3 Things Federal Employees Must Know About Social Security

Your FERS retirement benefits consist of three main components: The Basic FERS Retirement Pension, Social Security, and the Thrift Savings Plan (TSP). And while your FERS pension is one of the more unique parts of your retirement package, Social Security is an equally important benefit providing guaranteed income. Since Social Security is such an essential part of your retirement benefits, you must understand how it interacts with other benefits, how its COLAs work, and when your benefit may be reduced. So, this week we’ll dive into the three things that every federal employee must know about Social Security. Continue reading...