Planning for retirement can be a scary time. Many questions surround people as they start to think about retirement; Can I even afford to retire? When should I retire? Can I still have insurance coverage? Do I have to elect beneficiaries? Those, along with other...
In part one of this post, we looked at survivor benefits that are available to your beneficiaries. This post will focus more on the amount of each benefit. Survivor Annuity This benefit is the longest lasting of the survivor benefits and it is automatic for employees....
What Happens if I Leave Federal Service? Leaving federal service isn't an easy step to take, and you'll have to weigh all the details carefully. In some cases, the choice is not all that difficult: better hours and pay, closer commuting, better benefits, etc. However,...
Survivor benefits are difficult to understand and frankly, may not be thought of very often. However, that could be a mistake. Not choosing a beneficiary in the case that something happens to you may cause delays in the distribution of benefits. This could cause undue...
The Thrift Savings Plan (TSP) is available to federal employees and works very similar to a 401k. It is part of the three-tier FERS system, which also includes a pension and Social Security. So what happens if you leave federal service? Can your TSP move with you?...
The Special Security Supplement can be a tad confusing to understand. One of those reasons is because it has so many names; Bridge to 62, FERS Special Supplement, Special Retirement Supplement, Annuity Special Supplement, and Special Supplement. However, all these...
It is never too early to start thinking about retirement. Planning is key when it comes to this stage of life. Hiring a financial planner is a decision some federal employees choose to make. If this is something you are considering, make sure you find one who knows...
You are eligible for Federal Disability Retirement benefits after you have 18 months of creditable service. You must also meet the requirements laid out by OPM (Office of Personnel Management). Under the Federal Employees Retirement System (FERS), there are four types...
In a previous post, we looked at the interaction of FERS disability and SSD. Now we’re going to look at how FERS disability and OWCP (Office of Worker’s Compensation Programs) payments interact. Unlike Federal Disability Retirement, in order to receive OWCP payments,...
After determining your eligibility for Federal Disability Retirement comes the process of actually filing for disability benefits. There are many rules and regulations when applying and the process can be long and tedious. Keep in mind the following when submitting...
To be eligible for Federal Disability Retirement under the Federal Employees Retirement System (FERS), you only need 18 months of creditable federal service. Aside from that, there are a few criteria you must meet in order to qualify for disability benefits....
Things to Consider When Searching for a Disability Retirement Attorney Applying for Federal Disability Retirement requires a lot of attention to detail; knowing when filing deadlines are, ensuring you have the proper documentation required, and completing all the...
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