According to the Office of Personnel Management, the average retirement age increased to 61.8 years in 2017 more…
Bipartisan Bills Introduced to Lessen Impact of Social Security’s Windfall Elimination Provision
The House version of the proposal would generally replace the provision with a new formula and provide a rebate payment starting in 2020 for individuals affected by the current WEP more…
Phased Federal Retirement Program Has Weak Participation
Since its introduction in 2014, just over 400 federal employees have chosen it more…
Credit Freezes Are Now Free
Under a new law, consumers concerned about identity theft or data breaches can freeze their credit and place one-year fraud alerts for free more…
Retirees With Pension and Annuity Income Should Review Tax Withholding ASAP
The Tax Cuts and Jobs Act of 2017 changed the way tax is calculated for most taxpayers — including retirees. To avoid costly surprises, the IRS recommends retirees conduct a withholding check-up using its online calculator more…
How Long Will $1 Million in Retirement Savings Last in Your State?
According to a new study, that same $1 million will last plenty long in retirement — or not nearly long enough — depending on where you live more…
IRS Extends Deadlines, Provides Tax Relief for Hurricane Florence Victims
Hurricane Florence victims in parts of North Carolina and elsewhere have until Jan. 31, 2019, to file certain individual and business tax returns and make certain tax payments more…
Senator Introduces Bill for New ‘Climate Choice’ TSP Investment Option
If passed, it would enable federal employees to invest retirement savings without supporting the fossil fuel industry more…
If A 2019 Federal Pay Freeze Is Implemented, What Would It Include — Or Not?
Many federal employees — and retirees — are asking if a pay freeze would affect within-grade step increases or CSRS and FERS cost-of-living adjustments (COLAs). Here is some insight
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As Opposition to Pay Freeze Grows, Lawmakers Could Still Approve 2019 Pay Raise
As the House and Senate near a conference agreement for next year’s spending bill, nearly 200 Republican and Democratic lawmakers have urged passage of a minimum 1.9% pay increase more…