Quick ReadWorking to 62 flips the FERS pension multiplier from 1.0% to 1.1%, raising annual pension income by $16,000 for ...

A federal employee with 28 years of service and a $92,000 salary will receive a pension closer to $28,000 a year under the FERS formula, well below the 60% to 70% of pre-retirement income many workers ...

A 64-year-old federal employee preparing to retire under FERS faces one of the most important decisions in the retirement ...

There used to be a time in the federal government when employees were covered under the Civil Service Retirement System. Show up to work for several decades and be rewarded with a pension of up to 80% ...

Many federal employees trust their official pension projections when planning retirement, but experts warn those estimates ...

A few weeks ago, I wrote about the potential changes to federal retirement benefits that are included in proposed legislation that is moving through Congress. The key word is “proposed” because since ...

FERS provides a three-part retirement plan for U.S. civilian federal employees. Retirees receive Social Security, Basic Benefit Plan pensions, and Thrift Savings like a 401(k). Full retirement is age ...

Most feds are pleasantly surprised when they calculate their (gross) FERS pension for the first time. But most are then shocked at all the things that will need to come out of their pension before ...

A federal employee with 30 years of service and a $90,000 high-3 average salary receives only $27,000 annually under FERS—just 30% of pre-retirement income. To bridge this gap, employees must navigate ...