Disability Income for Federal Employees If you’ve been a federal employee for at least 18 months, you are covered by FERS Disability. The FERS disability benefit starts off at 60% of you salary (or hi-3, whichever is higher) only for the first year. Subsequent years, the disability benefit drops to 40% of your salary. Two important points
Q&A: Tax Withholding on a FERS or CSRS Pension Question Hi Stephen, I’m filling in my retirement paperwork and have a quick question about tax withholding: Federal withholding W-4P: Do you suggest I just have usual federal tax withheld under my “single” status? State withholding: should I elect to NOT have state income tax withheld from
Is the 3-legged stool enough? Question: I am contributing 5% to my TSP, getting the maximum agency match, and I’m also paying into Social Security and the Federal Employee Retirement System (FERS). Is that going to be enough to retire on? Answer: I want to answer this question on two levels. The first level will
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