We are now in week 3 of the partial government shutdown. We are also in a new year, which means this time is a popular one for federal employee retirements. More than 300,000 federal employees are on furlough without the guarantee of back pay, and an additional...
The Office of Personnel Management’s Inspector General released a report saying that even though the overall portion is small, Civil Service Retirement System improper payments are still considered to be “high-risk”. OPM overpaid $82.9 billion to 2.6 million federal...
The Office of Personnel Management Inspector General released a report that shows OPM has work to do in meeting its goals for keeping down its backlog of retirement applications. The agency has said it has a goal of improving “retirement services by reducing the...
As part 1 of this post showed us, it’s important to strategically pick your retirement date to maximize your annuity, especially if you’re a CSRS employee. Once you’ve done that, the real work begins, as they say. The following are steps you should take when you're...
Do you know which days are considered “the best days to retire”? Do you know what steps you need to take to begin the retirement process? This 2-part post will first look at which days are considered to be the “best days to retire” and why and then what you need to do...
Retirement is often a confusing time, especially in the federal government. Do you retire on a regular retirement, early retirement, phased retirement, or deferred retirement? Then, what happens if you are hurt or become ill and can no longer perform your job duties?...
The Office of Personnel Management released data showing that the number of federal employees who filed for retirement in FY2018 increased 24% over the previous year. OPM published its retirement processing statistics and it showed that 7,142 employees filed for...
It’s no surprise that the Office of Personnel Management has a large backlog of retirement claims, including both regular retirement and disability retirement applications. When you submit your retirement application, you want to be 100% sure it’s complete and timely;...
Among the other requirements for Federal Disability Retirement eligibility, one is your agency must certify it is unable to accommodate your disabling condition in your present position and it has considered you for any vacant position in the same agency, at the same...
While both costs of living adjustments and pay raises provide an increase in pay, they aren’t that similar. COLA’s These pay adjustments are available to retirees. They are a measure of inflation and paid automatically (they don’t need Congressional approval). COLA’s...
When you file an application for federal disability retirement with the Office of Personnel Management, you must submit a very thorough and complete application. There is a lot of things about your condition that you must document for the OPM. If you don’t, your...
The computation of basic annuity will vary depending on your length of service, High-3 salary, and in some cases, your position in the federal government. Your High-3 average pay is the highest average basic pay you earned during any 3 consecutive years of service....
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