Four Questions You Should Ask About the 2017 Annual Social Security Report
July 18, 2017
On July 13, the annual trustee reports on Social Security and Medicare were released to review the health and viability of this program. The annual social security report estimates what payroll taxes will look like in the next few decades and how Medicare coverage will change as well. It then creates a report card for […]
MyFEDBenefits Celebrates National Postal Worker Day
June 30, 2017
MyFEDBenefits Thanks All USPS Employees On National Postal Worker Day USPS employees provide vital and affordable services to the American public. From working in postal centers across the country, to hand delivering mail daily and loading and unloading mail trucks, postal employees are the reason our current mail delivery system runs so efficiently. They trudge […]
Congress Approves VA Reform Bill
June 21, 2017
A Newly Passed VA Bill Could Mean Big Changes for Federal Employees On June 13, 2017, the House passed a bipartisan bill to reform the U.S. Department of Veteran Affairs in a 368 – 55 vote. This bill, the S.1094 – Department of Veterans Affairs Accountability and Whistleblower Protection Act of 2017, originated in the […]
Proposed Federal Retirement Budget Cuts
May 29, 2017
President Trump’s proposed federal retirement budget could lead to big changes for federal employees. Under the new budget proposal, federal employees will see a major shift in their retirement policies, ultimately limiting their retirement benefits and reducing their annual take-home income due to increased costs. The budget impacts both Federal Employees Retirement System (FERS) and […]
Federal Retirement Quiz
May 5, 2017
Are You Ready To Retire? Preparing to retire is a daunting process, especially if you don’t have a secure retirement plan in place. Many federal employees don’t have a special retirement supplement in place, or why it’s beneficial to contribute to your TSP. We have created a custom federal retirement quiz that will help you […]
What You Need To Know About Postal Service Reform
April 11, 2017
USPS employees may be facing new changes to their retirement benefits with the introduction of a possible new bill The new proposed H. R. 756 bill is attempting to salvage the U.S. Postal Service by drastically cutting costs and driving up revenue. Though the bill still has to pass both the House and Senate before it becomes law, […]
How The Federal Hiring Freeze May Affect Your Retirement
February 5, 2017
Learn how the new federal hiring freeze may affect your retirement President Trump has placed a hiring freeze on the federal workforce; however, he does not specify how long it is to stay in effect. The order was given late January after his inauguration. It is the first of many moves the president plans to […]
Social Security Changes For 2017
January 15, 2017
Proposed social security changes for retirees in 2017 Change is coming to beneficiaries of social security benefits beginning in January 2017. For starters, full retirement age (FRA), the age when you can collect your full benefit, will creep up from 66 to 67 in two month increments over the next six years. This will affect […]
What Does the Federal Pay Increase Mean for your Retirement Plan
January 3, 2017
Civilian federal employees will see an additional 0.5% bump in their paychecks in 2017, according to Government Executive. This raise comes as a surprise to many. Earlier this year, President Obama proposed a 1.6% pay increase. That amount has now increased to 2.1%. Pressure from federal employee unions and members of congress were likely motivators. […]
Keeping Personal Records For Retirement
September 8, 2016
Federal retirement counselors share the importance of keeping personal records We love our agencies. Unfortunately, we cannot depend on them to get it right every time. To be human is to err, and this means that discrepancies are bound to happen. What we can do is prepare for them by keeping copies of our own […]
