Search:

All I can say to that is.... you get what you pay for.

I've been trying to wrap my mind around this.

Since monies in the G-Fund are loaned to the government in the form of special issue Treasury securities ... how can the government borrow money...

I read an article on this a couple years ago that ran the numbers & concluded that Harvard's endowment funds are so huge they could actually offer tuition, books, fees, & room & board, for their...

It's all just 1's & 0's in a computer anyway. It's not like they have your G-Fund monies denominated in gold eagles & buried in a mason jar with your name on it in the backyard of the white house,...

Congrats Hallatauer & welcome to Texas,

I retired at 49.5 (LEO) myself ... water temps fine, vis is 100ft, so backroll on in and start blowing some bubbles.

(pssst ..... if you're coming to...

Any way you slice it with FERS, the fact remains that this ain't your Dad's old civil service pension (or health insurance). I'm sure there's many more large corporations with better retirement...

The FERS Law Enforcement/AirTrafficController/Firefighter retirement is sometimes referred to "12d" which is the section it is found in in the law (CSRS was called "6c")

Sorry show-me .... if you...

We've already covered this in this thread t-dog. It's not fair, I agree, but that's what the law says. I've already researched this extensively. It's probably just an oversight when the regs were...

True ... except they are on the 12d FERS plan for LEO's/ATC's/Firefighters with the enhanced 1.7% computation & early unreduced retirement w/supplement eligibility.

Must be a stressful and/or...

I am going to have to disagree with you, in part .... regularly retired Federal LEO's who retired before age 55 can pull monies out of their TSP without penalty via the methods outlined in my...

My guess is neither NARFE nor FLEOA cares enough about the issue just yet to put any effort toward correcting it because there aren't enough retired FERS LEO's yet and thus those currently affected...

When comparing your retirement income to your working pay there are other things you need to look at.

First deduct your TSP contribution you will no longer be making (should be 16.5k) as you...

I retired as a FERS "6c" (technically it's 12d for FERS) 1811-13 with 25 years LEO time + 4 years of bought back military. My supplement is $997.

Nobody at my agency knew exactly how it is...

The 2% SS tax cut doesn't do a thing for me since I don't pay SS on my annuity & FERS withdrawal & my spouse is a teacher in a State they don't pay into SS.

Somehow the whole thing just seems...

Correct

The monthly payment under this method comes out about the same as the MetLife Annuity with inflation protection, survivor benefit, & cash refund feature. Difference being, the money is...

Hi dhstdog,
(by your username, it appears we hail from the same agency)

I retired FERS from a Fed LEO career a year and a half ago at age 49 & researched this extensively. (search for other...

1099-R came from TSP yesterday - Block 7 (Distribution Code) is coded with a "2" for "Early Withdrawal - Exception Applies" -

So appears I'm good to go with not having to justify to IRS why/how...

What's to "check out"? You can't read anything on their website as to what they are actually doing unless you are already a dues paying member and have a login account.

That's really weird IMO - why would they have added that provision ... then inserted that you forfeit COLA till 62? (unless they were trying to bribe & coerce at the same time some ATC's into...

ATC/FF/LEO retirees do get COLA's on their annuity beginning at retirement regardless of age - as long as they retire on an immediate annuity (provided the CPI calls for one in any particular year)

As to "life-expectancy" payments directly from TSP before the age of 55 being exempt from the 10% early withdrawal penalty -I am relying on this: ...

I'm doing TSP life-expectancy payments, so hopefully it will be coded as such and no prob.

Do you think the filing of a 5329 trips a flag at the IRS for further review?

When calculating the percentage of your retirement vs your previous pay, don't forget to add in the 6.2% Social Security on the first $106k of your previous salary, the 1.45% Medicare you paid on all...

I am a 50 yr old retired fed LEO & began receiving "life-expectancy" payments from TSP just this year.

Once begun as "life-expectancy" payments the payments must continue for five years or age...

(ooops, accidental double posted while trying to edit comments)

Congrats Clester

FYI - I retired at age 49 as a FERS LEO on very short notice at the end of Sept 09 & got finalized in Mar 2010....