Title: The FERSGUIDE 2023 Upated on Amazon
Title: New legislation would improve retiree cost-of-living adjustments
Article Snip: "...Retired federal employees under the Federal Employees Retirement System currently can end up receiving a lower cost-of-living adjustment than retirees under the older Civil Service Retirement System, due to the legislation that created the FERS in 1986. Rep. Gerry Connolly, D-Va., introduced legislation Nov. 20 that would amend Title 5 of U.S. Code to ensure that COLAs for all retirees are equal..."
Reference: www.federaltimes.comTitle: What’s the Difference in the 1% and 1.1% FERS Annuity Computations?
Article Snip: "...there are two different computation factors that are used in computing the FERS annuity; 1% and 1.1%. What’s the difference between them..."
Reference: www.fedsmith.comTitle: COLAS Now and Maybe Then
Article Snip: "...There’s one big difference between CSRS and FERS when it comes to the payment of COLAs. CSRS retirees receive COLAs regardless of the age at which they retire. With one exception, FERS retirees only begin receiving them when they reach age 62..."
Reference: www.fedweek.comTitle: Worried about possible retirement changes? 3 pieces of advice from a federal financial planner
Article Snip: "...Yet with roughly 45 percent of current TSP investments in the low-return, low-risk G fund, many federal employees are missing an opportunity to invest more heavily in higher-risk funds that may offer a higher return, Klingler said. “In most cases, investing 100 percent of your money in the G fund is not the best choice,” he said. “When you hear the word ‘risk,’ a lot of people think zero risk is the best. That’s not the case. In most cases, you want to have risk, because with risk, comes reward. You want to have the appropriate level of risk that matches your risk tolerance and your investment time horizon..."
Reference: federalnewsradio.com