Glossary of Terms & Frequently Asked Questions >Terms CSRS FERS Trans-FERS Survivor Benefits Thrift Savings Plan FEGLI
|
|
- Laura Olivia West
- 6 years ago
- Views:
Transcription
1 Glossary of Terms & Frequently Asked Questions >Terms CSRS FERS Trans-FERS Survivor Benefits Thrift Savings Plan FEGLI CSRS 1. The Civil Service Retirement System (CSRS) is a defined benefit contributory retirement system. Employees share in the expense of the annuities to which they become entitled. 2. CSRS benefits are based on the employee s high-3 average pay and the years of service. Under the general formula, 30 years of service provides 56.25% of high-3 average salary. 3. CSRS covered employees contribute 7, 7 ½, or 8 % of pay to CSRS, and while they generally pay no Social Security retirement, survivor and disability (OASDI) tax, they must pay Medicare tax. The employing agency matches the employee s CSRS contributions. 4. CSRS employees may contribute up to 10% of their basic pay for their creditable service to a voluntary contribution account. Accounts earn a market rate of interest. The employee may withdraw the funds from the account at any time or use them to purchase an additional annuity at retirement. The additional annuity is $7 a year for each $100 in the account, plus $.20 for each full year the person is over age 55 at retirement. 5. CSRS employees may contribute up to the IRS limits of pay to the Thrift Savings Plan. There are no Government contributions. 6. CSRS-Offset employees are covered by Social Security benefits because they were separated from CSRS Federal Employment for more than one year and returned to a position in which they were covered by CSRS after For these employees, their OASDI withholdings and CSRS contributions are the same as for employees who have CSRS coverage only. 7. When CSRS Offset employees retire, they receive full CSRS benefits until they are eligible for Social Security benefits, generally at age 62. At that time the CSRS benefit is offset by the portion of their Social Security benefit that represents the period of time they were covered by both CSRS and Social Security. FERS 1. The Federal Employees Retirement System (FERS) is a three-tiered plan consisting of Social Security, a basic FERS annuity and the Thrift Savings Plan. 2. Employees under FERS are covered by full Social Security taxes.
2 3. The basic FERS annuity is based on the employee s length of service and the high-3 average pay. For most employees, the formula for computing the annual annuity is 1% of average pay for each year of creditable service. 4. Employees may contribute up to the maximum IRS limits of their pay to the Thrift Savings Plan. These contributions are tax-deferred. The Government contributes 1% of pay and matches a portion of the employee s contributions. The maximum Government contribution is 5% of pay. Trans-FERS 1. Employees transferring to FERS from CSRS can take advantage of both retirement systems. These employees keep the benefits they already earned and build on them. 2. All CSRS service is creditable toward eligibility for death and disability benefits, as well as retirement, so that there is no gap in protection. 3. If the employee transfers, the past CSRS service and all future FERS service will be added together to determine retirement. Instead of the CSRS retirement rules, the employee will follow the FERS retirement rules. Survivor Benefits Benefit paid to an individual entitled to a benefit based on the service of a deceased federal employee or annuitant. Thrift Savings Plan A retirement savings plan and investment plan established by Congress in the Federal Employees Retirement System Act of 1986 to provide Federal employees savings and tax benefits similar to those offered by many private corporations. It is a defined contribution plan administered by the Federal Retirement Thrift Investment Board. CSRS employees can also contribute but receive no agency match. FEGLI 1. Federal Employees Group Life Insurance (FEGLI) program was established August 29, It is the largest group life insurance program in the world, covering several million Federal employees and retirees, as well as many of their family members. 2. FEGLI provides group term life insurance. As such, it does not build cash value or paid-up value. FEGLI consists of Basic life insurance coverage and several additional options that can be elected. In most cases, if you are a new federal employee, you are automatically covered by Basic life insurance and your payroll office automatically deducts premiums from your paycheck unless the coverage is waived. In addition to the Basic plan, there are three forms of optional insurance that can be elected. Basic insurance must be in effect in order to elect any of these additional options. Unlike Basic, enrollment in Optional insurance is not automatic, one must take action to elect these coverage s.
