http://www.psretirement.com/pension-survivor-benefit-options/ Both CSRS and FERS have an option when they retire to choose a Survivor Benefit option which allows their spouse continued partial pension payments in the event of your death. For CSRS, the Survivor Benefit option would provide a 55% annuity payout. For FERS, the Survivor Benefit has two options: a 25% or 50%Read… Read more »
Save Don’t Spend One concept that should be a part of the fabric of our being is save, save, save during the last five years of our federal work career. Hopefully you have been contributing to your TSP since you began working, but certainly the last 5 years before retirement is a time you shouldRead… Read more »
http://www.psretirement.com/social-security-fers-employees-todd-carmack/ I am often asked by clients “When should I start taking my Social Security payments?”. There is no single right answer to that question because everyone designs their retirement differently. This added income can make a difference on when you decide to retire and how much of a benefit you are willing to accept.Read… Read more »
Understanding Your FEGLI Coverage, by Todd Carmack As a benefit counselor and retirement income specialist, I have come to realize that a lot of employees do not remember what they signed up for or understand their federal employee group life insurance (FEGLI) coverage. An outline of FEGLI coverages available; Basic FEGLI Coverage – if elected,Read… Read more »
http://www.psretirement.com/older-people-and-work/ Do older people work to survive or because they want to stay in the game? I believe the answer is YES to both. In our society we segment people often without giving it much thought. There are older people in the Congress, even in the White House just moments away from the most powerfulRead… Read more »
http://www.psretirement.com/president-obama-nominates-bob-mcdonald-secretary-va/ President Barack Obama will nominate Bob McDonald as the new Secretary of the Department of Veterans Affairs (VA). Mr. McDonald is the former CEO of Procter and Gamble and a Vet. He is a graduate of the U.S. Military Academy at West Point and served in the Army for five years. Mr. McDonald isRead… Read more »
http://www.psretirement.com/inherent-dilemmas-of-a-schedule-a-appointee-section-501/ On May 15, 2014, the U.S. Equal Employment Opportunity Commission (EEOC/Commission) published an Advance Notice of Proposed Rulemaking in the Federal Register (79 Fed.Reg. 27,824-27,826). The Notice was titled “The Federal Sector’s Obligation To Be A Model Employer of Individuals with Disabilities.” The EEOC is seeking public comment on how to implement the federalRead… Read more »
http://www.psretirement.com/voluntary-contribution-program-vcd/ The Voluntary Contribution Program In my research I have heard the Voluntary Contribution Program (VCP) described as: “The Best Kept Secret in CSRS”, “The hidden Treasure That No One Seems to Find” and “A Golden Opportunity to Create Tax Free Income”. There is but one group of people in the United States that hasRead… Read more »
http://www.psretirement.com/older-people-and-work Do older people work to survive or because they want to stay in the game? I believe the answer is YES to both. In our society we segment people often without giving it much thought. There are older people in the Congress, even in the White House just moments away from the most powerfulRead… Read more »
http://www.psretirement.com/now-or-later/ There was a candy years ago called Now-Later. I believe it was called Now-Later because if you chewed it now, it lasted so long you would still have it for later. Well, when it comes to when to collect Social Security benefits I am not so sure if the Now-Later theory actually works orRead… Read more »