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2026 COLA Estimates & Retirement Processing Update

Posted on Thursday, 12th June 2025 by Dennis Damp

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This year’s 2.5% COLA for Social Security and the Civil Service Retirement System (CSRS) and 2.0% for Federal Employees Retirement System (FERS) decreased from the 2024 COLA of 3.2% % CSRS and 3% FERS. The 2023 COLA was the highest in over 40 years at 8.8% for CSRS and 7.7% for FERS employees. Even though […]

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Projected Annuity Calculator Updates for FERS and CSRS

Posted on Friday, 9th May 2025 by Dennis Damp

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Our updated Excel annuity calculator spreadsheet projects your annuity and maximum survivor benefit growth through 2065 using an estimated average annual Cost of Living Adjustment (COLA). Frank Cullen, an old friend who retired from federal service many years ago, developed this calculator. In the following sample chart, the retiree’s annuity increased 75% over the next […]

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Potential Benefit Cuts – It’s Not Time to Panic

Posted on Thursday, 17th April 2025 by Dennis Damp

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Federal employees and annuitants wait in the wings with each new Congress for the next shoe to drop. Federal employees fear their benefits are going to be cut! Most of the time, these rumors are unfounded and go by the wayside. It may be different this time around. With the House and Senate passing the […]

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A Potential Federal Retirement Tsunami – The DOGE Impact

Posted on Friday, 3rd January 2025 by Dennis Damp

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Elon Musk and Vivek Ramaswamy met with the House of Representatives in Washington, D.C., to discuss their plan to slash government regulations and streamline the Federal executive branch. They will lead Donald Trump’s administration’s Department of Government Efficiency (DOGE). They won’t hold cabinet positions and will function outside government to advise the new administration on […]

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Christmas Comes Early This Year – WEP & GPO Repealed

Posted on Saturday, 21st December 2024 by Dennis Damp

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The U.S. Senate passed H.R. 82, the Social Security Fairness Act, repealing the windfall elimination provision (WEP) and the government pension offset (GPO), voting 76-20 on the final passage. The House passed the bill by 327-75 on November 12. The bill is now on the President’s desk, awaiting his signature. _________________________________________ _______________________________________ Major Initiative by […]

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A 2024 Retiree’s Reflections, Thoughts, and Comments

Posted on Friday, 13th December 2024 by Dennis Damp

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I close out each year with a few last-minute updates and observations. My next article won’t be published until early January. It’s time to celebrate the holidays and just sit back and relax. At the age of 75, soon to be 76, I realize just how fortunate we are, and much of that is thanks […]

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Retirement Progression – One Day at a Time to Infinity

Posted on Friday, 15th March 2024 by Dennis Damp

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I felt liberated from the day-to-day work schedule of the past 40 plus years when I first retired, and I see this excitement in new retirees that I encounter.  Most, with some reservations, feel such a sense of elation when they walk out the door for the last time and realize their new life begins […]

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Finding the Help You Deserve – OPM’s Retirement Center

Posted on Friday, 22nd September 2023 by Dennis Damp

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Good news for those planning their retirement and annuitants. OPM’s retirement center has improved considerably over the past few years. When I retired 18 years ago, their online support was a shadow of what it is today, this is why I developed and published the Federal Employee’s Retirement Planning website in 2004. When I was […]

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