3 3. The cost of Basic insurance is shared between you and the Government. You must pay 2/3 of the total cost and the Government pays 1/3. Your age does not affect the cost of Basic insurance. You pay the full cost of Optional insurance, which cost is dependent on age. 4. The Office of Federal Employees Group Life Insurance (OFEGLI) is a private entity that has the contract with the Federal Government, which claims are processed and paid under FEGLI program. Frequently Asked Questions? TSP Is there a minimum age needed to participate in the catch-up program? Participants must be age 50 or older during the calendar year in which the catch-up contributions are made What are my withdrawal options? The TSP provides several ways to withdraw from your account: 1. A partial withdrawal of account in a single payment 2. A mixed withdrawal which is a full withdrawal of an account by any one, or combination, of the following methods: Single payment Series of monthly payments Life annuity Social Security What is the windfall provision? If you will receive a pension from a job where you did NOT pay Social Security taxes and have earned enough Social Security credits to be eligible for retirement or disability benefits, a modified formula may be used to calculate your benefit amount. This modified formula will lower your Social Security benefit, but will not affect existing pensions. How does an employee become eligible for social security benefits? 1. Through employment under Social Security before entering civil service. 2. While employed as a temporary employee, with deductions taken from pay for Social Security. 3. Through part-time employment under Social Security, while a full time career federal employee. 4. By operating a personal business apart from full time federal employment. 5. Through employment or self-employment under Social Security after retirement or separation from a civil service position. How much Social Security benefits can a divorced spouse receive? A person who is divorced after at least 10 years of marriage keeps certain benefit rights on their former spouse s Social Security record. In order to receive these benefits, a divorced spouse must be at least age 62 and the former spouse must be eligible for
4 benefits, but not necessarily receiving them. The maximum benefit is 50% of the benefit the worker would receive at full retirement age. However, benefits paid prior to full retirement age of the spouse are reduced based upon his/her age at the time benefits are received. FERS Are employees required to contribute to the basic annuity? Yes, automatic contributions of.8 percent of basic pay are made for all FERS employees to the retirement fund. Special group employees contribute ½ percent more. Is it to the employees advantage to make a FERS deposit? Generally, yes. Payment should be made if an employee will not receive credit for the periods of service in determining eligibility to retire or in computing the basic annuity. If a CSRS employee transfers to FERS, what happens to the CSRS service performed prior to the date of transfer? If the transferee has a CSRS component, all service included in the CSRS element is computed under CSRS general formula. A transferee has a CSRS factor if; He or she has five or more years of CSRS CSRS only service or a combination of CSRS CSRS only and FICA service CSRS Offset and CSRS interim service are not included in the CSRS component. Military service cannot be used to determine if a transferee qualifies as a CSRS service element. May an employee make a deposit after retirement? A deposit cannot be made after final adjudication of an annuity claim. However, an employee need not postpone filing an application for retirement because a deposit is due. OPM automatically contacts retirees who owe FERS deposits to advise on the amount of deposit due and the potential effect on their annuity if one elects not to pay the deposit amount. If a retiree wishes to make payment, he or she may do so at this time. When is an employee considered covered under the special group provisions of law enforcement officers and firefighters? An employee is covered under the special group provisions if he or she occupies a position classified as rigorous for at least 3 years. The employee may be transferred to an administrative or supervisory position in either law enforcement or firefighter functions and still be covered under special provisions. CSRS What is the CSRS Offset Plan? The CSRS Offset Plan is essentially the Civil Service Retirement System, modified for rehired employees who remain in CSRS, but who must be covered by Social Security. Who is covered by the Offset Plan? Employees rehired into Federal Service on or after January 1, 1984, who have break in covered service exceeding 1 year, and who meet one of the following tests:
5 Had a break in service after 1/31/86, had at least 5 years of creditable civilian service as of last break in service, and have at least 1 day covered by CSRS, or Had 5 years of creditable civilian service as of 12/31/86, regardless of leave after that date Are CSRS annuities adjusted for inflation after retirement? Retiree annuities are adjusted according to the Consumer Price Index (CPI) formula. If inflation, as measured by CPI, increases by 3 percent in one year, all CSRS retirees will receive a cost-of-living adjustment (COLA) in that amount. Do law enforcement officers, firefighters and air traffic controllers have mandatory retirement age? Yes, LEO or firefighters must retire at age 57 if they have 20 years of law enforcement/firefighter service. Air traffic controllers appointed by Department of Transportation after May 15, 1972 or appointed by Department of Defense after September 11, 1980, must retire at age 56. What happens when a special group employee does not meet the service requirement upon reaching the mandatory retirement age? A LEO or firefighters who have reached the mandatory retirement age without completing the 20 years of service may remain in their position until the service requirement is completed. (They must be separated no later than the end of the month in which the necessary 20 years of service is reached) However, an air traffic controller is subject to mandatory separation even if he or she has not acquired sufficient years of air traffic controller service to qualify for retirement under the special provisions. FEGLI What happens to my FEGLI coverage if I leave Federal employment and then decide to come back? Upon return to Federal employment after a break in service of less than 180 days, your human resources office will automatically enroll you in the same coverage that was held before departure of your prior position. In order to elect other coverage, standard qualifications will need to be met (open season, physical exam or life event). What is my life insurance is converted into a private plan when I leave Federal service? Any insurance product purchased under the conversion privilege is a private business transaction between you and the insurance company. The cost of the individual policy is determined by the insurance company and is based on your age and risk classification. If you return to Federal Service and previously converted your FEGLI coverage (including as a re-employed annuitant), you do not have to cancel your conversion policy. You can continue the conversion policy and have FEGLI coverage as an employee. What happens to my insurance when I go into a leave without pay status (LWOP)? Life insurance coverage continues for up to 12 months in a LWOP or non-pay status. You do not have to pay any premiums while you are on LWOP unless you are receiving benefits for the Department of Labor, Office of Workers Compensation Programs. The
6 life insurance ends at the end of the 12 months with a 31-day extension of coverage and a right to convert to an individual policy. What is the 31-day temporary extension of coverage? When life insurance is terminated, except when stopped voluntarily by cancellation, the coverage automatically continues for 31 days after the termination date. Premiums are not paid during this time. Can I convert Option C when I no longer have any eligible family members? No. Option C cannot be converted when family members lose eligibility. Option C can only be converted when you separate from service. If you do not want to convert the coverage when you separate, your family members covered under Option C are eligible to convert their coverage to an individual policy. Eligible family members can also convert their coverage upon your death.
