Showing posts with label Federal Retirement. Show all posts
Showing posts with label Federal Retirement. Show all posts

Monday, August 7, 2017

House Recesses without Deciding on Proposed Retirement Benefit Cuts

House Recesses without Deciding on Proposed Retirement Benefit Cuts

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.com

Federal Retirement,

Thursday, June 29, 2017

9 Republicans now say they oppose proposed cuts to federal retirement

9 Republicans now say they oppose proposed cuts to federal retirement

Snippet 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.com

Saturday, July 18, 2015

What is a Minimum Retirement Age (MRA) plus 10 annuity under the Federal Employees Retirement System (FERS)?

Article Title: What is a Minimum Retirement Age (MRA) plus 10 annuity under the Federal Employees Retirement System (FERS)?

Snippet 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.gov

Thursday, June 13, 2013

Federal Worker Shortage Coming With Mass Retirement Wave Possible

Article Title: Wave of federal retirees to hit government

Snippet 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

Tuesday, February 9, 2010

Can military time count toward csrs retirement?

Article Title: Can military time count toward csrs retirement?


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.


Source: federal-newsgroup.blogspot.com

Go to OPM for more info

Monday, November 30, 2009

USDA gets approval for employee buy outs from OPM as mega-management reorg continues

as first reported by federalnewsradio

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..."


Source: www.federalnewsradio.com

[tag]Federal,Government,Military,Retiree, [/tag]

Wednesday, July 1, 2009

Federal pay and benefits provisions missing from Senate bill


Article Title: Federal pay and benefits provisions missing from Senate bill
Snippet from Article: "...The House approved measures that would allow workers under the Federal Employees Retirement System to count unused sick leave toward their retirement annuities..."
Source: www.govexec.com

[tag]Federal,Government,Military,Retiree, [/tag]

Tuesday, June 23, 2009

CAUSEY: Workers win some, lose some on Hill


Article Title: CAUSEY: Workers win some, lose some on Hill
Snippet from Article: "...Republicans in Congress, looking for ways to cut federal outlays, persuaded their leadership to endorse a plan that would (if enacted) require federal and postal workers to work longer to get benefits promised them, and would withhold any annuity payments until they age 62, even if they retired much earlier. ..."
Source: washingtontimes.com

[tag]Federal,Government,Military,Retiree, [/tag]

Monday, January 26, 2009

Choosing the right day to retire can be a science


Article Title: Choosing the right day to retire can be a science
Snippet from Article: "...an employee can maximize their annuity, which goes into effect the day after retirement. Annuity is based on completed years and months of service...."
Source: www.tinkertakeoff.com

[tag]Federal,Government,Military,Retiree, [/tag]