comparing CSRS to FERS certainly attracted a lot of feedback. I expected some skepticism, but not the level of hostility in some of the responses. I was trying to make FERS employees feel better about ...
The same inflation that continues to take a toll on household finances resulted in a historic 2023 cost-of-living adjustment increase. The 8.7 percent COLA is the largest in 42 years and will boost ...
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What federal employees with a FERS pension are getting wrong about their TSP
Quick Read TSP is the critical third leg for federal employees after FERS pensions (averaging 30% of pre-retirement income) ...
Federal employee benefits are controlled by the Federal government through laws adopted by Congress and promulgated in the Code of Federal Regulations. Anyone who serves Federal Employees in ...
A recent Federal Diary on a House bill that would make deferred retirement payments a better deal for federal employees caught the attention of several readers who raised questions and wished to make ...
In this example, FERS comes out slightly ahead of CSRS. But consider the following factors that could change the situation: At the same time, there are also some reasons why someone might be happier ...
A federal employee with 30 years of service and a $90,000 high-3 average salary receives only $27,000 annually under FERS—30% of pre-retirement income—because the formula pays just 1% per year of ...
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