Ed Zurndorfer discusses the earned income – salary/wages/net self-employment income – reporting requirements for FERS Special Retirement Supplement (SRS) annuity recipients including a review of eligibility requirements, how the annuity is calculated, possible reductions due to excess earnings, the reporting deadline (June 30), and how to report earnings to OPM. Several practical examples are included. more…
FERS (Federal Employees Retirement System)
Using OPM’s ‘Federal Ballpark E$timate’ Calculator for FERS / CSRS
The Office of Personnel Management has updated it’s online calculator that projects annuity for FERS, CSRS and Thrift Savings Plan benefits to help federal employees more…
OPM Reminds Federal Employees, Retirees to Use Updated Beneficiary Designation Form
The form allows the named beneficiary to receive any lump-sum benefit which may become payable under CSRS or FERS more…
Lawmaker Reintroduces Equal COLA Act for Federal Retirees
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 more…
2023 COLA Estimated to be 8.7%
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 more…
Lump Sum Employee Benefits Paid to Eligible Beneficiaries of Deceased CSRS and FERS Employees
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 more…
Spousal Survivor Benefits Upon the Death of a Former Federal Employee
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 more…
Spousal Survivor Benefits Upon the Death of a Federal Employee
Federal benefits expert, Ed Zurndorfer, discusses spousal benefits that are given to a surviving spouse upon the death of a married federal employee more…
10 Biggest Mistakes Federal Employees Make When Planning for Retirement (and How to Avoid Them)
Learn the 10 biggest federal retirement planning mistakes that many employees make before leaving civil service including CSRS, FERS, Thrift Savings plan and more more…
Bill Would Give Equal COLA to Both FERS and CSRS Federal Retirees
If passed, the Equal COLA Act would give federal retirees in both FERS and CSRS the same annual cost of living adjustment each year more…