The changes affect several provisions in legislation approved by the House Budget Committee, including an increase in FERS employee pension contributions, elimination of the FERS annuity supplement, and changing the method of calculating federal retirement annuities for new retirees more…
2025 OPM Retirement Booklet Now Available
The booklet gives an overview of your retirement benefits, CSRS or FERS annuity information, and survivors benefits and annuity information more…
How to Fund a Roth IRA When Your Adjusted Gross Income Is Too High
In order to make a Roth IRA contribution, a federal employee’s adjusted gross income (AGI) has to be below certain limits set by the IRS. Ed Zurndorfer outlines four ways they can fund a Roth IRA when their AGI is too high more…
RSC Provides Details of Cuts to Federal Employee Benefits in House Budget Proposal
The proposed cuts include an increase in FERS employee pension contributions, elimination of the FERS annuity supplement, changing the high-3 years average salary to high-5 years for measure of pay used to calculate FERS (and CSRS) benefits, and FEHB eligibility audits more…
Pros and Cons of Claiming Retroactive Social Security Benefits
Qualified Social Security beneficiaries can receive up to six months of monthly benefits in a lump-sum payment. While this option can boost a beneficiary’s retirement income in the short-term, it can impact the beneficiary’s long-term Social Security retirement benefits. Ed Zurndorfer outlines factors you should consider when deciding whether to claim retroactive benefits more…