PART-TIMERS AND CALCULATING THE FERS ANNUITY
A question came into my inbox about calculating the annuity for part-time employees. The calculation of the annuity for part-time employees takes into consideration the high-3 average salary at the full-time rate of pay. The benefit, however, is based on the full-time rate reduced in accordance with the part-time schedule. Who is covered under FERS is another […]
DO FEDERAL EMPLOYEES NEED FINANCIAL COUNSELING
Do kids as young as pre-kindergarten age need to start appropriately learning financial literacy? Yes they do. Being financially literate is a very necessary tool to survive in the new, global experience. There are a number of federal employees who are wise enough to connect with responsible financial counselors and educators. There is an ever […]
SHOULD FEDERAL EMPLOYEES BE PAID BASED ON PERFORMANCE
That seems to be a legitimate question, but one I fail to comprehend. I thought all employees were paid based on their performance. Because if they are not paid based on performance, then the converse would be true, they are paid based on non-performance. When I first heard the statement paid for performance, it was […]
WILL REFORMING FEDERAL PAY BENEFIT RETIREMENT
The Federal Pay Schedule commonly called the General Schedule is over 50 years old. I personally think a lot of work and integrity went into constructuring a pay system based on a theory of equity. The GS Schedule has 15 grades ranging from a GS-1 to a GS-15 with ten steps for each grade. The […]
IN THE NEWS – COMING OR GOING
It is so confusing,t where is the logic. We are talking about the revolving door of Federal employees coming and going. There are mandates across agencies to reduce the number of Federal employees on the rolls. Several strategies have been offered from the threat of a RIF (Reduction-in-Force), to offering buy-outs. The mandate calls for […]
NEWSLETTER WEEKLY – FIX THE LEO PROBLEM
The Federal Retirement Systems are not uniform across unique systems. All persons under the Civil Service Retirement System (CSRS) are not governed by the same guidelines and the same is true for the Federal Employees Retirement System (FERS). The Office of Personnel Management (OPM) has been involved in a number of attempts to bring uniformity […]
GROW YOUR BRAIN IN RETIREMENT
• Read a classic novel that you’ve been afraid to dive into • Take up chess • Take up hunting or fishing of hiking or museum hopping-become a docent • Take a class – of course! – ladies – in auto mechanics • Write your memoirs • Learn a foreign language • Join a community theater group • Take a class – of […]
Getting In Shape For Retirement
How you spend your retirement years may have as much to do with your physical plan as your financial plan. Here are a few ideas that could help you enjoy your golden years just a bit more.
How Ready Are You For Retirement?
There are many more retirement readiness questions we could pose, but I think we have sufficient fuel to allow us to take a good look at our readiness for retirement.
Sources of Federal Retirement Income
The majority of federal retirees will get income from a number of sources. However, the only sources they can really depend on are ‘certified sources’ of income. What are certified sources of income?
