Financial planning for federal employees in Utah — steady planning for unsteady times
Kimberlite Financial Services — Educational Series

Financial Challenges Facing Utah's Federal Employees — and How to Plan Around Them

From the Ogden IRS campus to agencies across the Wasatch Front, federal work has stopped feeling predictable. You can't control the policy. You can build a plan that holds up whichever way it breaks.

By Ryan Hammett · July 2026

For a long time, a federal job in northern Utah was shorthand for stability. In 2026 it is shorthand for something more complicated. This is a calm, educational map — not advice, not a prediction — of what's actually changed, what only sounded like it changed, and the handful of moves that steady a household no matter how the politics land.

If you work at the Ogden IRS Service Center, at Hill, at a regional agency office, or anywhere in the federal system along the Wasatch Front, the last eighteen months have been a lot. Deferred resignations. Buyout offers. A government shutdown. Reduction-in-force notices. Headlines about your pension that seemed to change every week.

I'm Ryan Hammett, a fiduciary financial advisor in Layton. I'm not going to tell you what to think about any of it — that's not my job, and you didn't ask. My job is narrower and more useful: to help you separate what actually happened from what merely got proposed, and to point at the specific financial moves that make sense when your paycheck stops feeling guaranteed. Whatever you think of the policy, the planning question is the same: what happens to your household if your income changes?

The Ground Actually Moved

Start with the part that's real and measurable. The federal workforce has shrunk substantially since the start of 2025 — by roughly 350,000 people, on the order of 317,000 of them in 2025 alone. The large majority of those departures were voluntary: the deferred resignation program that about 6.7% of the civilian workforce accepted, plus early-retirement and separation-incentive offers (VERA and VSIP).

~350,000
Federal workers who have left since January 2025 (most through voluntary programs)
Jan 30, 2026
Date the shutdown-deal moratorium on reductions in force expired
~7,500
Workers at the Ogden IRS centers — with layoffs and building-sale plans reported through 2025

Two things about that picture matter for planning. First, the pause on involuntary reductions that came out of the shutdown deal expired at the end of January 2026 — which means RIFs are back on the table this year, and in early 2026 several agencies began issuing position-elimination notices with a familiar menu: take a buyout, accept a reassignment, or face involuntary separation. Second, the Office of Personnel Management has proposed changing how RIF retention is decided — prioritizing performance ratings over tenure and length of service. The old "last hired, first out" logic that long-tenured employees quietly relied on is no longer something to assume.

And this isn't abstract in Ogden. The IRS centers here employ thousands; through 2025, local reporting documented layoffs of probationary employees, employee rallies, a chaotic shutdown, and even a federal building placed on a list to be sold. If you're here, you already know the mood in the parking lot. The question is what to do with it.

The reframe: you cannot vote, argue, or worry your way to job certainty. What you can do is make your household resilient enough that a furlough, a shutdown, or a RIF notice is a disruption you planned for — not a crisis you're meeting for the first time.

If a Buyout or RIF Notice Lands on Your Desk

More than 150,000 federal employees drew a salary for months under the deferred-resignation program, and buyout offers (up to around $40,000 in the Defense Department) have become routine. If one shows up for you, the instinct is to react to the deadline. Resist that. A buyout is a financial decision wearing an emotional costume.

Here is the honest framing: a buyout is not free money. It's a trade — cash today in exchange for the salary, benefits, and pension credit you'd otherwise keep earning. Sometimes it's a genuinely good trade. Sometimes it's a bad one dressed up as a lifeline. The only way to know is to run your specific numbers, and the pieces that decide it are almost never in the offer letter:

Your FERS eligibility

Are you close to your Minimum Retirement Age? Would you qualify for an immediate annuity, a deferred one, or nothing yet? The gap between "almost eligible" and "eligible" can be worth tens of thousands.

FEHB health coverage

Carrying federal health insurance into retirement generally requires being enrolled for the five years before you go. Leaving a year early can cost you that benefit for life — a factor that dwarfs most buyout checks.

Your TSP, on separation

Leaving federal service doesn't forfeit your TSP. Leave it, roll it, or split it — the right answer depends on your age, tax bracket, and what comes next, not on a default.

