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Recent Federal Retirement Articles
CSRS - FERS - Thrift Savings - FEHB - FEGLI
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TSP Financial Hardship Withdrawals: The "Real" Cost
Edward A. Zurndorfer, Certified Financial Planner
Federal employees are making in-service financial hardship withdrawals from their Thrift Savings Plan (TSP) at a greater pace during 2010 compared to previous years. Federal benefits expert, Ed Zurndorfer, discourages federal employees from raiding their TSP accounts for this purpose -- giving insight to the "real" cost and consequences . . . more
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How Does the General Schedule (GS) Pay System Work? Raises, Locality Pay and More
August 25, 2010
With recent major coverage in the national media debating if federal employees are overpaid coupled with rising federal deficits that affect decisions by lawmakers, many My Federal Retirement readers have submitted questions about how the General Schedule (GS) pay system works -- with particular concern in regard to the 2011 federal employee pay raise. To answer some of the most frequently asked questions, here's a fact sheet describing the GS pay structure, promotions, annual pay adjustments, and locality pay . . . more
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8 Ways to Avoid Pitfalls Under the New Rules for Credit Cards
August 24, 2010
Under the new rules governing credit cards (which took effect August 22, 2010), it's possible consumers could face account changes going forward -- such as interest rate increases on future transactions and the imposition of new fees or penalties . . . more
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Federal Employees Are Being Misinformed About Life Insurance (FEGLI) Death Benefits
Edward A. Zurndorfer, Certified Financial Planner
Federal benefits expert, Ed Zurndorfer, reveals how the use of "retained asset" accounts for beneficiaries from the life insurance company contracted by the Office of Personnel Management (OPM) for the Federal Employees Group Life Insurance program (FEGLI) is in the provider's corporate investment account (which is not backed by FDIC insurance) -- and why OPM has an obligation to clear up the misleading language in its FEGLI handbook for federal employees . . . more
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2011 Federal Pay Raise: 1.4% Increase for GS Pay Scale?
August 12, 2010
On July 29, 2010, the Senate Appropriations Committee passed the Fiscal 2011 Financial Services and General Government spending bill which included a 1.4 percent 2011 federal pay raise -- the same figure that President Obama requested earlier this year . . . more
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7 Easy Tips for Growing Your Savings During Tough Economic Times
Sharla D. Rountree, Certified Financial Planner
In trying economic times, it is common to neglect your savings. But it's important to remain focused -- regardless of the economic state of our country -- and paying ourselves is a must Here are seven easy tips for growing your savings . . . more
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FEHB Open Season Dates for 2010 Announced by OPM
July 28, 2010
The Office of Personnel Management has announced the dates for the 2010 Federal Benefits Open Season. Employees and retirees are encouraged to be aware of the actions they can take in various programs including health, dental and vision benefits . . . more
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Thrift Savings Plan (TSP) Annuity Guide
A TSP annuity is one of your options for withdrawing your TSP account after you separate from federal service. If you want a guaranteed stream of payments for as long as you (or your joint annuitant) are alive, an annuity may be the right choice. Learn about the three aptions, features for beneficiaries, and income tax issues plus access the TSP annuity calculator . . . more
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Recent Articles &
Resources
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Overview - CSRS
