Not affiliated with The United States Office of Personnel Management or any government agency
April 25, 2024
Federal Employee Retirement and Benefits News
Retirement planning options abound, from indexed annuities, IRAs, and employer-sponsored retirement plans. But what exactly are indexed annuities, and how do they operate? Indexed annuities are financial agreements with insurance firms, often known as equity-indexed or fixed-indexed annuities. These contracts allow investors to earn interest on the market index’s performance. These annuities can produce substantial
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Shakespeare’s tragic p…
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Participants in the federal government’s 401(k)-style retirement savings program have had a difficult month. In addition to suffering losses in the financ…
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The Federal Employee Group Life Insurance program, or FEGLI, is one of the many FERS benefits available to federal employees. You can get group life insurance while you’re employed, and under some circumstances, you might be able to keep using it after you retire.
You…
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Recent college graduat…
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Social Security is a significant source of retirement income…
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Federal employees, who work alongside active-duty personnel to keep the mission going, eventually reach the age where they can retire. But it’s critical to ensure that…
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The Federal Reserve Board goes to great lengths to raise interest rates by 0.75 percent on average, and American life and annuity companies are attempting to be courteous about that now.
In the same way, the Federal Reserve raised its target range for the rates of fed…
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Social Security retirement benefits, like disability and survivor benefits, are generally paid in the month after the month in which they’re due. So, if you want to begin collecting Social Security payments in July, your benefits will be delivered in August.
Howe…
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It’s easy to conclude that retirement is sheerly based on numbers, especially when it comes to the federal government’s opinion on retirement. According to the CSRS and FERS retirement programs, employees are eligible to voluntarily retire after so many years of service or a specific age. Whethe…
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According to figures published by the Office of Personnel Management (…
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The Office of Personnel Management (OPM) data shows that the retirement backlog has reached a new high of 36,603, which was last recorded in March 2013.
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TSP account holders have awaited the opportunity to move their investments away from mutual funds throughout the program’s history. Having gone into effect on June 1st, the Federal Retirement Thrift Inves…
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Americans nearing retirement are shocked. Unsophisticated “McMoney” accounting consultants told them that bonds were secure, steady, and reliable and that balancing stocks and bonds was fine in all scenarios.
To their dismay, none of these things are true in…
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Long-term financial security is a top priority for federal employees as they plan for retirement and navigate the complexities of the federal benefits system. This article provides actionable advice and strategies to help federal employees achieve long-term financial security, covering topics su…
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The Thrift Savings Plan (TSP) is a one-of-a-kind retirement plan that provides significant benefits to participants who join …
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The federal government’s FERS has a three-legged stool of retirement benefits comprising the Basic Benefit Plan, the Thrift …
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If your firm has dedicated time and resources to veteran recruitment or is stepping up these efforts, you also have to think of ways to invest in their success once they’ve been hired. Here are some top tips.
Benefits & Policies evaluation
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Annuity, like other retirement plans, is a plan in which you pay a certain amount now, enabling you to receive a monthly allowance until your last breath.
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Health Savings Account…
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