The tax year

A lump-sum buyout is taxable income the year you receive it, potentially pushing you into a higher bracket. Timing and withholding matter more than the headline number.

None of that requires a financial advisor to Google. It does reward sitting down with someone who will model the actual dollars with you before you sign something you can't unsign. If you take one thing from this section: the deadline on the offer is not the deadline on your decision-making — build the math first.

The Retirement Rules Are Moving Too — But Less Than the Headlines Said

This is where I see the most fear and the most confusion, so let's be precise, because precision is calming. During 2025, Congress debated a whole slate of cuts to federal retirement. Most of them did not survive. Here is what actually became law versus what was proposed and dropped:

What passed: the FERS annuity supplement is being eliminated, effective January 1, 2028, for employees not already entitled to it by that date (with exceptions for roles that face mandatory retirement, like law enforcement and air traffic controllers).

The supplement is the piece worth understanding, because it's aimed squarely at people who retire early. If you retire at your Minimum Retirement Age before Social Security starts at 62, the FERS supplement has bridged that income gap. Removing it for future retirees means that anyone planning to leave before 62 after 2028 needs to build that bridge another way — usually from the TSP or other savings. If early retirement is your plan, this is the single change to model now.

Now the reassuring half, the part that got less airtime:

The lesson underneath the noise: the headlines proposed far more than what became law. That will keep happening — rules get floated, amended, and revised every budget cycle. A retirement plan that assumes today's rules are permanent is fragile by design. Build one that can flex, and check it against reality once a year rather than once a news alert.

The Boring Stuff That Still Wins

Underneath all the turbulence, the fundamentals of a federal retirement are quietly excellent — if you use them well. The Thrift Savings Plan has some of the lowest costs of any retirement plan in existence. But a great tool used badly is still used badly: money left in the G Fund for a decade, the Roth option ignored, the match quietly left on the table. A few concrete 2026 facts worth knowing:

$24,500
2026 TSP elective deferral limit (up $1,000 from 2025)
$35,750
Potential total for ages 60–63, with the new "super catch-up" ($11,250 on top of the base)
5%
The full FERS agency match — free money you have to contribute steadily to capture

The match trap almost nobody warns you about: the FERS match stops the moment you hit the annual contribution cap. If you front-load and max out in October, your agency's matching contributions simply stop for November and December — and you've handed back part of a 5% raise. Spread your contributions evenly across every pay period so you capture the full match all year. This one is pure arithmetic, and it's costing people money right now.

Two more for 2026: those aged 50 and up have an $8,000 catch-up, and there's a SECURE 2.0 wrinkle — if you earned more than $150,000 in 2025, your catch-up contributions now have to go into the Roth side, taxed up front rather than deferred. And step back to see the whole structure: FERS is a three-legged stool — your pension, your TSP, and Social Security. They only work well when someone plans them together, with a retirement date chosen for how all three interact, not just one.

What I'd Actually Do Right Now

If you're a federal employee or retiree in Utah reading this with a knot in your stomach, here's the calm version of a to-do list. None of it requires panic. Most of it you can start this month.

1 · Size the reserve to the reality

Three months of expenses is the old default. In this environment, many federal households are targeting six to twelve months in accessible cash — enough to ride out a furlough, shutdown, or gap between jobs without touching investments.

2 · Know your numbers cold

Your Minimum Retirement Age, your years of creditable service, whether you'd be entitled to the FERS supplement before 2028, and where your five-year FEHB clock stands. Decisions get easier when the facts are on paper.

3 · Capture the full TSP match

Check that your contributions are spread across all pay periods, and revisit your allocation and Roth-versus-traditional split. This is the cheapest win available.

4 · Build a Plan B before you need it

Know, in advance, what you'd cut, what you'd draw on, and in what order if the income stopped. A plan made calmly beats a decision made under a deadline every time.

5 · Run the irreversible ones with help

Buyouts, early-retirement elections, TSP rollovers, survivor-benefit and Social Security timing — these are hard to undo. Model them before you commit.

