FEDweek

FEDweek is the leading source of information for those in the federal government, boasting the largest circulation. It offers a variety of free weekly email newsletters, along with numerous publications available both in print and online. You can find all our newsletter articles at fedweek.com. Check us out today for important updates and insights regarding your benefits, career, retirement, and other topics.

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Computation Date: The Difference Between RSCD and SCD and Where to Find Them

3 weeks ago | fedweek.com | Dallen Haws

When planning for retirement as a federal employee, understanding the difference between your Service Computation Date (SCD) and your Retirement Service Computation Date (RSCD) is essential. While these two dates may sometimes be the same, they often differ based on factors such as prior military service, temporary employment, or other irregular service periods.
Trump Orders Changes to Hiring, SES Policies; Revokes DEI-Related Orders

Jan 22, 2025 | fedweek.com

Among President Trump’s early initiatives regarding the federal workforce is an order calling on OPM, OMB and the DOGE commission to craft within four
Have My Federal Benefits Changed in 2025

Jan 9, 2025 | fedweek.com | Dallen Haws

As we step into 2025, there are several important changes to FERS benefits that federal employees should be aware of. From Thrift Savings Plan (TSP) contribution limits to significant updates on health benefits, these changes offer both challenges and opportunities for maximizing savings. Here’s an overview of the most crucial updates affecting federal employees in 2025. 1. TSP Contribution Limits for 2025The TSP has increased contribution limits for 2025.
How to Never Run Out of Money in Retirement

Dec 4, 2024 | fedweek.com | Dallen Haws

What keeps you up at night? Well if you are an average American then it is probably the fear of public speaking or running out of money before you die. No one wants to have to clock in somewhere they’d rather not be during retirement just to make ends meet. But I have good news. As a federal employee you have lots of ways to ensure your money doesn’t die before you do. Strong FoundationFederal employees are starting way ahead of most people when it comes to retirement.
6 Ways to Increase Your FERS Pension

Nov 21, 2024 | fedweek.com | Dallen Haws

The FERS (Federal Employees Retirement System) pension calculation is based on three variables: your high-3 salary, years of service, and your multiplier. Here is how its calculated:For Example: Let’s say you have 20 years of creditable service, a multiplier of 1% and a high-3 salary of $100,000. That would be $100,000 x 20 x 1% = $20,000 per year. This means that you will get a gross number of $1,666 (before taxes and deductions) every month in retirement from your pension.
Best States to Retire for Federal Retirees: 2024

Nov 11, 2024 | fedweek.com | Dallen Haws

Updated: Retirement is a significant milestone that often comes with the freedom to relocate and enjoy a new chapter of life. But choosing the right
Are you Ready for Your Federal Retirement Under FERS

Oct 19, 2024 | fedweek.com | Dallen Haws

Retirement as a federal employee is no easy topic. There are two essential questions to understand if you’re going to know if you’re ready to retire:#1 – Are you eligible for the type of retirement that you want? #2 – Once you’re eligible, can you afford to retire? First, lets go over the different retirements that you may be eligible for:Full RetirementA full retirement is the best retirement in terms of benefits a federal employee is eligible to receive.
Within-grade Increases vs Quality Step Increases

Oct 8, 2024 | fedweek.com | Reg Jones

Let’s get back to basics on an important feature of federal pay. Most federal employees are under a grade-and-step salary system such as the General Schedule or Federal Wage System (more commonly called the wage grade system), which provide for advancement up the steps within a grade. There are two kinds. Within-grade IncreasesWGIs, which are also known as step increases, are added to your salary when two things are true. First, you have served a specified amount of time at a given pay grade.
How to Calculate an Ex-Spouse's Portion of an Annuity

Oct 1, 2024 | fedweek.com | Reg Jones

I recently read a question that a reader posted that got me thinking, and I’ve rewritten it to clear away any confusion and get to the point: “I’m a FERS employee who is retiring after 23 years of federal service (including buy-back). I was divorced in 2011 and my ex-wife was awarded 50% of my retirement. How much will she be entitled to?”Here’s the answer. She will be entitled to the maximum amount provided under law for the former spouse of a FERS annuitant.
FERS Supplement vs The 10% Pension Bonus

Sep 16, 2024 | fedweek.com | Dallen Haws

Federal employees enjoy many benefits in retirement. Two great benefits are the FERS supplement and the 10% pension bonus. However, it is impossible to get both of them as their eligibility rules make them mutually exclusive. So if you can only get one of them, which one should you go for? And the answer isn’t a simple one. In this article, we will dive into the pros and cons of each to give you a better understanding of which you would prefer.