Common misconceptions about federal retirement benefits

Common misconceptions about federal retirement benefits

The Office of Personnel Management is anticipating a wave of retirement applications, stemming from the increasing number of federal employees who have opted into the Voluntary Early Retirement Authority (VERA) and the deferred resignation program (DRP). In a justification statement for a recent contract award to modernize its human resources systems, OPM referred to an “expected doubling of the retirement application backlog.” With so many curr…

The Most Common Misconceptions About Lines of Credit

A line of credit is a standard borrowing option offered by most banks and credit unions in Canada, yet it still carries a surprising amount of confusion. Too many borrowers make assumptions about how it works, which often leads to misuse or missed opportunities. Used properly, a line of credit or LOC is a flexible and cost-effective way to manage variable expenses or access funds during temporary cash flow gaps. But misinformation, especially ar…