Pay & Benefits
Lawmakers Introduce Another Bill to Repeal Controversial Tax Rule Affecting Federal Retirees
Bipartisan legislation would replace a provision that reduces Social Security benefits for federal, state and local agency employees who spent time in the private sector with a new formula that accounts for their time outside of government, and provide rebates for current retirees.
Workforce
GovExec Daily: The Best Dates to Retire in 2022
Retirement planning expert Tammy Flanagan joins the podcast to discuss the best timing for leaving federal service.
Pay & Benefits
Federal Retirees to See Largest Cost-of-Living Adjustment in Decades in 2022
While CSRS retirees will receive a 5.9% boost to their defined benefit annuity payments next year, enrollees in FERS will only see a 4.9% increase, renewing calls to change the law.
Management
Tax-Wise Savings and Distribution Strategies for Feds
With the national debt roaring towards $29 trillion dollars, it would be prudent to plan for higher future tax rates.
Pay & Benefits
OPM, HHS Move to End Surprise Medical Billing, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
Former Temporary Workers Could Make Catch-Up Pension Contributions Under New Bill
Currently, Federal Employees Retirement System employees who began their careers as temporary workers must work longer than anticipated to receive full retirement benefits.
Pay & Benefits
Most TSP Funds Continue Upward Trend in May
Only one portfolio in the federal government’s 401(k)-style retirement savings program lost value last month.
Pay & Benefits
Growing Momentum to Fix Some Feds’ Retirement, and More
A weekly roundup of pay and benefits news.
Pay & Benefits
States That Won’t Tax Your Federal Retirement Income
States levy three main types of taxes: income tax, sales tax, and property tax. You should understand all three and the impact they will have on your savings.
Pay & Benefits
Lawmakers Push to Fix Controversial Tax Rule Affecting Federal Retirees
A new bill would set up a new formula to calculate how much retirees get in Social Security benefits if they also receive a defined benefit pension, in some cases replacing the controversial Windfall Elimination Provision.
Pay & Benefits
Don’t Make These TSP Withdrawal Mistakes
Saving enough for retirement is like climbing Mount Everest: Getting to the top is an incredible feat but once you get there, you have to come down. That’s the really dangerous part.
Pay & Benefits
Lawmakers Push for Increases in Feds’ Leave, Retirement Benefits
A weekly roundup of pay and benefits news.
Pay & Benefits
New Bill Would Protect Early Retirement Benefits for Injured Federal First Responders
Currently, federal first responders who transfer to another job at a federal agency due to an injury may no longer retire at 57, despite paying more into the retirement system.
Pay & Benefits
3 Dumb Reasons to Take Social Security at 62
It is critical to make financial decisions based on facts, not fear or misinformation.
Pay & Benefits
The Downside of Investing in the TSP's Lifecycle Funds
Many know they should invest more conservatively as they approach retirement, but investing too conservatively can be dangerous if you don’t want to run out of money.
Pay & Benefits
The G Fund Has Seen Better Days
It’s important to know what the investment can do for you—and what it can’t.
Pay & Benefits
Your Tax Bill Is On Sale, But Probably Not for Long
Federal employees shouldn’t overlook the potential advantages of investing in a Roth TSP or Roth IRA.
Pay & Benefits
Lawmakers Seek to Increase Retiree COLA for Next Year to 3%
Legislation would set the annual increase in Social Security and federal retiree annuities at 3%, rather than the 1.3% increase currently slated for 2021, and would permanently increase adjustments in future years.
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