Federal Employee Information Partnership
For the third time in the past three years, The Federal Retirement Fairness Act (H.R. 4268) is being introduced by Congressman Derek Kilmer (D-WA). It would ensure that federal employees who began their careers as temporary workers are granted the opportunity to make catch-up retirement contributions so that they can retire on time, otherwise they would have […]
The Federal Retirement Fairness Act (H.R. 4268) Read More »
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 »
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 »
It’s no secret how much the USPS has been struggling in recent years. With the rise of Amazon and other 2-day delivery services, coupled with poor governmental policies that have nearly crushed the USPS, the nearly 50-year old program is long overdue for a revamp. Postmaster General Louis DeJoy saw these issues and created a
The New USPS 10-Year Plan and How It Will Affect You Read More »
As a Federal Government employee, the Federal Employees’ Group Life Insurance (FEGLI) program is an option for familial security during retirement. If you’re enrolled in FEGLI, however, you should get prepared for the new premium insurance rate increase. This increase goes into effect the first pay period after October 1st, 2021, so you’re likely stuck
The FEGLI Rate Increase — What Does It Mean for You? Read More »
For federal employees, the Thrift Savings Plan (TSP) is an invaluable piece of the retirement puzzle. After all, the “agency matching” that your employer provides essentially means you’re getting free money on top of what you are already contributing on your own. On the surface, managing your TSP so that you’re maximizing your benefits seems
The Top 5 Considerations For Proactive TSP Management Read More »
Once you realize that you’re looking forward to retirement years before you’re actually eligible to retire, working (whether you love your job or not) becomes much less exciting. Instead, most of your days are spent counting down to the moment you can retire and collect annuity from the comfort of your own home. Eventually, you
What Does Early Retirement Mean for Federal Employees? (Top 3 Things) Read More »