South_agency / Getty Images The Federal Employees ... retirement goals: Because the TSP does not function as a pension like the basic benefit plan and Social Security, your earnings after 30 years ...

In a close vote, the House of Representatives passed President Trump's budget bill with cuts to federal retirement benefits.

Though Democrats were able to excise a plan to base federal retirees’ annuity payments on their highest five years of salary, ...

Building your retirement fund is critical for financial security. After all, you don’t want to run short of money when you’re older and no longer earning a paycheck. But how much should you ...

FERS provides federal employees with retirement benefits funded ... is based on length of service and the average of the three highest paid consecutive years of service. (It only looks at base ...

WASHINGTON — Tennessee Valley Authority CEO Jeff Lyash — the highest-paid federal employee ... of $10.5 million per year — abruptly announced Friday that he was retiring 11 days after ...

Typically, in exchange for a 10% reduction ... even after retirement. Not all are eligible, but those who are can continue health insurance via the Federal Employees Health Benefits (FEHB) program.

After a six ... for federal retirees, using an average of an employee’s five highest-earning years instead of three. That could reduce payouts by $4.75 billion over 10 years, according to ...