Determining Retirement Eligibility Under Mixed FERS/CSRS Annuities
April 22, 2016
Determining what you are eligible for under FERS or CSRS when it comes to your retirement can be confusing. When you have both, it can seem even more complicated. The date of your government hire will determine if you qualify for FERS or CSRS. But what if you fall into the bucket of mixed CSRS […]
House Republicans Put Forth Plan to Cut Federal Employee Workforce
April 8, 2016
House Republicans have laid out their blueprints for reducing the national debt, which requires cuts to the federal workforce, as well as their pay and benefits. Lawmakers estimate the savings from these cuts would amass more than $280 billion over the course of 10 years and slash non-Defense, discretionary spending at agencies by $887 billion […]
Reform on the Horizon for USPS
March 25, 2016
Although it is too early to know what will come of Sen. Tom Carper’s legislation to reform the U.S. Postal Service, it is safe to say that the Postal Service’s growing deficit in funding for employee pensions and medical benefits will be addressed. This has been an ongoing issue for the USPS. However, prior to […]
OPM Falling Behind on Retirement Applications
March 11, 2016
The Office of Personnel Management (OPM) is dealing with a large backlog of applications from retiring federal workers. As of January 2016, the backlog of claims was at a whopping 73%, which is a concern for those looking to retire sometime this year. What does the backlog mean for retiring federal workers? For starters, many […]
How to Prepare for Federal Retirement
February 12, 2016
It’s never too early to be thinking about your retirement. Whether you are 30 or 60, there are always simple things you can do to help prepare for Federal retirement. When you are ready to retire you are going to want to maximize all of your benefits, which is why preparing for retirement in advance […]
5 Things You Need to Know About a Thrift Savings Plan
January 15, 2016
The Thrift Savings Plan (TSP) is a crucial part of your Federal benefits package regardless if you are a civilian employee or a member of the military. But the bigger question is, how do you manage it? Here are 5 Things You Need to Know About a TSP: Consider it your 401K: A TSP is […]
Obama Nominates NEW OPM Chief
November 18, 2015
Beth Cobert may become the new head of the U.S. Office of Personnel Management if President Obama has his way. The president has nominated the now acting director of OPM to officially take over the agency and become OPM director. Ms. Cobert became acting director following the resignation of former OPM director Katherine Archuleta. Ms. […]
Former IRS Chiefs Warn Congress about Budget Cuts
November 18, 2015
Seven former IRS commissioners are begging Congress to halt additional cuts to the agency’s budget. In a November letter to U.S. House and Senate leaders, the former commissioners pointed out that the agency’s budget has been cut by 17 percent since 2010 — a $1.2 billion reduction. “None of us ever experienced, nor are we […]
Rate Changes on the Horizon for FEGLI Participants
November 4, 2015
Come January, you might see your Federal Employees’ Group Life Insurance deduction on your paycheck rise or fall depending on the plan you are enrolled in. Older workers and retirees will be the hardest hit. The U.S. Office of Personnel Management recently issued a notice in the Federal Register informing federal workers and federal retirees […]
Rare FEGLI Enrollment Opportunity Offered Next Year
November 4, 2015
Federal workers will be offered a rare opportunity to enroll in, or modify, government-sponsored life insurance. The question we must raise though is…..is it worth it? More on that in a moment. According to a notice in the Federal Register, the U.S. Office of Personnel Management will hold a Federal Employees’ Group Life Insurance open […]
