Don't go work for this guy.Mmm- Yeah, I’m gonna have to ask you to save much more for retirement, okay?

Defined-Benefit Pension Programs (like your FERS Annuity and/or Military Retirement Pension) are headed the way of the Dodo Bird.  Here’s a recent example.

The State of California recently illustrated the difficulty of running a Defined-Benefit Pension program.   CALSTRS (the California State Retirement System) is a juggernaut of a pension fund that is designed to support almost 500,000 teachers, state employees, and municipal employees in retirement. Continue reading


Happy New Year!  It’s time to make some predictions for 2014 that affect Federal Employees and Veterans.

1. Feds, You’ll get your 1% raise, (if you’re still working). 

2. Then again, maybe you won’t.  
There’s no guarantee there won’t be another round of furloughs this year once the Defense Service Chiefs figure out they are going to run out of ‘Gas Money’ by August.

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Sen. Murray and Rep. Ryan recently inked a compromise to avert another government shutdown.  Here’s how the Deal affects Federal Employees and Veterans.

Short answer:  No effect on benefits for Active Military and Active Feds, minor effect on Retired NG/Reserves, much effect on Active Duty Retired Veterans, Retired Feds, and Future Feds.

I just met up with a colleague this past weekend who works at the Treasury Department.  He’s a fellow Veteran and has a few questions about performing a Military Service Credit Deposit.  We’ll call him ‘Bill’.

Just one quick question. If I leave Treasury after say 2 years, will I still draw a pension? Or do I have to finish a full 20 years of service?

Bill –

There are 2 issues here-  First is the Eligibility to draw a FERS Annuity, Second is how many years go in to the FERS Annuity Calculation. Continue reading