Feds and Social Security: Have at least one Plan B

Article Title: Feds & Social Security: Have at least one Plan B
Snippet of Article: "...Although they were outside of the Social Security loop for decades, virtually all federal and postal workers hired since the mid-1980s now pay into and will receive Social Security when they retire. It is an important component of the FERS (Federal Employees Retirement System). Most retirees will live off their Social Security monthly benefit, their FERS annuity (which is about half of the CSRS benefit it replaced) and income from their Thrift Savings Plan..."

Source: federalnewsradio.com

[tag] Federal Employee News, Federal Civil Service, Feds and Social Security [/tag]

Federal employee speaks out about tax situation

Article Title: Federal employee speaks out about tax situation
Snippet of Article: "...federal employees pay Medicare taxes (which is only fair), but they included two provisions, Windfall Elimination Provision and Government Pension Offset. These two provisions, little known to the general public because it does not affect them, virtually wiped out anyone retiring under the federal civil service retirement system or from state or public service from drawing Social Security...."

Source: www.journal-news.net

[tag]Windfall Elimination Provision, Federal Employee Pay, [/tag]