By Ian Smith, www.fedsmith.com The backlog of retirement claims at the Office of Personnel Management increased slightly last month thanks to the agency receiving more than were processed. 7,625 claims were received in May and OPM processed […]
Office of Personnel Management Director Jeff Pon wrote a letter to House Speaker Paul Ryan late last week requesting a number of legislative changes that would cut retirement benefits for federal workers. The request, which Pon said would […]
(December 13, 2017) As of today, December 13, 2017, the U.S. Treasury was unable to fully invest the Government Securities Investment (G) Fund due to the statutory ceiling on the federal debt. However, […]
(November 20, 2017) On November 17, 2017, President Trump signed into law the TSP Modernization Act of 2017, which will provide TSP participants with more flexible withdrawal options. The law eliminates the statutory prohibition on […]
Currently, there are 2,625, 261 federal retirees and their survivors. Right now, as you read this, another 300,000 active-duty federal workers are eligible to retire and will, sooner or later, do so. (Mike Causey’s Federal […]
Special Submission Processing Shut-Down Resource In this issue: Buyouts (VERA) Early Outs (VSIP) Retiring is Easy Job Swaps Earn College Credits MOU Highlights Click here for the Special Edition
Changes in federal retirement policies included in President Trump’s budget proposal would impose substantial new costs to active employees to fund their future benefits while reducing the value of benefits for both current and future […]
To be eligible to separate with a VSIP, an employee must: Be serving under an appointment without time limitation; Be currently employed by the Executive Branch of the Federal Government for a continuous period of […]
General Eligibility for VERA To be eligible to retire under VERA, an employee must: Meet the VERA minimum age and service requirements (i.e., the employee has completed at least 20 years of creditable service and […]
Remaining a member of NTEU after you retire is only $42 a year! You can even arrange for only $3.50 a month to be deducted from your federal annuity payment. The first year you retire […]
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