Since the late 1980s, federal retirement has consisted of three basic components. Feds who qualify for full retirement can expect their pension, known as their annuity or Basic Benefit, calculated by ...
Starting at age 50, federal employees can enhance their Thrift Savings Plan (TSP) through 'catch-up contributions.' By 2025, the additional limit for these contributions is $7,500, allowing workers to ...
From 2000 through 2013, at least 40,000 federal employees retired each year, with nearly 62,000 retiring in 2013. As of July last year, 14% of federal employees were eligible to retire, with that ...
The board that oversees the Thrift Savings Plan issued a final rule Wednesday in the Federal Register amending a reamortization rule for loans made from the 401(k)-style retirement plan. The Federal ...
For government employees who are at or near retirement, the decision to keep assets in the Thrift Savings Plan versus rolling them into an IRA is not necessarily an easy one to make. The most common ...
The federal government’s Thrift Savings Plan for service members and civilian employees will allow participants to transfer money from their traditional accounts into the plan’s Roth accounts starting ...