CIVIL SERVICE RETIREMENT SYSTEM
CIVIL SERVICE RETIREMENT SYSTEM CSRS ELIGIBILITY TYPES OF RETIREMENT: AGE YEARS OF SERVICE OPTIONAL 55 30** 60 20 62 5 DISABILITY ANY 5 DEFERRED 62 5 EARLY OPTIONAL 50 20* (Agencies must have approval
More informationStudy Guide for 2011 ChFEBC Renewal Exam
Study Guide for 2011 ChFEBC Renewal Exam The 2011 ChFEBC Renewal Exam will be different from renewal exams in the past. It will include not only updates for 2011 but will also include questions from all
More informationFEDERAL RETIREMENT GUIDE PROVIDED BY THE NATIONAL POSTAL MAIL HANDLERS UNION LOCAL 304 ADMINISTRATION
FEDERAL RETIREMENT GUIDE PROVIDED BY THE NATIONAL POSTAL MAIL HANDLERS UNION LOCAL 304 ADMINISTRATION William H. McLemore III- Local President Rondal Pitcock- Indiana State Representative Rhonda Hinkle-Kentucky
More informationFEDERAL EMPLOYEE RETIREMENT GUIDE Chapter 1 Introduction and General Overview 10 Employee Responsibilities 10 Agency Responsibilities 10
TABLE OF CONTENTS Chapter 1 Introduction and General Overview 10 Employee Responsibilities 10 Agency Responsibilities 10 Chapter 2 What All Employees Need to Do Early in Their Careers 12 Knowing When You
More informationNote: The material in this publication is based on the law in effect at the time it went to publication.
Note: The material in this publication is based on the law in effect at the time it went to publication. Under the Balanced Budget Act of 1997, Public Law 105-33, for fiscal year 1998, employee retirement
More informationCONTENTS. Chapter 1 Introduction and General Overview... 1 Employee Responsibilities... 1 Agency Responsibilities... 1
CONTENTS Chapter 1 Introduction and General Overview... 1 Employee Responsibilities... 1 Agency Responsibilities... 1 Chapter 2 What All Employees Need to Do Early in Their Careers... 3 Knowing When You'll
More informationCHAPTER 15 RETIREMENT AND INSURANCE. (1) At least 5 years of creditable civilian service with the Federal Government.
CHAPTER 15 RETIREMENT AND INSURANCE 15-1. General. The purpose of this section is to provide information on the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS),
More informationYour FERS. Retirement
Your FERS Retirement Your FERS Retirement How to Prepare For It, How to Enjoy It By Edward A. Zurndorfer ABOUT THE AUTHOR Edward A. Zurndorfer is a retiree of the federal government and is currently the
More informationRetirement Facts 14. Law Enforcement and Firefighter CSRS Retirement
Retirement Facts 14 Law Enforcement and Firefighter CSRS Retirement The information in this publication is a nontechnical summary of the relevant laws and regulations dealing with the subject. It should
More informationQuestions and Answers on Benefits, Pay, and Leave Under Voluntary Early Retirement Authority (VERA)
Questions and s on Benefits, Pay, and Leave Under Voluntary Early Retirement Authority (VERA) NOTE: For more information related to any questions and answers presented in this document, you should review
More informationRetirement Overview. Civil Service Retirement System And Federal Employees Retirement System
Retirement Overview Civil Service Retirement System And Federal Employees Retirement System Felicia Walker Griffin Human Resources Specialist Civilian Personnel Advisory Center Agenda Civil Service Retirement
More informationJill Stetzer, CPLP Senior Human Resources Training Specialist. Tom Turner Senior Human Resources Specialist
Planning for Your FERS Retirement Jill Stetzer, CPLP Senior Human Resources Training Specialist Tom Turner Senior Human Resources Specialist U.S. District Court, U.S. Probation, & U.S. Pretrial Services
More information7/15/2013. Benefits. Annuity offering guaranteed lifetime retirement income with a survivor benefit annuity option. Employee Contributions
Injured Workers Retirement Options Presented by: Heather M. Nichol, HR Specialist Department of Veterans Affairs Heather.nichol@va.gov Objectives Ensure that employees have their rights preserved in the
More informationN I T P. Federal Benefits. National Institute of Transition Planning, Inc. Retirement Benefits Social Security Insurance TSP
N I T P National Institute of Transition Planning, Inc. Federal Benefits Retirement Benefits Social Security Insurance TSP Copyright 2017 NITP, Inc. www.nitpinc.com All rights reserved. No part of this
More informationRetirement Facts 12. Information About Reemployment for CSRS Annuitants
Retirement Facts 12 Information About Reemployment for CSRS Annuitants This is a non-technical summary of the laws and regulations on the subject. It should not be relied upon as a sole source of information.
