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There are special retirement rules for FERS and CSRS employees covered under the Special Retirement Provisions. This can cause a challenge when these employees become eligible to retire because they can become eligible at a younger age and have a mandatory retirement...
Annuity Computation for Retirement Under FERS
Under the Federal Employees Retirement System (FERS), there are four types of retirement; voluntary, early, deferred, and disability. Last week we looked at the eligibility requirements for each of these retirements. This post will focus on the annuity computation for...
Eligibility Requirements for Each Type of Retirement Under FERS
Under the Federal Employees Retirement System (FERS), there are four types of retirement; voluntary, early, deferred, and disability. Over the next few weeks, we will look at the eligibility requirements, annuity computation, and special provisions for each. This post...
How Does FECA Help Federal Workers?
The Federal Employees Compensation Act (FECA) provides compensation benefits for federal workers in the case of an injury, disease, disability, or death from an employment related cause. It covers both full and part-time workers regardless of what branch they work in....
Stress and Filing for Federal Disability Retirement
Stress is found in every workplace, home, relationship, and part of life in general. One of the requirements for qualifying for federal disability retirement is having a medical condition that disqualifies you from performing useful and efficient service. Meaning,...
Knowing When to Retire Can Make All the Difference
If retiring as a FERS employee, your pension starts on the first day of the following month after you retire. So, it makes sense to retire on the last day of the month, no matter what day of the week, right? Well, this is partly true. While the short answer may be...
Common Causes of Injuries and Illnesses to IRS Workers
It’s easy to understand how a Federal Air Marshal or a federal worker at the Department of Justice can get injured while on the job, but an IRS worker? Can they really get injured or become ill on the job? The answer is simple: yes! While they may not be out of the...
Important Information to Know When Filing for Federal Disability Retirement
If you are a federal or postal worker and have found that you can no longer perform the essential duties of your job because of an injury or illness, you may find yourself in the world of filing for federal disability retirement. Applying for federal disability...
The Difference Between CSRS and FERS Service Credit
Often, service credit and creditable service are used interchangeably. While they do have similarities, they are classified as two different types of credit. A previous post looked at what creditable service is. This post will look at the differences between CSRS and...
More Hiring Freeze Questions Answered
A few weeks ago, President Donald Trump issued a hiring freeze in the federal government. Since then, there have been exemptions to that freeze announced. Now, even more questions are being answered. Below are a few more clarifications about the hiring freeze. What...
What is the Thrift Savings Plan (TSP)?
The Thrift Savings Plan (TSP) is a retirement saving and investment plan for federal employees and members of uniformed services, including the Ready Reserve. Purpose and History of Thrift Savings Plan Congress established the TSP under the Federal Employees’...
FERS Payments for Federal Employees
If you have left, or are leaving federal service, before becoming eligible for retirement, you have a couple of options. First, you can ask to have your retirement contributions returned to you in a lump sum. Or, if you have at least 5 years of creditable service, you...
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