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
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?
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