More informationHow Does Divorce Impact Your Federal Employee Benefits?
[FROM FEDWEEK.COM: DIVORCE AND FEDERAL EMPLOYEE BENEFITS?] 1 How Does Divorce Impact Your Federal Employee Benefits? Divorce happens, including to federal employees and retirees. When it does, it affects
More informationFERS FACTS 1. Information for Separating FERS Employees Who Are Not Eligible for an Immediate Annuity. U.S. Office of Personnel Management
FERS FACTS 1 Information for Separating FERS Employees Who Are Not Eligible for an Immediate Annuity U.S. Office of Personnel Management RI 90-11 Revised August 2009 Previous edition is usable Additional
More informationQuestions and Answers on Benefits, Pay, and Leave Under Voluntary Early Retirement Authority (VERA)
Questions and s on Benefits, Pay, and Leave Under Voluntary Early Retirement Authority (VERA) The date above indicates the date that this document was reviewed and updated. Whenever this document is updated,
More informationFor Internal Use Only. CSRS/FERS Retirement & Benefits
CSRS/FERS Retirement & Benefits CSRS Eligibility AGE YEARS OF SERVICE 55 30 60 20 62 5 FERS Eligibility AGE YEARS OF SERVICE MRA 10 MRA 30 60 20 62 5 Minimum Retirement Age (FERS) IF YOU WERE BORN YOUR
More informationPhased Retirement. Gary Pugh Program Manager
Phased Retirement Gary Pugh Program Manager Agenda WHAT IS PHASED RETIREMENT? ELIGIBILITY REQUIREMENTS FOR PHASED RETIREMENT HOW TO APPLY FOR PHASED RETIREMENT TIME LIMITATION FOR PHASED RETIREMENT EFFECT
More informationWHEN DIVORCE HAPPENS Things to Think About A Guide for Human Resources Specialist and Employees
Reference Guide WHEN DIVORCE HAPPENS Things to Think About A Guide for Human Resources Specialist and Employees Defense Civilian Personnel Advisory Service Benefits and Work Life Programs Division Benefits
More informationBENEFIT GUIDE FOR ALL FEDERAL EMPLOYEES EDITION
EDUCATIONAL BENEFIT GUIDE FOR ALL FEDERAL EMPLOYEES 2017 EDITION National Association of FSA County Office Employees President Wes Daniels 5471 Smithboro Rd Mullins, SC 29574 843-774-5122 Office 843-430-2143
More informationQuestions and Answers on Benefits, Pay, and Leave Under Voluntary Early Retirement Authority (VERA)
Questions and s on Benefits, Pay, and Leave Under Voluntary Early Retirement Authority (VERA) Updated January 2018 The date above indicates the date that this document was reviewed and updated. The date
More informationRetirement Facts 11. Information for Separating CSRS Employees Who Are Not Eligible for an Immediate Annuity
Retirement Facts 11 Information for Separating CSRS Employees Who Are Not Eligible for an Immediate Annuity This is a non-technical summary of the laws and regulations on the subject. It should not be
More informationYour FERS. Retirement TAXATION OF FEDERAL RETIREMENT BENEFITS CHAPTER X: XXXXXXXX
Your FERS TAXATION OF FEDERAL RETIREMENT BENEFITS Retirement CHAPTER X: XXXXXXXX YOUR FERS RETIREMENT HOW TO PREPARE FOR IT, HOW TO ENJOY IT PLEASE READ THIS PUBLICATION IS PROTECTED BY COPYRIGHT LAW.
