At ProFeds, we know you want to retire from your government career feeling confident about your financial future. You simply need a sound retirement plan to get there. The problem is that federal benefits can be confusing. It can be downright frustrating trying to understand your benefits and ...
While the majority of those who retire from the government do so voluntarily and with […] Federal Retirement Has No ‘Terminal Leave’ Provision Some federal employees would like to put in retirement papers and then go on annual […] More in Retirement Policy Taxes & Insurance FEGLI Can Chan...
The Federal Employees Retirement System (FERS) is a defined-benefit retirement plan for civilian employees of the federal government. The program went into effect in 1987 and replaced the Civil Service Retirement System (CSRS). The plan provides benefits from three different sources, including a ba...
It’s no secret that the new administration is on a mission to downsize the federal government. From return-to-office mandates to the reappearance of Schedule F, many feds may be finding themselves on a fast track to retirement whether they wanted it or not. Depending ...
Planning for your retirement in advance is critical for everyone out there, but perhaps, it is even more important for those working as federal employees. Thankfully, as a government employee, you are entitled to an exemplary retirement benefits package. However, decoding the multitude of federal...
The Fidelity Retiree Health Care Cost Estimate assumes individuals do not have employer-provided retiree health care coverage, but do qualify for the federal government’s insurance program, Original Medicare. The calculation takes into account cost-sharing provisions (such as deductibles and coinsurance...
This too suggests that thegovernment would do well to focus on securing learning agile federalemployees, who exhibit the long-term potential to learn, grow, and evolve with the organization.By Kenneth P. De MeuseBernadine KarunaratneAileen Alexander...
The Fidelity Retiree Health Care Cost Estimate assumes individuals do not have employer-provided retiree health care coverage, but do qualify for the federal government’s insurance program, original Medicare. This calculation takes into account Medicare Part B base premiums and cost-sharing provisions...
The federal government uses inflation as a benchmark when deciding whether to raise Social Security benefits or whether to increase contribution limits to tax-advantaged retirement plans.925 How Much Can I Contribute to My 401(k)? The annual contribution limit to a 401(k) in 2024 is $23,000...
The amount you’ll receive when you retire will depend on your final pay and years in the military. A Thrift Savings Plan: This is a defined contribution plan that allows military members to set aside funds for investing with contributions from the government. The funds can then be ...