The average 401(k) savings rate is at record-high levels, according to a Vanguard report. See how the current rate compares ...

Morningstar has been publishing an annual report on The State of Retirement Income for several years, with the first edition ...

Under the current system, contribution rates would be arranged according to the year an employee started: 0.8% in 2012 or before; 3.1% if hired in 2013, and 4.4% if hired in or since 2014.

The FERS change could reduce take-home pay for certain workers considerably. For someone at the bottom end of the federal pay schedule making just under $28,000 a year, the increased contributions ...

To be eligible for immediate retirement under FERS, these are the requirements: Minimum Retirement Age (MRA) + 30 years of service; ... Example: If your highest 36 consecutive months of basic pay ...

Unlike some public pension plans, employees covered under FERS pay into Social Security at the same rate as private employees. Anybody paying into Social Security will pay 6.2% of earnings with ...

The FERS retirement benefit is smaller than the one paid under CSRS for any given length of service and level of compensation as the older CSRS system was designed to “stand alone” without the ...

1. Financial Freedom in Retirement. The caller is in a strong financial position with over $1.1 million in her nest egg, no debt, and a steady income from pensions.