Snippet of Article: "...suggested achieving that goal by increasing required contributions toward retirement benefits and eliminating the “special retirement supplement” paid to those under FERS who retire before age 62 and until that age when they can draw Social Security benefits..."
Source: www.fedweek.comSnippet of Article: "...Reps. Barbara Comstock (R-Va.) and Rob Wittman (R-Va.), who often come down in support of federal employees, were among the nine who wrote to House Speaker Paul Ryan (R-Wis.) and Majority Leader Kevin McCarthy (R-Calif.). But seven others, including Reps. Frank LoBiondo (R-N.J.) and Chris Smith (R-N.J.), Rob Bishop (R-Utah), Tom Cole (R-Okla.), Walter Jones (R-N.C.), Brian Fitzpatrick (R-Pa.) and Austin Scott (R-Ga.) also signed the June 17 letter. “Our strongest objection is how the proposals break a promise to employees and retirees who have based career planning on longstanding promised benefit calculations,” members wrote. “They and their families don’t deserve to be treated in this cavalier manner..."
Source: federalnewsradio.comSnippet of Article: "...This is a provision that allows you to retire with benefits beginning immediately if you have ten years of service and have reached the Minimum Retirement Age..."
Source: www.opm.govSnippet of Article: "...30% of the federal workforce will be eligible to retire in the next three years, according to a Government Accountability Office report. That means the government could be hit by a wave of retirements at a time when it is already dealing with inadequate staffing..."
Source: cnn.com
Yes, under Public Law 97-253, you can have your military service time after 1956 count toward your Civil Service Retirement. However, individuals that first became subject to Civil Service Retirement System deductions after Oct. 1, 1982, must make a deposit to receive credit for their military service in their CSRS or FERS annuity. CSRS covered employees prior to Oct. 1, 1982, may choose not to make the deposit and still receive credit toward the annuity, but would, if they are eligible for Social Security benefits, would at that time lose credit for military service in their CSRS annuities and their annuities will be reduced. If you pay the deposit, you will receive credit for their military service under CSRS and Social Security.
Article Title: USDA gets approval for employee buy outs from OPM as mega-management reorg continues
Snippet of Article: "...Employees selecting the VSIP option are eligible for a lump sum payment of $25,000 (gross) or an amount equal to the employee’s computed severance pay, whichever is less. Since the VSIP is limited to retirement eligibles..."
