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May 7, 2024

Federal Employee Retirement and Benefits News

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Learn Everything About Pension and Its Basics

A pension is nothing more than a savings account for the future. The money you contribute is invested and accumulated in a savings account that you can access at a later date if you so want. Generally, the first 25% of the money you withdraw from your pension fund is tax-free, while the rest is …

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House approves 23 Bill for Defense Spending with 4.6% Raise

According to the National Defense Authorization Act for Fiscal Year 2023, as passed in the House, military personnel would start receiving a 4.6 percent pay boost on Jan. 1. This is a result of the Basic Allowance for Housing (BAH), which was increased by 2% as part of the legislation that the H…

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Disability Insurance And Retirement Security Go Together

Most individuals are aware of the advantages of disability insurance in protecting one’s income if they become ill or injured and cannot work. However, in addition to income protection, disability insurance can help protect retirement goals by avoiding early withdrawals. Early withdrawal from re…

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