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Category Archives: FERS

FEHB Highlights: Calculating the Daily Rate

11/02/2023
We continue exploring the FEHB handbook as the upcoming open season looms. OPM’s FEHB Handbook is a dense digital document that details all the technicalities around health insurance for active and retired federal workers and their family members. In this ... Read More

3 Recently Introduced Bills that Would Impact Federal Employees

11/01/2023
Three pieces of legislation have been introduced in the House. The topics include FERS participants, on-duty beath benefits, and temporary service. In this week’s roundup of recent news pertaining the federal workforce, we look at three pieces of recently introduced ... Read More

An Annuity That Can Help Lower TSP & Traditional IRA RMDs

10/30/2023
Learn about an annuity that can help reduce required minimum distributions (RMDs) Many individuals are not comfortable with annuities. A major reason for this not being comfortable with an annuity is due to a lack of knowledge as to how ... Read More

Social Security for Feds: The Special Retirement Supplement

10/26/2023
Understanding Social Security for Feds: learn about the Special Retirement Supplement for some feds who retire before age 62. Eligible FERS works that retire prior to reaching age 62 have an extra benefit that is designed to supplement social security ... Read More

Best Dates for Federal Employees to Retire in 2024

10/25/2023
Thinking about retiring from federal service next year? Here are the dates that are optimal for federal employees in 2024. The general consensus among federal employees that the best day of the year to retire is the very last one ... Read More

FEHB Highlights: Understanding Premiums and Premium Conversion

10/19/2023
Continuing our FEHB series, looking at premiums and the effect on taxes, social security, and other benefits. OPM’s FEHB Handbook is a dense digital document that details all the technicalities around health insurance for active and retired federal workers and ... Read More

2024 COLA Announced for FERS: 2.2%, 3.2% for CSRS and Social Security

10/17/2023
The 3.2% Cost-of-Living Adjustment (COLA) will apply to CSRS and Social Security. FERS annuitants will see a 2.2% adjustment. A little higher than the 3.0% predicted at the end of August, the Social Security Administration recently announced next year’s COLA ... Read More

Roth TSP Benefits

10/13/2023
Learn why the Roth TSP can be a great choice for younger feds. Traditional qualified retirement plans (including the traditional Thrift Savings Plan or TSP) were built and established in the 1980s on a simple idea. An employee sets aside ... Read More

2024 Federal Pay Raise Update: Still Looking Like 5.2%? + Locality Changes

10/12/2023
Will the shutdown showdown have any impact on next year’s pay raise? Also, OPM recent announcement about locality adjustments. For a while there, next year’s annual pay raise for federal employees appeared pretty set at 5.2% – that was the ... Read More

NASA Sending Data to Moon and CURE Act Moves to House Floor

10/10/2023
News wrap-up from around the federal landscape: NASA is going to test storing data on the lunar surface, marijuana bill is approved by House committee, and $28,000 stolen from Army vet. With the government shutdown “can” proverbially “kicked” down the ... Read More