When it comes to saving for retirement as a federal employee, one of the options at your disposal with the widest variety your TSP, or Thrift Savings Plan.
The cost of your Federal Employee Group Life Insurance and the amount of coverage you receive from it are difficult to understand unless you know how it’s calculated.
While not always common, it’s important to understand what might happen if you’re ever going through a RIF: a reduction in force. If you’re a federal employee that’s losing your position, or the position is moving to another area where you cannot relocate, then you may find yourself applying for VERA/VSIP.
As a federal employee, you may be wondering exactly how much money is being deducted per paycheck for your retirement. First, we need to take a look at what items are considered part of your retirement package.