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Severance pay can provide a critical financial cushion for qualified federal employees facing involuntary separation from their jobs. How Severance Pay is Calculated Severance pay consists...
With the continued downsizing of the federal workforce, here’s a rundown of how VSIP, VERA, and RIFs function within federal agencies. Voluntary Separation Incentive Payment (VSIP)...
Federal Employees Retirement System (FERS) employees may be eligible for Discontinued Service Retirement (DSR) under certain circumstances, primarily when they experience an involuntary separation from federal...
If you leave your government job before reaching retirement eligibility, you have two main options regarding your FERS contributions: Refund of Contributions: You can request a...
Saving more money consistently ranks as one of the top New Year’s resolutions, according to various surveys. Achieving this goal often starts with creating a solid...
While around 80% of private-sector employers provide Short-Term Disability Insurance for non-work-related illnesses or injuries, federal employees don’t have the same benefit through their government-provided coverage....
With the looming possibility of Congress not extending the Trump Tax Cuts (TCJA) for individual taxpayers, those nearing retirement or already retired might find themselves facing...
Seniors should be aware of these top strategies to potentially reduce their tax obligations. Elevated Filing Thresholds for Individuals Aged 65 & Over Individuals aged 65...
From market fluctuations to unexpected spikes in inflation rates and uncovered healthcare costs, the road to retirement can be fraught with financial uncertainties. Facing a trifecta...
Concerned about heading into retirement without adequate coverage? If your life insurance plan consists solely of FEGLI term life, the answer might be a definite yes!...
In May, the Thrift Savings Plan (TSP) experienced a significant upswing, particularly in its C Fund, which mirrors the S&P...
Deciding how to withdraw funds from your Thrift Savings Plan (TSP) is a critical step in retirement planning that can...
The federal workforce continues to experience mass upheaval as the current administration carries out its plan to reduce costs and...
President Trump’s “One Big Beautiful Bill Act” has progressed to the House floor for a vote following a narrow approval...
Proposed federal benefit reforms, including the removal of the retiree annuity supplement and a shift to a “high-5” annuity formula,...
A budget resolution approved by the House and Senate will allow for a reconciliation bill that many believe will reduce...
Federal employees enjoy access to a range of insurance benefits. Many of these benefits can continue into retirement if specific...
Managing your Thrift Savings Plan (TSP) allocations during a volatile market requires balancing opportunity and risk. Two primary strategies emerge:...
Severance pay can provide a critical financial cushion for qualified federal employees facing involuntary separation from their jobs. How Severance...
With the continued downsizing of the federal workforce, here’s a rundown of how VSIP, VERA, and RIFs function within federal...