New law limits reductions to overseas COLA to no more than once every six months.
Each General Schedule grade has 10 steps. Within-grade increases (WGIs) or step increases are periodic increases in a GS employee's rate of basic pay.
n some cases, you must have reached the Minimum Retirement Age (MRA) to receive retirement benefits.
A discontinued service or involuntary retirement provides an immediate annuity for employees who are separated involuntarily.
Most people retire at a particular time for reasons other than maximizing their annuity and avoiding losing excess annual leave.
FERS disability benefits usually begin before the claim for social security benefits is fully processed.
The 2023 federal retiree cost-of-living adjustment is 8.7 percent for those under the Civil Service Retirement System (CSRS) and 7.7 percent for FERS.
“Special category” employees include law enforcement officers, firefighters, and air traffic controllers.
Reg Jones is the resident expert on retirement and the federal government at Federal Times.
Reg Jones is the resident expert on retirement and the federal government at Federal Times.
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