FERS Special Supplement

When it comes to your FERS Retirement you must consider the three major aspects of your income including your: FERS Annuity Pension; Thrift Savings Plan, Social Security Benefits; FERS Special Supplement.

Thrift Savings Plan investment limit to increase to $19,000 in 2019

The Internal Revenue Service announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2019. The highlights include: The contribution limit for employees who participate in the federal government’s Thrift Savings Plan, 401(k), 403(b), and most 457 plans increased from $18,500 to $19,000. If you are 50 […]

3 Tips to Keep Your Retirement Safe

In today’s volatile market, if you are planning to retire or already retired, you want to make sure your retirement is safe.  There are a variety of things you should do to keep your retirement safe, but these 3 are key: Know Your Risk Level As a general rule of thumb, the younger you are, […]

Federal Benefits Open Season Begins November 12

The Federal Benefits Open Season begins November 12 and ends December 10, 2018. Open Season gives Federal employees and retirees the opportunity to review their plan choices and make changes to their FEHB and FEDVIP coverage for the upcoming benefit year that begins January 1, 2019. Federal employees may also use Open Season to elect […]

Don’t Forget to Schedule Your “Use or Lose” Annual Leave by November 24

This year federal employees need to schedule their “use or lose” annual leave by November 24, 2018.   Most employees can carry over a maximum of 240 hours of accrued annual leave.  “Use or Lose” annual leave are your excess annual leave hours.  This year all excess annual leave must be “used” by January 5, 2019 […]

Social Security Announces 2.8% Benefit Increase for 2019

The Social Security Administration just announced a 2.8% increase in 2019 benefits for more than 67 million Americans.  The 2.8% cost-of-living adjustment (COLA) is the largest in 7 years and will begin with benefits payable to more than 62 million Social Security beneficiaries in January 2019.  Increased payments to more than 8 million Supplemental Security […]

Thinking about a Part-Time Job? Social Security and Medicare Implications

If you are like many federal government or USPS retirees, you are contemplating a part-time job to help supplement your retirement benefits and savings.   Many don’t realize that a part-time job can have Social Security and Medicare implications.  Here are some things to keep in mind: If you start taking Social Security before your full […]

How Does My Health Insurance Work When I Retire?

At GPIS we help hundreds of federal employees retire every week and one of the biggest questions we get is: How does my health insurance work when I retire?  When we visit with federal employees, we share the following tips: You must have at least 5 consecutive years going into retirement to carry your Federal Health Plan. […]

Federal Retirement Claims Up in 2018

The Office of Personnel Management released earlier this month the number of federal employees filing retirement claims is on the increase. The Numbers Between January and July 2017, 59,987 federal employees had filed retirement paperwork with OPM. But over the same period this year, that number increased to 69,340. One in seven federal workers is […]

Retirement Road Map: Tools To Reach Your Retirement Goals

When it comes to retirement you must have a plan and a goal. Knowing where you are and having a goal is the first step. Having a road map can make it much easier to reach your goal and retire on time. Explore All Options If you’re unsure about which type of retirement account to […]