"Public pensions face even more risk exposure as they try to plug funding gaps." By Brian Swerdlow In 2000, most government retirement plans in America were fully funded. However, as pension plans voted to increase benefits or reduce government contributions, things began getting shaky. By the time 2016 rolled around, many government employees were [...]
"Once upon a time, state and federal government pensions were considered somewhat sacred, a bulwark against economic forces that battered conventional retirement savings plans. But, due to unprecedented economic shifts, those with government-sponsored retirement plans may be less secure than ever."- Brian Swerdlow. By Brian Swerdlow In a business environment where Wall Street executives [...]
“If you are a federal employee covered by FERS who needs or wants to retire earlier than planned, MRA 10+ may be an option. MRA + 10 allows Feds who have met minimum age requirements and have at least ten years of service to retire sooner than expected.” Brian Swerdlow By Brian Swerdlow Federal [...]
By Brian Swerdlow Signed into law in late 2022, the Setting, Every Community Up for Retirement Enhancement (SECURE) 2.0 Act contains dozens of new provisions pertaining to retirement. These changes will likely impact how Federal employees save and withdraw funds from their retirement accounts. Building on the original SECURE Act of 2019, which altered the [...]
