Drawbacks of Deferred Retirement
April 1, 2021 / by Admin FERS employees have the option to leave federal service earlier than usual through deferred retirement. This option is especially great for Federal workers who wish to pursue other career paths outside federal service because they do not have to stick...
Is Phased Retirement What You Need?
March 31, 2021 / by Admin Does phased retirement fit you? Let’s go through how it works and find out. Phased retirement was authorized in November 2014, so as a concept, it’s a relative newcomer. Since it’s still fresh, not many Feds comprehend how it works...
It’s Time to Get Serious About Your Post-Retirement Money
March 30, 2021 / by Admin You have to estimate your net income. Is your retirement date getting closer and closer? If yes, it’s important to calculate your potential net income using all sources of retirement funds. Let’s suggest some things you can do. Make a...
From Telework Back to the Office – New Legislation for Procedures
March 29, 2021 / by Admin As the country continues to climb its way out of the pandemic, there’s lots of talk about the way that federal workers are being called back after months of teleworking. Last year, a bill passed the House but failed to...
Fraud and Wrongful Payment Threaten Federal Retirement Systems
March 28, 2021 / by Admin The head of the U.S, Office of Personnel Management (OPM) has revealed that different fraudulent activities threaten the payment of annuities to retired federal workers all over the country. The inspector general said the fraudsters forge papers, steal people’s...
Federal Worker Increased Leave Supported by Lawmakers by Mark Heinrich
March 27, 2021 / by mark heinrich If we can summarize the key themes of the new Congress session so far, many of the stories would revolve around federal employee benefits and pay. For Sen. Brian Schatz and Rep. Gerry Connolly, the focus was on the annual...
Another Retirement Surge as 2021 Increases Backlog
March 26, 2021 / by leslie "kathy" hollingsworth After the retirement surge in January 2020, employees at the Office of Personnel Management were secretly hoping that the same thing wouldn’t happen for a while. Then, the world welcomed 2021 with hopes that the pandemic would end and a...
Distribution-Focused Strategies to Help Reach Your Retirement Goals, by RICK VIADER
March 25, 2021 / by rick viader For much of our working life, it seems that most of the focus is on saving for retirement. From an early age, we work hard to ensure there’s a healthy pot of money for the chapter of our lives after...
You Can be This Much Richer When You Make an Additional Monthly Savings of $100 in Your Retirement Plan
March 24, 2021 / by Admin You’re already paving the way for a secure retirement if you contribute to an IRA or 401(k). You may be saving some money, but is it enough to give you the most convenient retirement? You may not know the amount...
The Perfect Retirement Period to Benefit from COLA in 2021
March 23, 2021 / by Admin Unlike 2020, which had a COLA of 1.6%, the COLA for this year is 1.3%, yet it is still more appealing to many eligible federal employees. To get a part of this benefit, many workers are thinking about retiring early...
Best Retirement Period for More Annuity Payment for Federal Workers, by Flavio J. “Joe” Carreno
March 22, 2021 / by flavio j. "joe" carreno Retiring, just like every other thing, needs to be well-timed. The time you choose to retire might make a considerable difference in annuities, and we will prove that in this article. To show you just how much proper timing matters,...
Potential Bill to Help First Responders and Protect Retirement Benefits, by Todd Carmack
March 21, 2021 / by todd carmack During their working years, first responders pay more into the retirement system than most other federal workers. However, if injured and forced to change roles, they not only lose the right to retire at age 57 but also lose access...
Expanded Paid Family Leave for Federal Workers, by Dennis Snoozy
March 20, 2021 / by dennis snoozy Last month, it was revealed that House Democrats would support federal employees by expanding paid leave benefits. Two years ago, lawmakers introduced the paid parental leave program, and now Democrats want to build on this success. Essentially, the Comprehensive...
Comprehensive Guide on CSRS Offset: What You Need to Know About CSRS Offset, by Mark Heinrich
March 19, 2021 / by mark heinrich Since FERS replaced CSRS in 1987, many federal authorities transitioned to the new retirement system, but others chose to remain in the old system. Of those who chose to remain, some are under the CSRS Offset, a branch of the...
Golden Retirement Dates in 2021, by Leslie “Kathy” Hollingsworth
March 18, 2021 / by leslie "kathy" hollingsworth Retiring on any of these days provides a golden opportunity for federal workers. The dates are: January 30 (was a suitable date) February 27 (was a suitable date) July 31 December 31 The last date is quite popular amongst retirees,...
Three Sources of Retirement Funds Under FERS, by Flavio J. “Joe” Carreno
March 17, 2021 / by flavio j. "joe" carreno Everyone looks forward to retirement as the time to relax and kick back. Everyone would retire, but the relaxation part can only become a reality for retirees with significant financial backing. That is why government-backed schemes are available. The big...
Is There a Perfect Retirement Date in 2021?
March 16, 2021 / by Admin Before 2020 ended, retirement specialists started writing articles about the perfect retirement dates in 2021. This shows the seriousness with which many people take these dates, and they should, because retiring at an ideal time is one of the best...