6 · Review once a year, on purpose

Not once a headline. The rules will keep shifting; a scheduled annual check keeps your plan current without letting every news cycle rattle it.

Is This the Kind of Help You're Looking For?

I'll be honest about fit, because a wrong fit wastes your time and mine.

We may fit if

  • You're a federal employee or retiree who wants a written plan that accounts for both paycheck risk and the moving retirement rules.
  • You want someone to run the buyout or early-out math with you before you decide — not after.
  • You'd rather plan calmly than react to the next alert.
  • You want a fiduciary who says "here's what I'd weigh, and why," and whose fees are published and billed only in arrears.

We probably don't if

  • You want someone to tell you how the politics will end. Nobody credible can.
  • You want stock-picking or market-timing. That's not what I do.
  • Your situation is simple enough that steady TSP contributions genuinely cover it — in which case, just don't leave the match on the table.

Common Questions

Is the FERS annuity supplement going away?

Yes, for future retirees. The 2025 law eliminates it effective January 1, 2028, for employees not already entitled to it by then, with exceptions for roles subject to mandatory retirement. If you plan to retire before 62 after that date, the bridge income it provided will need to come from your TSP or other savings.

Did FERS pensions switch to a "high-5" calculation?

No. That proposal was removed from the final law. The high-3 calculation — your three highest consecutive salary years — still stands.

Did my FERS contributions go up in 2026?

No. The proposal to raise current employees' contributions toward 4.4% of pay was dropped. Current employees' rates didn't change.

What happens to my TSP if I take a buyout or get RIF'd?

It's yours — separation doesn't forfeit it. You can generally leave it in the TSP, roll it to an IRA, or split it, and the right choice depends on your age, taxes, and plans. Decide it alongside your buyout tax hit and FEHB eligibility, not in isolation.

How big should my emergency fund be right now?

Educationally: three to six months is the usual guideline, but given elevated furlough, shutdown, and RIF risk, many federal households are holding closer to six to twelve months in cash. Your right number depends on your job security, spending, and other income.

Let's build the plan before you need it

If you're a federal employee or retiree along the Wasatch Front weighing a buyout, an early-out, or just how to steady things, start with a free 30-minute conversation. No obligation, no pitch — and if a plan isn't what you need, I'll tell you that.

Schedule a Free Intro Call Federal advice near you: Ogden & Weber County · Military at Hill AFB? See Layton & Hill AFB
Ryan Hammett
Founder, Kimberlite Financial Services
Layton, Utah
Independent | Fiduciary | Fee-Based

Educational content only. This article is provided by Kimberlite Financial Services for educational and informational purposes. It is not personalized investment, tax, legal, or retirement-benefits advice, and it should not be relied upon as such. Federal benefits, FERS provisions, TSP limits, and workforce policies change frequently; the information here reflects publicly available reporting and figures as of July 2026 and may become outdated.

Kimberlite Financial Services is an independent registered investment adviser and is not affiliated with, endorsed by, or sponsored by the Internal Revenue Service, the Office of Personnel Management, the Thrift Savings Plan, the Department of Defense, or any government agency or employer. For guidance specific to your federal benefits, consult OPM resources, your agency HR or benefits office, and a qualified tax or financial professional who can evaluate your circumstances.

Kimberlite Financial Services, LLC (Firm CRD# 342159) is an investment adviser registered with the Utah Division of Securities. Registration does not imply a certain level of skill or training. Investing involves risk, including possible loss of principal. Past performance is not indicative of future results.

Sources: U.S. Office of Personnel Management & the 2025 federal deferred resignation program · Congressional Research Service, "Federal Retirement Provisions (Sections 90001–90004)," congress.gov · Government Executive, "House passes reconciliation bill that cuts federal employee retirement benefits" · FedWeek, "Switch to High-5, Increase in Required Retirement Contributions Dropped" · The Thrift Savings Plan (tsp.gov), 2026 contribution limits (Bulletin 25-3) · FedSmith and FEBA Benefits, 2026 TSP changes · KSL, KUER, and KUTV reporting on Ogden IRS layoffs, rallies, and the 2025 shutdown · Congressional Budget Office reconciliation analyses. Figures as of July 2026.