While the majority of those who retire from the government do so voluntarily and with eligibility for an immediate annuity at the standard combinations of age and years of service, several special types of retirement are available to those who don’t meet one of those two conditions.
The Social Security withholding “FICA” tax of 6.2 percent will to apply to salary up to $127,200, up from the 2016 maximum of $118,500.
OPM has released a fact sheet with information for federal employees on Internal Revenue Service (IRS) Form 1095-C that federal workers receive from their agencies and Shared Service Centers (SSCs) concerning their Federal Employees Health Benefits (FEHB) coverage.
Whether an event is a good thing depends on the self-interest of those who are impacted. Here is an example. President-elect Trump has indicated there will be a hiring freeze early in his administration. For those who were hoping to be hired by the federal government, that is bad news.
Just in time for the holidays comes the “Best Places to Work in the Federal Government” report, filled with good tidings and bad news for federal agencies. The annual report is awaited each year by top officials who want to look good and avoid embarrassment. That makes sense, because the ratings are a reflection on […]