Congressional members are eligible for their own unique pension plans under theFederal Employees Retirement System(FERS), though there are other retirement options available, ranging from Social Security and the Civil Service Retirement System (CSRS).3Members of Congress are eligible for a pension ...
The main difference between the two systems is that CSRS provides a larger benefit than FERS, and deducts a larger share of the employee's paycheck. CSRS employees pay 7% of their salary into the civil service retirement fund, while FERS employees pay up to 4.4%, depending on their date ...
But when you calculate your retirement nest egg, be sure to assess the Social Security benefit at its practical value. For instance, you must adjust the dollar value of the benefit to account for your receipt of a teacher's retirement benefit as well. Social Security Versus TRS Benefits If ...
If you've got a pension, count yourself as one of the lucky ones. A pension is more valuable than you realize. With a pension, you won't be forced tolower your safe withdrawal ratein retirement like those of use who don't have pensions. This post will help you calculate the value o...
23% plan to speak with a financial advisor The implication is clear: nobody wants to be caught out like this again. Recovery and preparation for another crisis are the immediate priorities, rather than retirement or estate planning. Significant percentages of respondents are interested in new ty...
2075. Civilian federal employees who were hired in 1984 or later participate in the Federal Employees Retirement System (FERS), as do employees who voluntarily switched from CSRS to FERS during “open seasons” that were held in 1987 and 1998. The FERS program began operating on January 1, ...
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How to Build an LGBTQ+ Friendly Portfolio There are a number of ways forinvestorsto build LGBTQ+ inclusive portfolios. The Human Rights Campaign's annual Corporate Equality Index, which tracks company LGBTQ+ policies, is a good place to start. Company scores are based on a scale of 100, and...