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Estimating your post-retirement income isn’t just math, it’s about getting the right data, understanding your service credit ...
With so many currently heading for the exit, it’s a good time for federal employees to improve their understanding of the ...
Meanwhile, government workers have a retirement program specifically made for them: the Federal Employees Retirement System (FERS). Here’s what it looks like and the various plans it offers.
The new electronic retirement system promises a faster, more accurate process, but some users are still adjusting to the ...
If you are a current or former federal employee, you may be eligible for benefits from the Federal Employees Retirement System (FERS). To apply for benefits, you must submit a retirement ...
Currently, federal workers contribute to the retirement system based on their hiring date: 0.8% if hired before 2013, 3.1% if hired in 2013, and 4.4% for most hired since 2014.
I have a heart and passion for serving federal employees. My mother, who is also my best friend and now works for me, is a retired federal employee. I have successfully helped her navigate her ...
Federal employees at Robins Air Force Base in Georgia are facing significant cuts to their retirement benefits under a House Republican plan. The budget reconciliation bill would eliminate the ...
If they want to retain workplace protections, however, the alternative would be to pay 5 percentage points more (for a total of 9.4%) into the Federal Employees Retirement System, even if they won ...
January usually sees an influx of retirement applications; the month before, OPM received 5,020 and processed 4,988. Even in December when it processed almost as many as it received, OPM's ...
The Federal Employees Retirement System (FERS) There are plenty of retirement plans for workers: 401 (k)s and pension plans set up through your employer, IRAs you can manage on your own and Social ...
Key Points FERS provides a three-part retirement plan for U.S. civilian federal employees. Retirees receive Social Security, Basic Benefit Plan pensions, and Thrift Savings like a 401 (k).