Federal Employee Retirement System Changes

Two Significant Changes to FERS

Article Excerpt: "...You wouldn’t expect the “Middle Class Tax Relief and Job Creation Act of 2012” to affect federal employee retirement benefits, would you? But it does. In fact..."

Resource: www.fedsmith.com

Social Security and the candidates

Looming large for 2012 candidates: Social Security

Article Excerpt: "...Altobello worries his sons -- and younger employees -- will never see a nickel from Social Security. After 72 years on the job, the federal retirement program must change, though no one can be sure exactly how to make it rock solid...."

Resource: www.cbsnews.com

COLA for Fed Retirees and Social Security Recipients

1.7 Percent: The 2013 COLA

Article Excerpt: "...You've got a 1.7 percent cost-of-living adjustment coming in 2013 if you're one of the country's 56 million Social Security beneficiaries - about $21 more a month if you're receiving the average benefit of $1,236, the Social Security Administration announced Tuesday...."

Resource: www.aarp.org

Federal Retirements Grow, Hiring Slows

Retirements surge, new hires plummet

Article Excerpt: "...The federal government’s long-awaited retirement wave is here, and it’s smacking headlong into the biggest hiring slowdown in a decade. And it’s not just retirements. Overall attrition shot up..."

Resource: www.federaltimes.com

Federal Retirement, Federal Employment,

Postal retirement buyout incentive for union represented employees

APWU, USPS Negotiate Retirement Incentive

Article Excerpt: "...To qualify for early retirement, employees must have at least 20 years of service and be 50 years of age or must have 25 years of service at any age. (For employees in the Civil Service Retirement System, the annuity is reduced 2 percent for each year workers are under age 55.) Eligibility will be based on a Jan. 31, 2013, effective date. Eligible employees who do not qualify for regular or early retirement but wish to receive the incentive may resign. ..."

Resource: www.apwu.org

Early Retirement, Postal Buyout, Buyout Incentive, APWU early retirement,