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FERS (Federal Employees Retirement System)

OPM Reminds Federal Employees, Retirees to Use Updated Beneficiary Designation Form

April 6, 2023 My Federal Retirement

The form allows the named beneficiary to receive any lump-sum benefit which may become payable under CSRS or FERS

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Lawmaker Reintroduces Equal COLA Act for Federal Retirees

February 13, 2023 My Federal Retirement

If passed, the legislation would guarantee that federal retirees in the Federal Employee Retirement System (FERS) and the Civil Service Retirement System (CSRS) both receive the same annual percentage cost of living adjustment each year

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2023 COLA Estimated to be 8.7%

September 20, 2022 My Federal Retirement

Cost of living adjustment (COLA) prediction

A nonpartisan seniors group predicted last week that the 2023 cost-of-living adjustment for Social Security retirement benefits could be as much as 8.7% — the largest increase in nearly 40 years

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Lump Sum Employee Benefits Paid to Eligible Beneficiaries of Deceased CSRS and FERS Employees

September 12, 2022 Edward A. Zurndorfer, CERTIFIED FINANCIAL PLANNER®

Ed Zurndorder explains what the lump sum credit is, the rules that apply in paying the lump-sum credit to eligible surviving family members, and the procedures the eligible surviving family must follow to apply for the lump-sum credit

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Spousal Survivor Benefits Upon the Death of a Former Federal Employee

Edward A. Zurndorfer, CERTIFIED FINANCIAL PLANNER®

Ed Zurndorfer outlines the eligibility requirements for a spousal survivor annuity resulting from the death of a former FERS-covered employee — plus the computation of the survivor annuity and the application procedures

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Spousal Survivor Benefits Upon the Death of a Federal Employee

August 5, 2022 Edward A. Zurndorfer, CERTIFIED FINANCIAL PLANNER®

Federal benefits expert, Ed Zurndorfer, discusses spousal benefits that are given to a surviving spouse upon the death of a married federal employee

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10 Biggest Mistakes Federal Employees Make When Planning for Retirement (and How to Avoid Them)

August 3, 2022 Edward A. Zurndorfer, CERTIFIED FINANCIAL PLANNER®

TSP Mistakes

Learn the 10 biggest federal retirement planning mistakes that many employees make before leaving civil service including CSRS, FERS, Thrift Savings plan and more

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Bill Would Give Equal COLA to Both FERS and CSRS Federal Retirees

June 16, 2022 My Federal Retirement

Cost of living adjustment (COLA) prediction

If passed, the Equal COLA Act would give federal retirees in both FERS and CSRS the same annual  cost of living adjustment each year

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Divorce and Federal Employees – Part I: Court Orders and CSRS and FERS Annuities

June 6, 2022 Edward A. Zurndorfer, CERTIFIED FINANCIAL PLANNER®

Federal benefits expert, Ed Zurndorfer, discusses how court orders associated with a divorce can affect a federal employee’s CSRS or FERS annuity.

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Advantages and Disadvantages of FERS Deferred Retirement

May 24, 2022 Edward A. Zurndorfer, CERTIFIED FINANCIAL PLANNER®

Federal benefits expert, Ed Zurndorfer, outlines the option for deferred retirement — including the requirements for a FERS employee to elect this option and its pros and cons. Example scenarios are provided.

more…

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