A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...FERS defined benefits are smaller—an average of about $1,600 monthly and a median of about $1,300, for annual figures of $19,200 and $15,600—because that program also includes Social Security as a basic element. The average Social Security benefit is about $1,500 a month..."
Article Excerpt: "...In case you hadn’t noticed, inflation is at a 20 year high. Gasoline prices have jumped 40%. Houses are up 30% in many spots. A new car costs an average of $40,000-plus. And this may be the new normal, according to some experts. That’s the not-so-good news. ..."
Article Excerpt: "...What would he do? How would he spend the long days that were once filled with meaningful, important work? If you like your endings at the beginning, I can tell you that this one is a modified happily-ever-after. We have finally almost figured it out. We’ve adjusted, as we knew we must, to a whole new chapter in our lives and our marriage. It hasn’t been easy. But like most challenges, it’s been worth the effort. ..."
Article Excerpt: "...Social Security promises a lifelong payout of retirement benefits based on your earnings record. Yet, Social Security checks don’t magically start to appear at your doorstep as soon as you retire. In fact, it can take some work to figure out exactly how Social Security works and what you have to do to get your first check. Here’s a quick step-by-step guide so you’ll have the tools you need to initiate your Social Security retirement payments. ..."
Article Excerpt: "...As America’s economy reopens, we’re seeing higher inflation rates, and this unwelcome surge should prompt retirees to consider the threat it could pose to their financial security...."
Article Excerpt: "...Key differences for federal employees retiring before immediate eligibility FERS (Federal Employee Retirement System) federal employees who do not reach their magical MRA (Minimum Retirement Age) with at least 30 years of service (age 60 with 20 years or 62 with at least 5 years) and who are considering an early retirement..."
Article Excerpt: "...The federal government has taken control of the Tampa Bay Times’ pension plan after finding its parent, Times Publishing Company, was unable to pay benefits. The Pension Benefit Guaranty Corporation announced in a letter to beneficiaries it began taking over the plan Nov. 30. ..."
Article Excerpt: "...A survey signals that younger employees may also need more realistic expectations about how much money they’ll need in later life. ..."