Nine bold House Republicans have challenged the White House plan to cut federal retirement benefits by $149 billion.
With more federal workers and retirees with million dollar-plus Thrift Savings Plan accounts, it is worth examining what qualities those individuals tend to have in common.
Threats to reform federal retirement systems are back, but in an election year, time appears to be on the side of workers and retirees with most members are anxious to be out of Washington.
John Grobe, a former fed and benefits specialist, crunch some numbers you need to know before you retire from a federal career.
Can you afford to retire? If not, what do you need to do to grow your retirement nest egg? Find out when federal benefits expert John Grobe, joins host Mike Causey on this week’s Your Turn. May 2, 2018
Federal News Radio explains each of OPM’s proposed changes to the federal retirement system and details their outlook in Congress.
The amount of money the White House is proposing to cut from federal workers’ take-home pay and the future inflation protection benefits for retirees closely mirrors the balance of the F, I and S funds in the Thrift Savings Plan as of Dec 31.
The number of federal/postal workers with Thrift Savings Plan accounts worth at least $1 million jumped nearly 600 percent between April 2016 and April 2018. The value of the biggest account grew by nearly 30 percent in that time.
Obits can help you figure out how much money you are going to need for the years, maybe decades, after your regular paycheck stops. But your urge to live, have fun, travel, etc. continues.
The upside to the Russia pension system is that it is indexed to inflation. The downside is that the average life expectancy for Russian men is reportedly 59.