Con artist accused of stealing $100M from Army to spend on luxe homes, cars is allowed to retire with full benefits: ‘I earned it’

---

'Janet Yamanaka Mello, 57, who is currently under criminal investigation, brazenly claims she “earned” her civil servant retirement package despite allegedly using the funds to purchase over 30 homes, luxury cars, and jewelry through the seven-year-long scheme. The military admitted that there is nothing that can be done ...treason, rebellion or insurrection, or other similar offenses. There is no similar statutory authority for denying retired pay based on a conviction of other offenses.'

Reference: nypost.com
Tags: Failed DOJ,Corrupt Government,criminal investigation,FERS,Federal Retirement,Crime,Destruction of America,Destruction of the Rule of Law,

---

---

White House Revives Retirement Cuts in 2020 Budget Proposal

'...do away with the FERS supplement for workers forced to retire before age 62, when Social Security kicks in. The Trump administration also proposed reducing payments to retirees by basing annuities on the average of workers’ highest five years of salary...'

Reference: www.govexec.com
Tags: Destruction of America's Working Class, The destruction of FERS benefits, FERS, TSP, G Fund, FERS supplement, Special Retirement Supplement (SRS), Employers with High Rates of Employed Military Veterans Being Attacked,

---

COLA, Largest Since 2012 Shortchanges FERS Retirees

---

COLA, Largest Since 2012 for CSRS Retirees and Social Security Recipients, Shortchanges FERS Retirees

'...Unfortunately, hundreds of thousands of FERS retirees will be wondering why they are only receiving a 2 percent COLA when the relevant measure of consumer prices increased by 2.8 percent. That's due to the bargain struck in Congress in the 1980s when FERS was created, which limits COLAs to 2 percent when consumer prices increase between 2 and 3 percent. But that was the wrong policy then, as it is now. It prevents FERS annuities from keeping up with inflation, which is the whole point of a COLA. It is past time for Congress to ensure FERS retirees receive a full COLA each year...'

Reference: insurancenewsnet.com
Tags: CSRS vs FERS, FERS,

---

---

Sick Leave and Retirement Crediting

'...When you retire, unused sick leave will be converted into retirement months. If you retire under CSRS, each month’s worth of unused sick leave will increase your annuity by 1/6 of 1 percent (.1666 percent). If you have a full year it will be increased by 2 percent. If you are a FERS retiree...'

Reference: www.fedweek.com
Tags:

---

Thrift Savings Plan I Fund

---

TSP's I Fund brings 'true diversification' to portfolio

'...there's more to the TSP than just those two funds...'

Reference: federal-retirement.blogspot.com
Tags: I Fund, TSP, FERS, CSRS

---

Is FERS too generous

---

FERS Fact Check

'...whether they are too generous -- are the subject of much discussion right now on Capitol Hill...'

Reference: federal-retirement.blogspot.com
Tags: Federal Retirement

---