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 »
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/applying-for-benefits/ When a federal employee dies family members or representatives must apply for benefits. Benefits are not automatically distributed. The forms differ depending on the retirement system your deceased family member was a part of. Standard Form (SF) 2800 is used for those individuals who were covered under the Civil Service Retirement System (CSRS). StandardRead… Read more »
http://www.psretirement.com/getting-ready-for-federal-retirement/ Getting ready for retirement means putting plans in place for perhaps one of the biggest transitions you will make in your life. Some things you should consider if you are planning to retire in 5 years. • Have a Federal Employee Benefit Analysis performed. • Ask your employer exactly what they can do inRead… Read more »
http://www.psretirement.com/windfall-elimination-reductions/ The Windfall Elimination Provision (WEP) only impacts individuals who earned a pension in any job and did not pay Social Security taxes, but worked long enough in other jobs to be eligible for Social Security Retirement or benefits due to disability. The Windfall Elimination Provision impacts Social Security benefits when any of an employee’sRead… Read more »
I just read that many Federal employees are waiting to retire because they believe Congress is going to approve a buy-out. Is that you too? If it is, perhaps you should rethink your plans. Sequestration, furloughs and frozen salaries are all the rage these days. Add to that the fact that we have a deadlockedRead… Read more »