Sentences with phrase «federal retirement programs»

The majority of the remaining spending comes from federal retirement programs, but it is not clear whether those would count as entitlement programs or not.

It includes every entitlement or mandatory benefit program with annual federal and state expenditures of over $ 10 billion other than veterans» and federal retirement programs.

In addition to participating in Social Security, he is enrolled in the low - cost defined contribution (think 401k) federal retirement program, Thrift Savings Plan (TSP).

While the basic federal retirement program offers only a few ways to structure survivor benefits, the Thrift Savings Plan offers the opportunity for much more tailoring of its annuity benefit.

Not exact matches

The federal government limits tax - deductible contributions to retirement plans; for most plans, such as 401 (k) programs, the maximum amount you can receive in contributions in 2016 is $ 53,000 if you're under the age of 50, and $ 59,000 if you're eligible to make «catch - up» contributions.

The company also has a stock purchase program that comes with no fees, and a federal credit union that helps with savings for workers planning for their retirement.

The commission recommended several reforms including reforming civilian and military retirement programs, reducing agricultural program spending, eliminating in - school subsidies in federal student loan programs, and giving the Pension Benefit Guarantee Corporation the authority to increase premiums.

Industry trade groups like ICI have taken issue with the DOL's plan to boost workers» access to retirement plans through state - run programs, arguing that such plans will spur a «confusing, state - by - state patchwork of savings programs» that could lack strict federal controls.

The establishment of state - based retirement programs for workers moved a few inches closer to reality on both the federal and state levels last week.

j Major benefit programs not included in the core analysis, for reasons explained in the text, include civil - service retirement and other federal civilian retirement programs ($ 73 billion), military retirement ($ 51 billion), and veterans» compensation, pensions, and readjustment benefits ($ 56 billion).

On the spending side, reconciliation can be used to address «mandatory» or entitlement spending — that is, programs such as Medicare, Medicaid, federal civilian and military retirement, SNAP (formerly known as food stamps), and farm programs — but not Social Security.

Today, federal law allows any state or local retirement system to modify their Section 218 agreement and join the program (states that opt into coverage can't opt out).

Deferred Compensation 457 (named for Section 457 of the Internal Revenue Code) is a civil service retirement investment program deferring your federal income taxes until the funds from your investment are withdrawn, presumably when you're in a lower tax bracket.

By that point, the hopelessness of Federal social insurance programs like Social Security and Medicare, plus underfunded Federal and state retirement plans, will force benefit reductions and tax increases on the US, and crimp borrowing capacity, unless they borrow in a currency other than dollars.

Congressional staff members enrolled in the Federal Employee Health Benefits Program since the earliest opportunity, in the five years preceding retirement, or for the entire period of eligibility, can continue receiving health benefits through the plan if they retire on immediate annuity.

Yet, many workers planning for retirement — and even some retirees — don't understand how the federal program works.

These conditions are as follows: You must retire on an immediate annuity (pension) under the federal retirement system; and, Been previously covered under the FEGLI program for the last five years of service directly..

With an aging workforce and hundreds of thousands of retirements looming, the U.S. Civil Service offers many programs designed to entice Millennials to federal employment, hoping that some recruits will spend their careers working for their country.

Trainees must begin the training program before their 31st birthday; at age 56, controllers are subject to mandatory retirement with full federal benefits.