2019 Federal Employee Pay raise: What are the odds?

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Pay raise: What are the odds?

'...There is also the question, which is soon to be answered, of what happens to federal workers and retirees if the House, Senate or both change hands? Would they get a better deal if Democrats controlled Congress, as most unions say? Or, as some critics say, would Democrats take feds for granted? The three-year pay freeze from 2011-2013 came during the Obama administration, which also introduced “sequestration” and triggered furloughs. That sparked 20 percent pay losses for tens of thousands of workers...'

Reference: federalnewsradio.com
Tags:SRS, FERS annuity supplement, 2019 Federal Pay Raise,

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What’s the Impact of the [PROPOSED] FERS Benefit Cuts?

'...The elimination of the FERS Supplement would have a severe impact on an early FERS retiree. The loss of the Supplement may cause the retiree to withdraw substantially more from TSP during the years before Social Security eligibility. Without proper savings and planning, this may place a retiree at risk of running out of savings during their lifetime...'

Reference: www.fedsmith.com
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FERS Annuity Supplement EarningsTest

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The Earnings Test for Your FERS Annuity Supplement

'...The only thing 100% clear about the FERS annuity supplement is that it ends at age 62, which is when the retiree first becomes eligible for Social Security....'

Reference: www.fedsmith.com
Tags: FERS annuity supplement

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