Employment after federal retirement: Contractors want you

Title: Contracting world offers plenty of job opportunities

Article Snip: "...Do you have an itch to switch to the private sector — either because government does not suit you or because you want to keep working during your federal retirement? If so, check out the federal contracting world...."

Reference: federaltimes.com
Employment

2013 Federal Retiree COLA Projection

Title: Budget office makes 2013 COLA prediction

Article Snip: "...civilian retired pay and Social Security. There had been discussion earlier this year that the annual COLA could be as high as 1.9 percent. However, a Sept. 12 statement from the nonpartisan budget office “assumes that the COLA effective on Dec., 1, 2012 would be..."

Reference: www.marinecorpstimes.com

FEHBP up 7.2% in two years, did your pay go up that much?

Title: Federal workers' healthcare premiums to rise 3.4 percent

Article Snip: "...The average premium for federal employees will rise 3.4 percent next year, the Office of Personnel Management (OPM) announced Thursday. The increase translates to an extra $2.75 per paycheck for individuals, or $6.39 for families. Federal workers' premiums went up 3.8 percent this year..."

Reference: thehill.com

Best Postal Retirement Date

Title: Best time to retire from USPS

Article Snip: "...Do the same dates hold true for postal workers as federal employees? To maximize my benefits, I believe ..."

Reference: federaltimes.com

Federal employee pre-retirement information

Title: Federal employee pre-retirement information

Article Snip: "...Retirement benefits are among the important benefits of Federal employment. It’s never too early to start planning for your retirement. In this section of the OPM website, prospective Federal employees, current Federal employees, and HR specialists can find information about Federal retirement benefits. ..."

Reference: OPM
pre-retirement planning,

Retirees to take hit

Title: The 0% Solution: Fed Strands Bank Savers, Retirees

Article Snip: "...Left out of the party once again are bank savers and U.S. retirees who live on fixed incomes, who once again lose out in the game of monetary musical chairs as low rates eat into their income -- just as they're paying more for critical commodities such as oil, gas, and groceries...."

Reference: www.thestreet.com

Federal retirement benefits and taxes

Title: Tax Issues You Could Face in Retirement

Article Snip: "...If you owe taxes on your federal retirement benefits, you can either make estimated tax payments or have the tax withheld from your regular benefit checks. You can choose to have 7%, 10%, 15% or 25% withheld. To authorize the withholding, file Form W-4V, Voluntary Withholding Request, with the Social Security Administration...."

Reference: www.foxbusiness.com
Federal retirement benefits and taxes

Windfall Elimination Provision

Title: Windfall Elimination Provision

Article Snip: "...The Windfall Elimination Provision affects how the amount of your retirement or disability benefit is calculated if you receive a pension from work where Social Security taxes were not taken out of your pay. A modified formula is used to calculate your benefit amount, resulting in a lower Social Security ­benefit than you otherwise would receive. ..."

Reference: www.ssa.gov