News for the Federal Employee, Federal Retiree, Military, and Postal Employee. Find updates on COLA's, pay, federal crime,pay raises, retirement living, and federal benefits, and simply the best resource for government workers and government sub-contracrtors ...we define postal employees as being Federal Employees ...and we appreciate your service to our country.
Article Title: 5 Benefits of Serving in the Civil Service After Your Military Career
Snippet of Article: "...if you formerly served on active duty, your military service can provide you with additional benefits under the Federal Employees Retirement System (FERS).
These benefits can be incredibly valuable and can help you earn a more lucrative FERS retirement..."
Article Title: What’s the Impact of the [PROPOSED] FERS Benefit Cuts?
Snippet of Article: "...FERS employees are feeling very uneasy with the proposed cuts to the Federal Employees Retirement System (FERS). Pay Freeze. High 3 To High 5 Average. Paying More For FERS Pension. Eliminating FERS COLA. Eliminating FERS Supplement (Impact on Retirement: Severe for employees who retire under age 62). Reducing the G Fund Interest Rate in TSP. Changes To Sick Leave/Annual Leave. What’s an employee to do?..."
Article Title: Trump’s Budget Takes a Big Bite Out of Federal Retirement Benefits
Snippet of Article: "...As part of his austerity drive, President Trump is seeking to eliminate cost-of-living adjustments for retirees in the Federal Employee Retirement System (FERS), the premier government retirement program. He would also cut the cost-of-living adjustment rate by 0.5 percent for those covered by the parallel Civil Service Retirement System..."
Article Title: Social Security, best day to retire and other life questions
Snippet of Article: "...The answer to this question for 2017 (and for most years) is Jan. 3, whether or not it is at the end of a pay period. However, in some years the leave year ends on a date before..."
Article Title: Will Retired Federal Employees Still Receive Their Annuity Payments During a Shutdown?
Snippet of Article: "...The possibility of a shutdown is again looming at the end of the week. What impact does a partial government shutdown have on your annuity payments should it take place?..."
Article Title: FERS: High-3 Average Salary
OPM describes your “high-3” average pay as follows: Your “high-3” average pay is the highest average basic pay you earned during any 3 consecutive years of service. These three years are usually your final three years of service, but can be an earlier period, if your basic pay was higher during that period. Your basic pay is the basic salary you earn for your position. It includes increases to your salary for which retirement deductions are withheld, such as shift rates. It does not include payments for overtime, bonuses, etc. (If your total service was less than 3 years, your average salary was figured by averaging your basic pay during all of your periods of creditable Federal service).
* This information accurate on 2/28/2015 as per www.opm.gov/retirement-services/fers-information/computation/
Article Title: OPM: FERS Annuity Supplement  |
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