More informationSPOUSE BENEFITS TOP 10THINGS SHOULD KNOW ABOUT. A White Paper Re-Published from narfe Magazine
TOP 10THINGS SPOUSE SHOULD KNOW ABOUT BENEFITS A White Paper Re-Published from narfe Magazine National Active and Retired Federal Employees Association By Tammy Flanagan THE NEXT BEST THING to being a
More informationPhased Retirement: In Brief
name redacted Analyst in Income Security October 8, 2014 Congressional Research Service 7-... www.crs.gov R43755 Summary On July 6, 2012, P.L. 112-141, the Moving Ahead for Progress in the 21 st Century
More informationSEMINAR ATTENDING (City/State)
Helpful Sources of Data for Completing This Form: Employee Stated Data (ESD) Personal information provided. Leave and Earning Statement (LES) Log in to your account at https://www.employeeexpress.gov Thrift
More informationSpeeding the Retirement Journey
Speeding the Retirement Journey A NARFE Federal Benefits Institute Webinar Presented by Tammy Flanagan 1 Office of Personnel Management (OPM) 2016 Inspector General Report OPM is not responding to written
More informationReport for Congress Received through the CRS Web
Order Code RL30631 Report for Congress Received through the CRS Web Retirement Benefits for Members of Congress Updated September 26, 2002 Patrick J. Purcell Specialist in Social Legislation Domestic Social
More informationFERS. Documentation of Service. Annuity Estimates. Actions Necessary. Annuity Commencing Dates. Lump Sum Annual Leave Payments
FERS Retirement Process Documentation of Service Annuity Estimates Actions Necessary Annuity Commencing Dates Lump Sum Annual Leave Payments Submitting Your Application Cost of Living Adjustments (COLA)
More informationCSRS and FERS Overview 6/1/2016 1
CSRS and FERS Overview 2016 6/1/2016 1 Retirement System Civil Service Retirement System (CSRS) Federal Employees Retirement System (FERS) Hired on or after 01/01/84 CSRS Offset (CSRS and FICA coverage)
More informationCRS Report for Congress Received through the CRS Web
Order Code RL30631 CRS Report for Congress Received through the CRS Web Retirement Benefits for Members of Congress July 31, 2000 Patrick Purcell Specialist in Social Legislation Domestic Social Policy
More informationInformation for FERS Annuitants
Information for FERS Annuitants Federal Employees Retirement System (FERS) U.S. Office of Personnel Management RI 90-8 Revised December 2008 Previous edition is not usable We provide retirement information
More informationPersonal. Retirement Counseling
Helping you plan for your future Personal Retirement Counseling GRB provides one-on-one counseling to federal employees who are looking for support in understanding their federal benefits and guidance
More informationTABLE OF CONTENTS. FORMS CONTROL Page 1. MANAGEMENT SUPERVISORY RESPONSIBILITIES Page 1. EMPLOYEE RESPONSIBILITIES Page 3
TABLE OF CONTENTS FORMS CONTROL Page 1 MANAGEMENT SUPERVISORY RESPONSIBILITIES Page 1 EMPLOYEE RESPONSIBILITIES Page 3 EMPLOYEE ACCESS TO ABC-C Page 3 THRIFT SAVINGS PLAN A. TSP Open Season Page 4 B. TSP
More informationRetirement Benefits for Members of Congress
Katelin P. Isaacs Analyst in Income Security July 31, 2015 Congressional Research Service 7-5700 www.crs.gov RL30631 Summary Prior to 1984, neither federal civil service employees nor Members of Congress
More informationFERS FEDERAL EMPLOYEE RETIREMENT SYSTEM
FERS FEDERAL EMPLOYEE RETIREMENT SYSTEM Special Retirement Provisions for Fire fighters Taska Elin References United States Code: 5 U.S.C. 8401 (14); 8412(d); 8425 Code of Federal Regulations: 5 C.F.R.
More informationUnited States Office of Personnel Management. Retirement & Insurance Service. RI 84-2 Revised November 1997 Previous edition is usable
United States Office of Personnel Management Retirement & Insurance Service RI 84-2 Revised November 1997 Previous edition is usable Additional retirement information and all publications of the U.S. Office
More informationDetermine That You Are Eligible to Retire Under CSRS or FERS. The age and service requirements for immediate retirement under CSRS are at:
Determine That You Are Eligible to Retire Under CSRS or FERS Review Your eopf The age and service requirements for immediate retirement under CSRS are at: http://www.opm.gov/retirement-services/csrs-information/eligibility/
More informationInstructions for Completing Open Enrollment Form 2809
Instructions for Completing Open Enrollment Form 2809 Section Description Reference page for Important information to know for this section more details Part A Enrollee and Member Information 1 & 2 You
More informationRetirement and Survivor Annuities for Former Spouses of Federal Employees
Retirement and Survivor Annuities for Former Spouses of Federal Employees name redacted Analyst in Income Security April 7, 2014 Congressional Research Service 7-... www.crs.gov RS22856 Summary A former
More informationIntroduction Change to Lower Level Severance Pay and Discontinued Service Annuity Health Insurance Life Insurance...
Contents Introduction................................................ 3 Change to Lower Level...................................... 4 Severance Pay and Discontinued Service Annuity.............................................
