November 5, 2015 by Doug Walker, Deputy Commissioner, Communications The U.S. Treasury Department has introduced myRA, a retirement savings account for individuals looking for a simple, safe, and affordable way to save for their retirement. Over thirty percent of all American households have no retirement savings. myRA provides a way to start saving for retirement….
October 26, 2015 U.S. Postal Service employees waiting for incentives to retire early shouldnât get their hopes up. âIt is unclear if USPS will continue to use separation incentives to reduce the size of its career workforce,â says a new Congressional Research Service report, âU.S. Postal Service Workforce Size and Employment Categories, FY 1995-FY2014.â The…
I am to become divorced soon. How much of my TSP can my wife get if we have been married less than 10 years? How much of a percentage? I have looked everywhere and cannot find anything that pertains to this online from a reliable source. Where do I find out for sure? on the…
In this issue: Senate Finance Committee Approves âFast Trackâ Trade Promotion Authority Bill Senator Nelson and Rep. Castor Introduce Medicare Drug Rebate Legislation Republicans Split on Changes to Medicare SGR Bill Includes Provisions to Remove Social Security Numbers from Medicare Cards Connecticut Alliance Hosts Awards Luncheon Medicare Turns 50: Never a Voucher
Whether you are new to the Postal Service or a longtime employee, itâs never too early â or too late â to begin planning for your retirement. These tools can help: Federal ball park estimator: Includes projected federal annuity and Thrift Savings Plan (TSP) benefits to help you quickly approximate how much you need to…
(3/13/15) If youâre planning your retirement, the Postal Service encourages you to remember the 3 Rs â review, rethink and remain. Review. If you havenât taken a good look at your Thrift Savings Plan (TSP) retirement account recently, now is a good time to review it. You should also review your TSP account throughout the…
Because of a âRetirement Advice Loopholeâ dating back to the 1970s, Wall Street banks, brokers, mutual funds, and insurance agents with major conflicts of interest are allowed to provide investment advice that puts their own interests ahead of whatâs best for their clients. Millions of Americans are affected by this loophole every year without even…
By Tammy Flanagan – January 22, 2015 As you probably know, federal employees are generally covered by one of two retirement systems: the âoldâ Civil Service Retirement System or the ânewâ Federal Employees Retirement System. But FERS isnât that new any more. It includes many employees who have accumulated 30 or more years of federal…
