Do your plans include retirement this year? If so – good for you! Many people choose to retire at the end of the year. December 31, 2023 will be a popular day for FERS employees to retire. Of course, once you are eligible to retire, you can pick any day you choose. I retired on […]
The law creating FERS also included a provision allowing employees under CSRS to switch to it voluntarily. Image: Orhan Cam/Shutterstock.com It’s May 1986. The Cosby Show and Family Ties are the top-rated TV shows. Top Gun starring Tom Cruise and Cobra starring Sylvester Stallone are boffo box office. Addicted to Love by Robert Palmer and […]
If you move in retirement, as many retirees do, you’ll want to make sure your federal employment-based benefits move with you. To report a change in address after retirement, write to Office of Personnel Management, Retirement Operations Center, P.O. Box 45, Boyers, PA 16017-0045, call (888) 767-6738, online www.servicesonline.opm.gov. Use the same points of contact to […]
Over the last five years, there have been numerous changes to the Thrift Savings Plan (TSP) including TSP participant withdrawal options. This is the first of four columns discussing the various withdrawal options for separated TSP participants. Separated TSP participants include a civilian federal employee or a member of the uniformed services who has retired […]
OPM has said that the “maximum telework” government-wide operating status designation, put in place more than three years ago in response to the Coronavirus pandemic, will end May 15 since “COVID-19 is not driving decisions regarding how federal agencies work and serve the public as it was at the outset of the pandemic.” That follows […]