More informationCSRS. Documentation of Service. Annuity Estimates. Actions Necessary. Annuity Commencing Dates. Lump Sum Annual Leave Payments
CSRS Retirement Process Documentation of Service Annuity Estimates Actions Necessary Annuity Commencing Dates Lump Sum Annual Leave Payments Submitting Your Application Cost of Living Adjustments (COLA)
More informationFederal Employee Benefits Analysis
Federal Employee Benefits Analysis September 8, 2010 Sample Analysis 1234 Main Street Any Town, US 54321 Note: This is an example only and formats will vary between individual retirement planners and based
More informationFederal Employees Retirement System: Benefits and Financing
Federal Employees Retirement System: Benefits and Financing Katelin P. Isaacs Analyst in Income Security February 21, 2012 CRS Report for Congress Prepared for Members and Committees of Congress Congressional
More informationFederal Employees Retirement System: Benefits and Financing
Federal Employees Retirement System: Benefits and Financing Katelin P. Isaacs Analyst in Income Security January 5, 2011 Congressional Research Service CRS Report for Congress Prepared for Members and
More informationCRS/FERS RETIREMENT SYSTEM HANDBOOK
American Postal Workers Union, AFL-CIO CRS/FERS RETIREMENT SYSTEM HANDBOOK Linda Turney Instructor Developed by the APWU Retirees Department Douglas C. Holbrook, Director Plan for Retirement It might seem
More informationFERS MRA Age and Service Requirements. Age Reduction. Examples. Annuity Factor Charts and Worksheets. Postponed Retirement Benefits
FERS MRA + 10 Retirement Age and Service Requirements Age Reduction Examples Annuity Factor Charts and Worksheets Postponed Retirement Benefits FEHB and FEGLI Coverage Survivor Benefits 2006, J.P.McGehrin
More informationSurvivor Benefits: Plan for the Future
Survivor Benefits: Plan for the Future A NARFE Federal Benefits Institute Webinar Presented by Tammy Flanagan 1 Different Decisions at Different Stages of Your Career: Employee Pre-retirement Post-retirement
More informationFederal Employees Retirement System: Budget and Trust Fund Issues
Federal Employees Retirement System: Budget and Trust Fund Issues Katelin P. Isaacs Analyst in Income Security June 13, 2013 CRS Report for Congress Prepared for Members and Committees of Congress Congressional
More informationAnnual Limit on Elective Deferrals
Annual Limit on Elective Deferrals Part I of this fact sheet describes the Internal Revenue Service (IRS) annual limit on elective deferrals (tax-deferred contributions from your pay) and explains how
More informationRetirement Benefits for Members of Congress
Order Code RL30631 Retirement Benefits for Members of Congress Updated October 28, 2008 Patrick Purcell Specialist in Income Security Domestic Social Policy Division Retirement Benefits for Members of
More informationFederal Retirement Handbook 1
www.federalhandbooks.com 2014 Federal Retirement Handbook 1 2014 Federal Retirement Handbook Published by Federal Handbooks FREE Federal Handbooks Since 2001 Copyright 2001-2014. Federal Handbooks, 7200
More informationNew Federal Employee Enrollment
Commandant United States Coast Guard New Federal Employee Enrollment As a new Federal civil service employee, there are some decisions you will need to make regarding your employment benefits. Most decisions
More informationLife s Events. A NARFE Guide for Federal Employees and Annuitants
Be Prepared For Life s Events A NARFE Guide for Federal Employees and Annuitants THIS BOOKLET IS INTENDED FOR USE AND REFERENCE BY CURRENT AND PROSPECTIVE NARFE MEMBERS. THE TOPICS COVERED INCLUDE: The
More information2018 Social Security Reference Guide
2018 Social Security Reference Guide TABLE OF CONTENTS Important Ages... 1 Full Retirement Age (FRA)... 1 Milestone Ages... 1 Retirement Benefits... 2 Requirements to Qualify for Social Security Retirement
More informationCRS Report for Congress
Order Code RL30023 CRS Report for Congress Received through the CRS Web Federal Employee Retirement Programs: Budget and Trust Fund Issues Updated May 24, 2004 Patrick J. Purcell Specialist in Social Legislation
More informationCost-of-Living Adjustments for Federal Civil Service Annuities
Cost-of-Living Adjustments for Federal Civil Service Annuities Katelin P. Isaacs Analyst in Income Security Updated October 11, 2018 Congressional Research Service 7-5700 www.crs.gov 94-834 Summary Cost-of-living
More informationCompensation, Relocation Benefits, and Reinstatement Policies for Career Employees in Transition: Q s and A s
Compensation, Relocation Benefits, and Reinstatement Policies for Career Employees in Transition: Q s and A s Publication 164 September 2007 Contents Introduction.................................. 1 Managing
More informationRetirement Benefits for Members of Congress
Katelin P. Isaacs Analyst in Income Security January 3, 2011 Congressional Research Service CRS Report for Congress Prepared for Members and Committees of Congress 7-5700 www.crs.gov RL30631 Summary Prior
More informationFederal Employees Retirement System: Budget and Trust Fund Issues
Federal Employees Retirement System: Budget and Trust Fund Issues Katelin P. Isaacs Analyst in Income Security March 24, 2014 Congressional Research Service 7-5700 www.crs.gov RL30023 Summary Most of the
