The federal government's Thrift Savings Plan is sometimes offered as a model retirement savings vehicle that could be adopted for private sector workers, for state and local government employees ...

For private-sector employees, 401(k) plans have been a mixed bag, with some plans offering lucrative matching contributions and solid investment options while others fall short on both fronts ...

House committee proposes plan to cut back on federal employee pensions. The biggest change would be for employees to pay a higher retirement contribution rate of 4.4% of their salary, according to ...

Take this example of an employee working at a GS-9, Step 5 salary rate in the “rest of the U.S.” locality pay area: 2022 pay rate: $62,024 2023 pay rate: $64,732 ...

FERS (Federal Employees Retirement System) Pension: Working Until Age 62 I once had a client who was a federal employee and was looking to retire at age 61. She said, “Joe, I am retiring this ...

The bill advanced by the Oversight Committee includes raising all federal and postal employees’ retirement contribution rates to 4.4%. The current rates range depending on the employee’s date of hire ...

The Retirement Savings for Americans Act (RSAA), a bipartisan bill to create a federally managed retirement plan for private-sector employees who don’t have access to an employer-sponsored plan ...

The abrupt edicts to shrink the federal ranks, executed with scant regard for the human impact, has left dedicated employees facing a stark choice: stay and possibly be fired vs. resign or accept ...

The Thrift Savings Plan, a 401 (k) for federal workers, is well known among government employees but gained even more notoriety this month after President Trump told the fund's top brass he doesn ...

The Federal Employees Retirement System, or FERS, is the retirement plan for all civilian employees in the U.S. federal government. With FERS, employees receive retirement benefits from three ...

The Federal Employees Retirement System (FERS) is one of many different retirement plans out there. But this one is decidedly different from the rest of the pack. And there are two major reasons… For ...

He proposed increasing individual out-of-pocket payments toward retirement by 1 percentage point each year until they equal the government’s contribution for those in the Federal Employees ...