Posted on Monday, 4th June 2012 by Dennis Damp
I wrote an article titled “Is a Voluntary Early Retirement (VERA) in Your Future” last July about the impending early retirements and the VERA and VSIP programs. We continue to receive questions about these programs and we expanded our Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payment (VSIP) guidance to help you decide […]
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| Comments (0)Posted on Thursday, 12th April 2012 by Dennis Damp
The Windfall Elimination Provision primarily affects you if you earned a pension in any job where you did not pay Social Security taxes and you also worked in other jobs long enough to qualify for a Social Security retirement or disability benefit. For example, this provision affects Social Security benefits when any part of a […]
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Posted on Saturday, 17th March 2012 by Dennis Damp
Starting in 2013 newly hired FERS employee’s retirement contributions will increase from .8 percent to 3.1 percent of salary. Originally this was intended to apply to all FERS employees. There is another vote pending in the house that proposes increasing all employees’ contributions by 1.5 percent that will be phased in over a three year […]
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Posted on Wednesday, 8th February 2012 by Nancy Holston
The recent Costa Concordia cruise ship accident got me thinking about Travel Safety. I love cruising and have gone on at least 25 cruises. Most cruise lines conduct a Life Boat Drill prior to leaving the dock, but completing it within 24 hours of sailing does meet maritime recommendations. In the past the drills were […]
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| Comments (0)Posted on Friday, 20th January 2012 by Dennis Damp
We received a question from a federal employee concerning credit for temporary service. Linda was hired as a temporary employee in 1985 and two years later she was hired full time. Last April she bought back her two years of temporary service and her SCD has not changed on her Employee Express Benefits Statement. She […]
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Posted on Monday, 7th November 2011 by Dennis Damp
A site visitor has a $50,000 CD maturing and wanted to know what she could do to increase earnings with little risk of losing the money that she worked a lifetime to acquire. Her bank is offering a meager .9% CD yield. I am not a financial advisor and I can only relate what I […]
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| Comments (0)Posted on Monday, 14th March 2011 by Dennis Damp
Your last Day How can you ensure that your exit doesn’t cause you or your agency problems? There are many loose ends to sew up the last few days of employment that if not done properly can delay payment of your first check or cause other problems. I still hadn’t received my retirement Personnel Action […]
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Posted on Thursday, 10th March 2011 by Nancy Holston
While a student in college working on a liberal arts degree, I read The Iliad and The Odyssey by Homer and was fascinated by the stories of Greek Gods and the Temples of Greece. Seeing the Parthenon was a must for me but it took another 36 years before I planned the trip and another […]
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