The tax cut President Obama was expected to sign Friday will not include a payroll tax deduction for all federal employees. Employees under the Federal Employees Retirement System will see their contributions into Social Security drop from 6.2 percent to 4.2 percent in 2011 as part of a payroll tax holiday. But Civil Service Retirement […]
My name is Lennis B. Reynolds I am a retired Postal employee who took a VER/Incentive offer in August 2009. I am taking OPM to MSPB about the FERS Annuity Supplement. The difference without the Supplement is $1000.00 per month in retirement income. To : Honorable Howard J. Ansorge Administrative Judge Central Regional Office 230 […]
A new audit report from the Office Of Inspector General says that the USPS over-funded its FERS retirement obligations by $6.8 billion. The OIG reported several months ago that USPS overfunded its CSRS retirement obligations by $75 billion. Excerpts: Consistent with other retiree benefit obligations, the Postal Service is being unfairly burdened for its share […]
In recent VERAs the Postal Service issued FERS annuity estimates that omitted the employee’s FERS annuity supplement. The FERS annuity supplement is often nearly equal the basic annuity amount. Was that to discourage early retirements so they can justify weakening the no-layoff clause in upcoming contract negotiations? The method of calculating the FERS annuity supplement […]
Former Alaska Senator Ted Stevens was a longtime advocate for federal employees. Stevens played a key role in the creation of the Thrift Savings Plan, a 401(k)-type retirement savings program. He also was one of the original sponsors of the 1993 Family Medical Leave Act, which provides 12 weeks of unpaid leave. A moderate Republican, […]
by Attorney Robert R. McGill As with most things in life, attempting to secure a Federal Disability Retirement annuity under FERS or CSRS requires an extraordinary amount of time, effort, planning, and the collection, formulation and coordination of a compendium of information. Multiple questions arise at the early stages of planning: Can I live on […]