Background: FERS Annuity Supplement Most federal employees are covered by FERS which is made up of three components: (1) Social Security benefits, (2) a Thrift Savings Plan (a retirement savings and ...

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 ...

I am 53 years old with 18 years of service. I understand that I can retire under the Federal Employees Retirement System at age 55, when I will have 20 years of service. I also understand that if I ...

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 ...

Scott Kupor, the new director of the Office of Personnel Management, publishes weekly updates on OPM and the federal workforce in his blog, Secrets of OPM. In September, Kupor reported that he went ...