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A sweeping proposal could extend Federal Employees Retirement System–level pensions to the private sector, reshaping how ...
Retirement preparation is hard for everyone, but navigating federal benefits can add a layer of complexity and red tape that ...
"You've got to really look it over when you get your benefit to make sure you're getting everything that you've earned," said Tammy Flanagan.
Former Postmaster General Louis DeJoy told lawmakers that USPS expected to shed 10,000 positions through the early retirement ...
Estimating your post-retirement income isn’t just math, it’s about getting the right data, understanding your service credit ...
The legislation would bring much-needed financial relief to millions of seniors across the country.
Currently, federal workers contribute to the retirement system based on their hiring date: 0.8% if hired before 2013, 3.1% if hired in 2013, and 4.4% for most hired since 2014.
If they want to retain workplace protections, however, the alternative would be to pay 5 percentage points more (for a total of 9.4%) into the Federal Employees Retirement System, even if they won ...
The most significant measure approved by the committee would raise the Federal Employees Retirement System contribution rate for many current civilian and postal employees to 4.4% of their salary.