Understanding the Taxation of CSRS and FERS Survivor Annuities
Understanding Taxation of CSRS and FERS Retirement Pensions Recent discussions have focused on how the federal government taxes CSRS and FERS retirement pensions, particularly those not related to disability. The IRS provides some simplified guidelines, shedding light on which portions of these pensions may remain tax-free and when they become fully taxable. Specifically, the taxable […]
Pension Reform Conflict: Legislators Push Back Against FERS Contribution Increase
Rep. Mike Turner Challenges Proposed Pension Contribution Increases for Federal Workers Rep. Mike Turner (R-OH) has expressed his disagreement with the House Oversight Committee’s plan to raise pension contributions for federal employees as part of a budget deal. During a markup session held on April 30, where the proposed cuts to federal employees’ retirement benefits […]