If you hadn’t given much thought to retirement before receiving the Trump administration's "deferred resignation" email on Jan. 28, you may be in for a few surprises—not all of them pleasant.
COMMENTARY | From return-to-office mandates to the reappearance of Schedule F, many feds may be finding themselves on a fast track to retirement whether they wanted it or not. But are they financially prepared? What planning should be done before considering an early federal retirement?
Though Congress acted on a bipartisan basis last year to pass legislation ending two controversial tax provisions that affected some federal workers and other public servants, it failed to give the Social Security Administration any money to implement it.
GOP lawmakers are once again considering a litany of proposals that would require federal workers to pay more in exchange for less retirement and health care benefits.
Lawmakers have reintroduced annual bills aimed at setting a marker for the upcoming federal pay raise debate and to end bifurcated cost-of-living increases for federal retirees.
The Social Security Fairness Act ends both the WEP and the government pension offset, increasing the Social Security checks for more than 2 million retired public servants.
The Social Security Fairness Act, which would repeal to controversial tax provisions affecting some federal workers and retirees, has 63 sponsors in the Senate, more than the 60 votes needed to force a vote on the measure.
Statistics measuring the federal government HR agency’s performance in processing departing federal workers’ retirement claims remained stable following the backlog’s removal from OPM’s list of top management challenges.
Lawmakers in September successfully triggered a discharge petition to force a vote on legislation to get rid of the controversial tax provisions affecting some feds’ retirement benefits.