Unlike many of those in the private workforce, employment for federal employees is governed by federal laws. As a result, any divorce orders that affect your benefits must comply with these laws. It’s important to have an understanding of the documents you’re…
The standard contribution limit for your TSP is $23,000 annually. However, if you’re 50 or older, you’re currently allowed to add up to $7,500 in catch-up contributions. This can be a valuable tool in helping those nearing retirement boost their savings.
As…
The Thrift Savings Plan (TSP) was designed to provide federal employees with a retirement savings option comparable to a private sector 401(k), featuring lower fees and a 5% matching contribution from their agency. However, many federal employees are not contributing enough each…
Government agencies looking to downsize or restructure their workforce may offer eligible employees early retirement under Voluntary Early Retirement Authority (VERA).
Effects on Your FERS Annuity
The FERS annuity begins on the first day of the month following retirement. Your FERS Basic…
