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Federal Retirees


For those approaching retirement as well as the currently already retired, here is a forum to share ideas and thoughts and exchange questions and answers.


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EagleDog  
#21 Posted : Wednesday, July 22, 2020 10:53:15 AM(UTC)

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Originally Posted by: old fed Go to Quoted Post
I hope your supplement doesn't go away. as you well know, everything is always subject to change.

to be fair, generally congress is pretty good about implementing change going forward and not reaching back so you're probably ok.

Agreed.
I've been pretty fortunate so far. Being "grandfathered in" on most changes.
The supplement has always been on precarious footing. It seems like every administration wants to eliminate it. Some for new employees, some for all employees.

Not just the supplement. There's been recent talk of reducing and eliminating the COLA for CSRS and FERS retirees.
Also lowering the rate of return on the G fund.

A lot of people I've worked with have believed that "they earned it, they can't take it away".
Oh yes they can.

Hope for the best, but prepare for the worst.
Nothing is guaranteed to last forever.

EagleDog  
#22 Posted : Wednesday, July 22, 2020 10:55:34 AM(UTC)

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Originally Posted by: GoHuskers Go to Quoted Post
Old Fed - We (CSRS retirees) could originally contribute no more than 2% of our salary to the TSP, and the only fund we could contribute to was the G fund.

Interesting.
Seeing it again jogs my memory. I think I knew this once but forgot.
Thanks for refreshing me.

EagleDog  
#23 Posted : Wednesday, July 22, 2020 11:05:15 AM(UTC)

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Originally Posted by: TheRealOrange Go to Quoted Post
This article came out at FedSmith today. :-) https://www.fedsmith.com...-paid-feds-1-well-known/

Talk about timing! Nice find.

p.s. I'll be posting this in my agency's forum.

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