Retired Pay World

Remember that Honey and Bunny both Rhyme with Money

NYC Woman Charged With Conning Man, 85

Friday, October 6, 2006

(10-06) 10:40 PDT New York (AP) —
A teen age vixen conned an 85-year-old man out of as much as a $1 million during a two-year relationship, and he may not have been her only victim, Queens prosecutors said. Louis Bruno of Queens said he met Natasha [...]

How Much Does The Military Make?

Here’s an article that makes you think.  The City Of New York, both victim and hero of 9-11 and “proprietor” of some of the world’s best emergency services ought to be taking care of their employees.  Well, they’re taking care of them, all right.  Taking care of them the way the bull “takes care” of [...]

CSRS and FERS Retiree On Line Services

One big issue that always seems to cause delay and dissension in Federal retiree divorce cases is the simple retrieval of information. One an employee is retired, his or her personnel-type issues are handled from the Office Of Personnel Management (OPM, formerly called the Civil Service Commission) in Boyers, Pennsylvania. Their mailing address [...]

Military Life After Retirement

Reveille and Hyperbole:As employers and industries throughout the country progressively realize the value of hiring military veterans, MilitaryStars, the nation’s largest military career expo company, continues its rollout of new venues throughout 2006. Phoenix, AZ will play host to MilitaryStars’ Western Regional Career Expo on October 3rd, 2006, and regional companies from myriad industries are [...]

Important Deadline Approaches — Don’t Let It Slip By Unconsidered

Survivor benefits: An exit strategy for insurance?
A financial planner says many military retirees were misinformed about a “survivor benefits plan,” and time is ticking away to sign up for it.
BY CHRIS FLORES 247-4738
September 17, 2006
When Steve Hinds retired from the Air Force in 1992, he was confident that his life insurance would cover his wife’s [...]

Important Deadline Approaches — Don’t Let It Slip By Unconsidered

Survivor benefits: An exit strategy for insurance?
A financial planner says many military retirees were misinformed about a “survivor benefits plan,” and time is ticking away to sign up for it.
BY CHRIS FLORES 247-4738
September 17, 2006
When Steve Hinds retired from the Air Force in 1992, he was confident that his life insurance would cover his wife’s [...]

Coke and Pepsi Have Nothing On These COLAs

Federal retirees, from both Civil Service and the Military are entitled to COLA’s — Cost Of Living Adjustments — in their pensions and annuities.  Hmmm, reminds me, I had better do a post soon on the difference between retirement pay and annuities.  These retirements are special in comparison to many in the run-of-the mill commercial [...]

Divorce Attorneys Out Of Business?

North Carolina entrepreneur looks to offer divorce insurance
September 8, 2006
Company is currently pursuing a business method patent on the new insurance offering.
APEX, NC – If John Logan has his way, sometime in the very near future, people across the globe will be able to purchase insurance coverage against the potential financial devastation often caused by [...]

HERO Act and Divorce Division

Another Really Nice Tax Law Change
The HERO Act allows retroactive IRA contributions to both traditional and Roth IRAs for those service members and their spouses, if applicable, who are serving in combat zones. The HERO Act allows IRA contributions for years 2004 and 2005. These IRA retroactive contributions can be made as late as May [...]

TSP — New Withdrawal and Transfer Considerations

Pension reforms allow TSP transfers to Roth IRAs
By TIM KAUFFMAN
August 22, 2006
Beginning in 2008, Thrift Savings Plan participants will be able to transfer their TSP savings directly to a Roth IRA and avoid paying taxes on the funds when they’re withdrawn, under pension reforms signed into law Aug. 17.
Currently, TSP participants wishing to transfer savings [...]

TSP — New Withdrawal and Transfer Considerations

Pension reforms allow TSP transfers to Roth IRAs
By TIM KAUFFMAN
August 22, 2006
Beginning in 2008, Thrift Savings Plan participants will be able to transfer their TSP savings directly to a Roth IRA and avoid paying taxes on the funds when they’re withdrawn, under pension reforms signed into law Aug. 17.
Currently, TSP participants wishing to transfer savings [...]

CSRS FERS Civil Service Retirement — Harder Than It Looks

Smoothing the Transition
By Tammy Flanagan, National Institute of Transition Planning
There’s little question that the kind of benefits federal employees enjoy in retirement play a major role in their decision to work for Uncle Sam. A 2003 Office of Personnel Management survey showed that the availability of retirement and insurance benefits influenced the decision of 68 [...]

What Are The Advantages Of Blog Management Outsourcing?

If you own a blog or hire a virtual aid or SEO company to help with your site development you will have heard of blog management outsourcing and are curious to discover what the services have to give. Since thousands of people write their own blogs online you could be considering what are the benefits of blog management outsourcing.

Don’t Miss Open Season

It’s very nearly Open Season for the US Federal Employee (and Retiree) Health Benefits Plan.  This is “Fed Speak” for the special time per year when you can opt-in to the program or change plans, coverage modes, etc.  It will run from 9 November through 14 December 2009.  This has a lot to do with [...]

Who Needs a Security Clearance Lawyer, Do It Yourself, It’s Cheaper

I’ve been doing some in-depth research on the US Security Clearance system, with a focus on clearances for Civil Service personnel and especially, US government contractors.
I haven’t completed the bulk of the task yet, but I have come across a finding I think is sort of amazing … a large percentage of folks, denied their [...]

TSP — Something to Keep Track Of

TSP officials weigh automatic enrollment of employees
By Amelia Gruberagruber@govexec.com
Thrift Savings Plan officials are reviewing recently enacted pension overhaul legislation to determine if they should seek to implement some of its features that apply to the private sector but not the federal plan — including policies on automatic enrollment.
The reform measure, signed by President Bush [...]