Quick Read TSP is the critical third leg for federal employees after FERS pensions (averaging 30% of pre-retirement income) ...

It takes three years for most employees covered under FERS to be “vested” in the Thrift Savings Plan. When it comes to retirement savings plans, vesting means you can keep all of the money in your ...

It’s a new year and there are new benefit amounts that take effect at the beginning of each year as well as basic pay adjustments for federal workers under the General Schedule and cost of living ...

In a 215-214 vote, the House of Representatives passed President Donald Trump's "big, beautiful" budget reconciliation bill, including major proposed cuts to federal retirement benefits within the ...

A federal employee with 28 years of service and a $92,000 salary will receive a pension closer to $28,000 a year under the FERS formula, well below the 60% to 70% of pre-retirement income many workers ...

A federal employee with 30 years of service and a $90,000 high-3 average salary receives only $27,000 annually under FERS—30% of pre-retirement income—because the formula pays just 1% per year of ...