A news and educational resource pooling excerpts from various news and information sources from the web for the Federal Retiree.
Article Excerpt: "...Generally, Social Security retirement benefits, as well as disability and survivor benefits, are paid in the month after the month they are due. So, if you want to start receiving your Social Security benefits in July, your July benefits will be distributed in August. ..."
Article Excerpt: "...Age 62 is the most popular age to file, according to a 2020 survey from the Bipartisan Policy Center, with roughly 35% of men and nearly 40% of women claiming at this age. ..."
Article Excerpt: "Get the basics on retirement planning and pension benefits, such as how Social Security works, retiring from the civil service, and managing a private pension. "
Article Excerpt: "The transition could affect participants who planned to request a transaction soon, because periodic downtime will be required to accommodate the transition process. During the transition period, participants’ savings will ..."
Article Excerpt: "...The Postal Service reform legislation that President Biden signed into law on April 6 will involve changes to employees’ health and retirement benefits. USPS understands that employees have many questions, so here are a few things to know: • The law establishes the Postal Service Health Benefits (PSHB) Program, which will..."
Article Excerpt: "...Washington, D.C. — U.S. Senators Marco Rubio (R-FL), Tommy Tuberville (R-AL), and Tom Cotton (R-AR) sent a letter to four of President Joe Biden’s nominees to serve on the Federal Thrift Retirement Investment Board (FTRIB) requesting that they commit to withholding the retirement savings of U.S. service members and other federal employees from Chinese firms that undermine U.S. national security. Rubio placed a hold on all four nominations pending confirmation of that commitment. ..."
Article Excerpt: "...Congress created the Federal Employees Retirement System (FERS) in 1986, and it became effective on January 1, 1987. Since that time, new Federal civilian employees who have retirement coverage are covered by FERS. FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement. The Basic Benefit and Social Security parts of FERS require you to pay your share each pay period. Your agency withholds the cost of the Basic Benefit and Social Security from your pay as payroll deductions. Your agency pays its part too. Then, after you retire, you receive annuity payments each month for the rest of your life..."
Article Excerpt: "...it provides Medicare integration for future postal retirees and their annuitants. Most postal retirees already..."
Article Excerpt: "...For starters, not everybody can sign up for the Federal Employees Retirement System. It – as the name implies – is for federal employees. More specifically, it’s for civil servants. They are the non-military civilian workforce that forms government departments and agencies..."