More informationFederal Employees Retirement System: Budget and Trust Fund Issues
Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 9-27-2012 Federal Employees Retirement System: Budget and Trust Fund Issues Katelin P. Isaacs Congressional
More informationFederal Employees Retirement System: Budget and Trust Fund Issues
Federal Employees Retirement System: Budget and Trust Fund Issues Katelin P. Isaacs Analyst in Income Security September 27, 2012 CRS Report for Congress Prepared for Members and Committees of Congress
More informationApplying for Immediate Retirement Under the Federal Employees Retirement System
Applying for Immediate Retirement Under the Federal Employees Retirement System Do not use this pamphlet, or form SF 3107, FERS Application for Immediate Retirement, if you are applying for a deferred
More information580 Federal Employees Retirement System
Employee Benefits 580 581.4 Additional Material: References to additional material concerning the subject matter in some sections of this chapter are indicated in boxed sections identified as Reference
More informationRetirement Benefits for Members of Congress
Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 3-19-2014 Retirement Benefits for Members of Congress Katelin P. Isaacs Congressional Research Service Follow
More informationWikiLeaks Document Release
WikiLeaks Document Release February 2, 2009 Congressional Research Service Report RL30023 Federal Employee Retirement Programs: Budget and Trust Fund Issues Patrick Purcell, Domestic Social Policy Division
More informationCSRS ATC Benefits. CSRS ATC Agenda. CSRS ATC Annuity Benefit Voluntary Contribution Program Thrift Savings Plan Social Security
CSRS ATC Benefits All Right Reserved All the materials received from Snow Federal Seminars & ChFEBC, Inc. are the property of Snow Federal Seminars & ChFEBC, Inc. Copyright and other intellectual property
More informationRetirement Facts 2. Military Service Credit Under the Civil Service Retirement System
Retirement Facts 2 Military Service Credit Under the Civil Service Retirement System This is a non-technical summary of the laws and regulations on the subject. It should not be relied upon as a sole source
More informationFederal Employees Retirement System: Legislation Enacted in the 111 th Congress
Federal Employees Retirement System: Legislation Enacted in the 111 th Congress Patrick Purcell Specialist in Income Security November 12, 2009 Congressional Research Service CRS Report for Congress Prepared
More informationRetirement Facts 6. Early Retirement Under the Civil Service Retirement System
Retirement Facts 6 Early Retirement Under the Civil Service Retirement System This is a non-technical summary of the laws and regulations on the subject. It should not be relied upon as a sole source of
More informationDisability Retirement for Federal Employees
Katelin P. Isaacs Analyst in Income Security March 25, 2014 Congressional Research Service 7-5700 www.crs.gov RS22838 Summary Paid sick leave, disability retirement, or workers compensation may provide
More informationFederal Employees Retirement System: Budget and Trust Fund Issues
Federal Employees Retirement System: Budget and Trust Fund Issues Katelin P. Isaacs Analyst in Income Security August 24, 2015 Congressional Research Service 7-5700 www.crs.gov RL30023 Summary Most of
More informationFederal Employees Retirement System: Benefits and Financing
Cornell University ILR School DigitalCommons@ILR Federal Publications Key Workplace Documents 2-14-2012 Federal Employees Retirement System: Benefits and Financing Katelin P. Isaacs Congressional Research
More informationAnnual Limit on Elective Deferrals
Annual Limit on Elective Deferrals Part I of this fact sheet describes the Internal Revenue Code s (IRC) annual limit on elective deferrals (tax-deferred and Roth contributions from your pay) and explains
More informationNALC RETIREMENT MANUAL REVISED EDITION - JANUARY A Guide to Retirement for NALC Activists. William H. Young President. Donald T.
NALC A Guide to Retirement for NALC Activists William H. Young President Donald T. Southern Director of Retired Members RETIREMENT MANUAL REVISED EDITION - JANUARY 2006 Retirement Department National Association
More informationApplying for Immediate Retirement Under the Civil Service Retirement System
Applying for Immediate Retirement Under the Civil Service Retirement System This pamphlet is for you if you are currently a Federal employee covered by the Civil Service Retirement System (CSRS) and you
More informationStudy Guide for ChFEBC Renewal Exam
Study Guide for ChFEBC Renewal Exam The ChFEBC Renewal Exam will be different from renewal exams in the past. It will include not only updates but will also include questions from all sections of the ChFEBC
More informationWe provide retirement information on the Internet. You will find retirement brochures, forms, and other information at:
Do not use this pamphlet, or form SF 3107, FERS Application for Immediate Retirement, if you are applying for a deferred annuity. A deferred annuity begins more than 30 days after the date of final separation.
