Final Rule: Phased Retirement

Article Excerpt: "...The Office of Personnel Management (OPM) is adopting its proposed phased retirement regulations with four minor changes. Phased retirement is a human resources tool that will allow full-time employees to work a part-time schedule and draw partial retirement benefits during employment. The “Moving Ahead for Progress in the 21st Century Act,” or “MAP-21,” requires OPM to publish regulations implementing phased retirement under the Civil Service Retirement System (CSRS) and the Federal Employees' Retirement System (FERS). The final rule informs agencies and employees about who may elect phased retirement, what benefits are provided during phased retirement, how OPM intends to compute the annuity payable during and after phased retirement, and how employees may fully retire after a period of phased retirement. The final rule does not address every administrative detail of the phased retirement process. OPM will be issuing separate guidance to assist agencies and employees..."

Resource: www.federalregister.gov

Widow gets advice on when to collect social security of her deceased spouse

Social Security Q&A: My Deceased Spouse Earned More, Should I Collect Survivor Benefits Early?

Article Excerpt: "...Question: My husband died when he was 58. Should I start collecting his death benefits at age 60 or wait until 66? He made a lot more money than I have or ever will.

Answer: Your best strategy is probably to wait until..."

Resource: www.forbes.com

Will My Federal Retirement Wipe Out My Social Security?

Article Excerpt: "...how the Windfall Elimination Provision may — or may not — affect your benefits if you receive or will receive a government pension...."

Resource: www.forbes.com