Timing your federal retirement date is one of the most overlooked ways to increase your lifetime benefits. You can spend ...
Getting the full agency match is a good baseline, but if retirement is around the corner, there’s more to consider before deciding what to do with the rest of your paycheck.
From Medicare premiums and Social Security earnings limits to a federal pay freeze, several changes could affect retirees’ finances and the benefits available to them next year.
The FERS basic annuity is a lifetime, inflation-adjusted pension, and it is the foundation of your retirement income. It equals 1% of your High-3 average salary for each year of service. If you retire ...
Updated: While the greatest focus on federal employee retirement understandably is on age and service combinations needed to be eligible to retire ...
Federal employees receive a retirement benefit package that includes a pension, a tax-advantaged savings plan and Social Security. But many do not fully understand how these benefits work, and that ...
Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. Since that time, new Federal civilian employees who have retirement coverage are ...
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