Federal workers have been wondering what employee benefits might be up for cuts under the new Congressional “Supercommittee”, but last week’s appointments don’t necessarily shed light on what the future might hold. The Washington Post has dug into the committee members’ voting records and found that most have little to no history in federal benefits.Read… Read more »
The White House and Congress appear to be on the verge of closing a new agreement to fix the debt ceiling, a deal that features massive cuts and no new revenue. What does this mean for federal workers? While the deal does not include explicit cuts for federal workers, that doesn’t mean they won’t feelRead… Read more »
No one is exactly sure what will happen if Congress and the White House fail to raise the debt ceiling by August 2nd, but it might look something like the furloughs at the Federal Aviation Administration. On Saturday, the agency was forced to furlough 4,000 employees until further notice. As the Washington Post reports, federalRead… Read more »
A soon to be retired fed contacted me last month about an estimate they received from their HR department with a grossly incorrect survivor benefit cost estimate. The employee was advised that a full survivor benefit for their spouse would reduce their monthly benefit by one third! Incorrect high estimates like this can put theRead… Read more »
Our federal employees retirement planning site at www.federalretirement.net receives many questions each month from retirees and federal employees and many are focused on the following subject areas. I suggest copying this article and keep it with your important papers so you and your family will have the answers needed when faced with these issues. RetirementRead… Read more »