies and manufacturers, thereby increasing the rate of inflation; are chasing our tail. Bigger brains than me, …
When planning your federal retirement, we want to take care of those dependent on us, in the event we die. A spouse is eligible for a FERS benefit of 25% or 50% of the Unreduced FERS retirement annuity. But what is the deal when the survivor is not a spouse, but a child, be it …
How many federal employees suffer from injury, illness or old war wounds, inherited traits that can build to make working difficult to impossible. Each month, many fed employees tell me they work under these conditions, many times in secret, because the income is needed. I get it, so maybe this article can help someone that …
Retirement is an exciting time, especially when you have all of the proper details squared away. However, it can also be frightening and full of uncertainty when you don’t know how to manage cash flow during federal retirement. During the months and years spent planning leading up to your retirement, you may find yourself with …
How to Improve Cash Flow During Federal Retirement with an Annuity Read More »
The question of loss of retirement benefits due to involuntary termination has been asked of me about once or twice a year, however, recently, I have been asked at least 6 times this past month. This is occurring in many agencies. It seems the supervisors are restless. “I may be fired. Will I lose my …
YOU’RE FIRED! Involuntary Termination And Your Retirement Benefits Read More »
As a government employee, your federal benefits are among some of the best in the United States. Not only do you get comprehensive health coverage, but you’re also eligible for low to no cost life insurance, flexible spending accounts, and a host of other benefits. However, as you near retirement, you may find yourself asking …
What Happens to Your Federal Benefits When You Retire? Read More »
If you’re a federal employee working in the United States, you’ve likely heard about the FERS supplement. This special supplement, also erroneously referred to as the ‘Social Security Supplement’ or ‘Bridge’, is designed to give those who have earned a full FERS retirement an extra source of income. In recent years, however, Congress has talked …
Will the FERS Supplement Survive? (What You Need to Know) Read More »
If you’re a FERS (Federal Employee Retirement System) or CSRS (Civil Service Retirement System) employee, you’re likely aware of the government-provided health benefits that you’re eligible for. What you may not know, however, is that most working-class adults are automatically enrolled in Medicare Part A. For federal employees who already have health insurance provided through …
Should a Federal Employee Enroll in Medicare? (Medicare vs FEHB) Read More »
There’s always one big question that pops up in a person’s mind when they begin planning for retirement: “How much time do I have left?” However, for Civil Service Retirement System (CSRS) or the Federal Employee Retirement System (FERS) employees, this timeline is relatively set in stone. So how long does OPM take to process …
The OPM Retirement Process Timeline – What You Should Know Read More »
In 1986, the Federal Employees’ Retirement Security Act established a new qualified retirement plan known as the TSP or Thrift Savings Plan. Similar to a 401k, this plan is offered to federal employees and members of the armed forces. Today, many federal employees find themselves with questions about their TSP. These questions include the benefits …
What is a TSP (Thrift Savings Plan)? And What Does It Do? (Your How-To Guide) Read More »