Retirement Benefits

Former Temporary Workers Could Make Catch-Up Pension Contributions Under New Bill

Currently, Federal Employees Retirement System employees who began their careers as temporary workers must work longer than anticipated to receive full retirement benefits.

Most TSP Funds Continue Upward Trend in May

Only one portfolio in the federal government’s 401(k)-style retirement savings program lost value last month.

States That Won’t Tax Your Federal Retirement Income

States levy three main types of taxes: income tax, sales tax, and property tax. You should understand all three and the impact they will have on your savings.

Lawmakers Push to Fix Controversial Tax Rule Affecting Federal Retirees

A new bill would set up a new formula to calculate how much retirees get in Social Security benefits if they also receive a defined benefit pension, in some cases replacing the controversial Windfall Elimination Provision.

Don’t Make These TSP Withdrawal Mistakes

Saving enough for retirement is like climbing Mount Everest: Getting to the top is an incredible feat but once you get there, you have to come down. That’s the really dangerous part.

New Bill Would Protect Early Retirement Benefits for Injured Federal First Responders

Currently, federal first responders who transfer to another job at a federal agency due to an injury may no longer retire at 57, despite paying more into the retirement system.

3 Dumb Reasons to Take Social Security at 62

It is critical to make financial decisions based on facts, not fear or misinformation.

The Downside of Investing in the TSP's Lifecycle Funds

Many know they should invest more conservatively as they approach retirement, but investing too conservatively can be dangerous if you don’t want to run out of money.

The G Fund Has Seen Better Days

It’s important to know what the investment can do for you—and what it can’t.

Your Tax Bill Is On Sale, But Probably Not for Long

Federal employees shouldn’t overlook the potential advantages of investing in a Roth TSP or Roth IRA.

Lawmakers Seek to Increase Retiree COLA for Next Year to 3%

Legislation would set the annual increase in Social Security and federal retiree annuities at 3%, rather than the 1.3% increase currently slated for 2021, and would permanently increase adjustments in future years.

The 8 Most Important Birthdays for Feds

Think now about these milestones—it could make a world of difference as you approach your next stage of life.

Retiree COLA Set at 1.3% Next Year, Prompting Calls for Change

Organization calls on Congress to shift the metric upon which annual cost of living adjustments for Social Security and federal retirement benefits are based from the general price of goods to one that takes into account spending by the elderly.