More informationSocial Security Simplified
Social Security Simplified A NARFE Federal Benefits Institute Webinar Presented by Tammy Flanagan 1 Sponsored by Audience Poll What do you think is the most complicated part of Social Security? A. Understanding
More information560 Civil Service Retirement Program
560 561.3 Additional Material: References to additional material concerning the subject matter in some sections of this chapter are indicated in boxed sections identified as Reference Notes. 561 General
More informationQ UESTIONS ANSWERS CIVIL SERVICE RETIREMENT SYSTEM
Q UESTIONS ANSWERS O N T H E CIVIL SERVICE RETIREMENT SYSTEM 2002 Dear NALC Member: As a letter carrier either about to retire or already retired, you may have questions regarding the Civil Service Retirement
More informationFederal Employees Retirement System: Summary of Recent Trends
Federal Employees Retirement System: Summary of Recent Trends Katelin P. Isaacs Specialist in Income Security February 2, 2018 Congressional Research Service 7-5700 www.crs.gov 98-972 Summary This report
More informationThis pamphlet provides an overview of benefits
FAS Employee s Guide Prepared by: Benefits and Entitlements Branch, March 2011 Field Advisory Service (FAS) Employees New To The Federal Government This pamphlet provides an overview of benefits Civilian
More informationRetirement. Facts 4. Disability Retirement Under the Civil Service Retirement System
CSRS Civil Service Retirement System Retirement Facts 4 Disability Retirement Under the Civil Service Retirement System United States Office of Personnel Management Retirement and Insurance Service The
More information63 rd Edition of the Federal Employees Almanac
63 rd Edition of the Federal Employees Almanac www.federalsoup.com The Analogy of a Physician HOW MANY PEOPLE DO NOT WANT TO RETIRE? HOW LONG DO YOU EXPECT TO LIVE ONCE YOU RETIRE? IRS Life Expectancy
More informationARLINGTON COUNTY EMPLOYEES RETIREMENT SYSTEM CHAPTER 46 MEMBERSHIP HANDBOOK
ARLINGTON COUNTY EMPLOYEES RETIREMENT SYSTEM CHAPTER 46 MEMBERSHIP HANDBOOK (Established for employees hired on or after 2/8/81) Revised 1/2011 (Includes changes to the code that were approved September
More informationCredit for Military Service Under Civilian Federal Employee Retirement Systems
Credit for Military Service Under Civilian Federal Employee Retirement Systems Katelin P. Isaacs Analyst in Income Security March 27, 2014 Congressional Research Service 7-5700 www.crs.gov R40428 Summary
More informationREFERENCE GUIDE. Fax-Back # For Additional Information: or DSN FAX: or DSN
FAS REFERENCE GUIDE Fax-Back #275 276 Prepared by: Benefits and Entitlements Team Updated December 1, 1998 For Additional Information: 703-696-6301 or DSN 426-6301 FAX: 703-696-4705 or DSN 426-4705 SOCIAL
More informationJanuary 9, 2009 MANAGERS, HUMAN RESOURCES (AREAS) MANAGERS, HUMAN RESOURCES (DISTRICTS) MANAGERS, PERSONNEL SERVICES
January 9, 2009 MANAGERS, HUMAN RESOURCES (AREAS) MANAGERS, HUMAN RESOURCES (DISTRICTS) MANAGERS, PERSONNEL SERVICES SUBJECT: Official Personnel Folder Documents This Memorandum of Policy (MOP) supersedes
More informationMember s Guide to: DROP. Deferred Retirement Option Plan.
Member s Guide to: DROP Deferred Retirement Option Plan www.op-f.org PLAN DEFERRED RETIREMENT DROP The Deferred Retirement Option Plan (DROP) is an optional benefit that allows eligible police officers
More informationService Officer Guide
Service Officer Guide FH-10 (04/16) Welcome, NARFE Service Officers FOREWORD This guide supports the men and women of NARFE who, as service officers, give of their time and effort to help members with
More information2003 Federal Retirement Handbook
2003 Federal Retirement Handbook Federal Handbooks, Inc. www.federalhandbooks.com 1 2003 Federal Retirement Handbook Published by Federal Handbooks, Inc. Author: Editorial Staff of Federal Handbooks, Inc.
More informationRetirement Myth Busting
Presented by: Retirement Myth Busting Fact or Fiction Tammy Flanagan Senior Benefits Director National Institute of Transition Planning, Inc. tflanagan@tammyflanagan.com I will never be able to retire
More informationCredit for Military Service Under Civilian Federal Employee Retirement Systems
Credit for Military Service Under Civilian Federal Employee Retirement Systems Katelin P. Isaacs Analyst in Income Security December 20, 2012 CRS Report for Congress Prepared for Members and Committees
More informationA Guide to Understanding Social Security Retirement Benefits
Private Wealth Management Products & Services A Guide to Understanding Social Security Retirement Benefits Social Security Eligibility Requirements Workers who pay Social Security taxes on their wages
More informationFederal Employees Retirement System (FERS) Overview
Army Benefits Center - Civilian Federal Employees Retirement System (FERS) Overview Updated 06/13/2014 1 INTRODUCTION ABC-C MISSION: We are a top performing, caring team of Civilian Human Resource professionals
More informationRetirements & Thrift Savings Plan
Retirements & Thrift Savings Plan Defense Finance and Accounting Service INDIANAPOLIS PAYROLL OFFICE Integrity - Service - Innovation Table of Contents Retirements Thrift Savings Plan (TSP) RCC and FERCCA
More informationApplying for Death Benefits Under the Federal Employees Retirement System
FERS Federal Employees Retirement System Applying for Death Benefits Under the Federal Employees Retirement System This pamphlet is for use by persons applying for benefits which may be payable under the
More information