FEDLIFE Podcast Your Guide to The FERS Annuity Supplement with Ed Zurndorfer
In this episode, Dan Sipe and Ed Zurndorfer unpack each benefit while detailing everything you need to know about how the OPM calculates your annuity supplement.
FERS – Federal Employee Retirement System – Federal Benefits
In this episode, Dan Sipe and Ed Zurndorfer unpack each benefit while detailing everything you need to know about how the OPM calculates your annuity supplement.
Federal employees who are covered by the Federal Employees Retirement System (FERS) have several retirement options available to them.
Updated inflation numbers suggest largest COLA since 1981 saw 11.2% – and 2023’s Cost-of-Living Adjustment (COLA) could get even higher.
The hefty backlog of retirement claims to be processed by OPM reached its lowest point of 2022 at the end of June, but remains above last year’s levels.
White House’s recommendation of 4.6% federal pay raise for 2023 gets past House committee.
Current estimates have the 2023 COLA between 7.3% and 10.8% - indicating it could be the largest COLA for Social Security, FERS, and CSRS since the early 1980s.
Spouse was a federal employee and recently passed – what to know about FERS, FEHB, and more.
How well do you know the differences between the various types of FERS Retirements?
Proposed legislation in Senate would give the same COLA to both FERS and CSRS pension recipients – similar to another bill introduced in the House last year.
What feds in the middle of their career, having between 5 and 15 years of service, should be thinking about regarding retirement planning.