AUTHOR ARCHIVES

Tammy Flanagan

Tammy Flanagan is the senior benefits director for the National Institute of Transition Planning Inc., which conducts federal retirement planning workshops and seminars. She has spent 25 years helping federal employees take charge of their retirement by understanding their benefits.

For more retirement planning help, tune in to "For Your Benefit," presented by the National Institute of Transition Planning Inc. live on Federal News Radio on Mondays at 10 a.m. ET on WFED AM 1500 in the Washington-metro area. Archived shows are available on NITPInc.com.

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More on the FERS Supplement

January 25, 2013 Last week, I wrote about the Federal Employees Retirement System Annuity Supplement. Some people refer to this benefit as the Social Security supplement rather than the FERS supplement, since the purpose of this benefit is to bridge the time between employees’ retirement under FERS and their eligibility for Social Security ...

A Little Extra Under FERS

January 18, 2013 Almost half of all employees who retire under the Federal Employees Retirement System are entitled to receive the FERS Supplement. The supplement is a temporary boost to the basic retirement benefit designed to take the place of the Social Security tier of FERS when an employee retires at an age ...

The Index: 2013 Edition

January 11, 2013 Another year has come and gone. As my mother used to say, “The older you get, the faster time goes.” I celebrated my 55th birthday on Jan. 1 -- which would have marked my first eligibility for retirement under CSRS with 33 years of service, since I was hired on ...

A Look Ahead

January 4, 2013 In my last column, I took a look back at changes in the federal retirement world in 2012. This week, let’s take a look ahead at what has already changed for 2013, and what other developments might be on the horizon. COLAs Civil Service Retirement System retirees (including survivor annuitants), ...

A Look Back

December 21, 2012 With all of this talk of cliffs and cuts and chains, it’s no wonder some federal employees are beginning to panic. While it’s still not clear what changes might come in the federal retirement world in 2013 as Congress and the White House seek to seal a deficit reduction deal, ...

CSRS vs. FERS, Again

December 14, 2012 It seems like the end of the year is a time for trips down memory lane. I remember exploring more than once in this column the age-old debate over which retirement system was better -- the Federal Employees Retirement System or the Civil Service Retirement System. I thought of that ...

Timing Is Everything

December 7, 2012 More than 20,000 federal employees are projected to retire at the end of 2012, according to the Office of Personnel Management. When they do, they will start as many as three engines of income. More than half of those who are planning to retire will be entitled to both a ...

Five Open Season Tips

November 30, 2012 If you’re currently employed, you surely know by now that you’re not getting a salary adjustment in January -- and if you’re retired, the cost-of-living allowance on your retirement benefit will be only 1.7 percent. You actually might be losing a little money if your health plan premiums are increasing, ...

Why Don’t You Have a Flexible Spending Account?

November 16, 2012 One big issue in retirement planning is health insurance benefits. During the federal benefits open season that runs from Nov. 12 to Dec. 10, I’ll be addressing some insurance-related issues. This week, I’ll focus on the flexible spending account program. FSAs offer employees (but not retirees) a way to set ...

Are You Ready to Apply?

November 1, 2012 Based on the 2012 numbers so far, many of you will be retiring soon. The Office of Personnel Management projected it would receive 8,000 retirement claims in August. The agency actually received 8,973. OPM projected 7,000 claims would be filed in September, but the final count was 11,952. The October ...