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....
Federal Employee Benefits
What Will Happen to My Annuity if I Leave Federal Service?
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,...
Federal Survivor Benefits: Death Benefits, Annuities, and What Your Family Can Expect
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...
What Happens to Your TSP if You Leave Federal Service?
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?...
Why Special Security Supplement is Important in Retirement Planning
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...
Federal Retirement Financial Planning
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...
FERS- The Federal Employee Retirement System
If you are a federal employee who was hired after January 1, 1984, you fall under the FERS retirement system. This is different than the Civil Service Retirement System (CSRS) in that the FERS system is known as a three-tier system. The three parts are a Basic Benefit...
How FERS Disability Retirement Annuity is Computed
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...
FERS Disability Vs OWCP Payments
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,...
What is the Federal Disability Retirement Process?
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...
FERS Disability Vs Social Security Disability
We are going to look at the benefit interaction between receiving a FERS Disability and a Social Security Disability. If you want to read about the interactions between OWCP and Federal Disability Retirement, read our blog here. While you don’t have to be approved,...
Am I Eligible for Federal Disability Retirement?
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....
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