Learn exactly how the FERS annual leave lump sum payout is calculated, taxed, and timed at federal retirement to maximize your check. Quick Summary When you retire, all unused annual leave is paid out as a single lump-sum check. The payout is based on your hourly...
Updated projections suggest the Cost-of-Living Adjustment (COLA) for 2027 Social Security retirement benefits and federal pensions will likely be between 3.0% and 4 percent. Early estimates show the 2027 Social Security COLA landing somewhere between 3.1% and 3.9%....
Most federal retirees don’t receive their full pension on day one. OPM pays an interim amount while it processes your claim. Here is how that payment is calculated, when it starts, how long it lasts, and how to prepare financially. When you retire from federal...
The past year has brought major changes across the federal workforce. Learn how the recent downsizing of federal agencies has impacted the retirement process and employee morale. Many employees have faced difficult decisions about whether to stay in government...
