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What's Taken Out Of The Interim Check?

Author
Kevin Jones
Published
Tue 09 Jan 2024
Episode Link
https://rss.com/podcasts/fed-pilot-podcast/1585100

During a Fed Pilot Workshop, we discussed how Interim pension checks are received when retirement hasn't been fully adjudicated, which can take months. These checks are only between 40 to 60% of what the retiree deserves. Deductions for state taxes, dental and vision, and long-term care are not taken out of the interim pension checks, meaning retirees have to pay for these expenses out of pocket. We know how crucial it is to be financially prepared for the first year of retirement to cover these additional costs. https://fedpilot.com

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