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FERS Annuity Calculations

As a US Government employee under the Federal Employee Retirement System, or FERS, you have at least three income streams in your retirement: The Thrift Savings Program, Social Security, and your government pension annuity. Understanding the income streams from each is key to retirement planning. The formula for determining your annuity is: 1% (or 1.1%) [...]

2024-08-23T14:36:05-05:00April 23rd, 2022|Annuities, Annuity, Featured Articles|

CSRS and FERS: The Two Federal Retirement Systems

In 1987 the Office of Personnel Management for the Federal Government rolled out a new retirement plan for Federal employees in the Civil Service Retirement System (CSRS). The new Federal Employee Retirement System (FERS) was very different from the existing program and is now the most commonly held retirement program for Federal employees. The government [...]

Sick Leave, Annual Leave, and Military Credit: Time That Pays Out

For Federal government retirees, time in service is one of the most critical elements in determining when they can retire and how large their annuity payments could be. The good news is that a few situations can improve those numbers and make your retirement outlook a bit rosier. Military Time Buyback Many federal employees have [...]

2024-08-23T14:39:06-05:00April 9th, 2022|Annuity, Featured Articles, Pay Outs, Retirement|

The TSP Plan is Changing: What You Need to Know

Beginning in June 2022, the Thrift Savings Plan (TSP) is making several changes to how its service operates. If you are a government employee, it is crucial to understand these changes and how they will impact your retirement plan. Upgrades in how you contact TSP While the TSP contact center will still be available by [...]

2024-08-23T14:37:45-05:00April 2nd, 2022|Federal Employees, TSP Benefits|
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