Katelyn and Chelsea explore strategies to maximize your FERS annuity, offering practical tips and insights. They also provide an update on potential pay raises, including current news and relevant legislation affecting these changes.
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Chelsea offers a comprehensive guide to maximizing your FERS annuity. She starts by explaining the formula used to calculate your annuity, providing an understanding of the basics. Then, she explores four effective strategies for optimizing your benefits, detailing the advantages of each and highlighting critical considerations. Chelsea wraps up by stressing the importance of making informed choices and advises federal employees on the best ways to seek additional guidance.
Katelyn updates on the potential pay raise, addressing rumors of a 7.4% increase and explaining why it might be lower. She outlines the positive and negative aspects, delves into recent CPI data and inflation, and explains how these increases are implemented. Katelyn covers necessary legislation, the risk of a government shutdown, and its impact on the spending bill. She also touches on the Save Act and offers federal employees advice on best practices in the event of a shutdown.
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