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Federal Employee Articles

Your Buyout Can Be Less Than $25,000
January 23, 2013

By Robert F. Benson for FedSmith The buyout (VSIP, or Voluntary Separation Incentive Pay) is payable for resignation/retirement from specified jobs within certain agencies only with approval from the Office of Personnel Management (OPM). It is calculated the same way severance pay is calculated, with an important difference: severance pay…

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What Happens to Your Federal Employee Benefits if You Die While Still Working?
January 23, 2013

By John Grobe for FedSmith What Happens to Your Benefits if You Die While Still Working? This is a question we do not want to ponder, as we all plan on living long after we retire. When it comes to Ben Franklin’s quote, “Plan like you’ll live forever; pray like…

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USPS offers early outs, buyouts
January 23, 2013

The U.S. Postal Service said it would offer buyouts and early outs to the nation’s 21,000 postmasters.  USPS announced the voluntary early retirement authority and special incentive offer on May 9, the same day the Postal Service rolled out its plan to cut window hours at rural post offices as…

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Two Significant Changes to FERS
January 23, 2013

by John Grobe for FedSmith Co-authored by Ehren Clovis and John Grobe 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, it makes two significant changes to the Federal Employees’ Retirement System (FERS)….

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The ‘Fiscal Cliff’ and Your Paycheck
January 23, 2013

by John Grobe for FedSmith What impact will the recent “fiscal cliff” legislation have on you as a federal employee?  Will you be better off hanging around or retiring?  Should you dust off your résumé and look for work elsewhere or should you just hunker down and ride it out? …

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The Earnings Test for Your FERS Annuity Supplement
January 23, 2013

By Robert F. Benson for FedSmith The only thing 100% clear about the FERS annuity supplement is that it ends at age 62, which is when the retiree first becomes eligible for Social Security. For retirees under age 62, some get the supplement and others do not.  Some are subject…

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Roth TSP debuts: Information and tips for federal employees
January 23, 2013

Most all TSP forms have been update atwww.tsp.gov with April 2012 dates.  It would be best to go down load the new forms. Roth TSP debuts: Information and tips for federal employees The Thrift Savings Plan Roth option launched May 7.* Certified Financial Planner Edward A. Zurndorfer offers some information…

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Roth TSP implementation date is May 7, 2012
January 23, 2013

Roth TSP implementation date is May 7, 2012 — Agencies and services can begin accepting elections for Roth (after-tax) contributions at that time. The Roth TSP feature will give participants greater flexibility in the tax treatment of their accounts. Roth contributions are tax-free when withdrawn; their earnings are also tax-free when…

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Retirement Planning for Federal Employees
January 23, 2013

By Jason Kay for FedSmith Federal employees are entitled to some of the very best in retirement options, but that also means that they are faced with many challenges when it comes to their retirement planning.     Retirement planning for Federal employees can be a lot more challenging versus retirement  planning…

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RETIREMENT AND THE ISSUES SURROUNDING A DIVORCED FEDERAL EMPLOYEE
January 23, 2013

By:  Richard S. Wetzler, J.D. Understanding the effects a divorce has on a federal employee’s retirement is important.  Three types of retirement plans that will be addressed are the Federal Employee Retirement System (FERS), the Civil Service Retirement System (CSRS), and the Thrift Savings Plan (TSP).  Federal Employee Retirement System…

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