Civilian Human Resources Agency. Army Benefits Center-Civilian. Excellence through Partnership

Transcription

1 1 Civilian Human Resources Agency Army Benefits Center-Civilian

2 2 Introduction Mission Statement: The Army Benefits Center - Civilian delivers quality service to all customers by providing the necessary tools and knowledge to manage their benefits and entitlements. We are a center of excellence for our dedicated employees, loyal customers and participating state and federal partners. We are committed to providing world class service by staying abreast of all changes in the Federal benefits arena.

3 3 Introduction continued ABC-C Service: Provide advisory services and process transactions for: Federal Employees Health Benefits (FEHB) Federal Employees Group Life Insurance (FEGLI) Thrift Savings Plan (TSP) Retirement (FERS & CSRS) Survivorship (Death Claim Processing)

4 4 ABC-C Systems Employee Benefits Information System (EBIS) Web Based Customer friendly Available 24 hours a day (with CAC access) Secure Site Requires use of SSN and PIN Ability to read at convenience and print screens Can process benefit transactions without specialist assistance Ability to print benefit forms Estimate calculators (uses LV SCD Only) ABC-C Website:

5 5 ABC-C Systems Telephone Lets you connect with an actual person (Specialist) Available to those without computer access Specialists are available 10 hours per day, Monday through Thursday, except Federal Holidays (7 a.m. to 5 p.m. Central Time) ABC-C toll-free telephone number is Queue asks for SSN or EDIPI number, but also can choose Option #1 for Department of the Army personnel

6 6 ABC-C Systems EBATS Employee Benefit Automated Tracking System Allows you to track your actions at ABC-C

7 7 ABC-C Systems EBATS

8 Retirement Timeliness FY 2017 Total: ,553 16% FY 2017 (1 Oct Sep 2017) MET NOT MET > 60 DAYS 62 2% DAYS 62 3% 8,241 84% DAYS % 1-15 DAYS % ON OR AFTER 92 6% 0 0% Goal: Complete retirement packets NLT 5 working days prior to DOR % % % % 8

9 9 Continuing Challenges Late / Past Due retirement applications Incomplete retirement applications per BAL Military Deposits processed incorrectly prior to retirement Federal Erroneous Retirement Coverage Corrections Act (FERCCA)

10 10 On the Horizon YouTube Videos for retirement New and updated EBIS Phased Retirement Growing Service Population

11 11 Any Questions?

12 12 Retirement Planning

13 13 Retirement Planning Early Career: 25 + years to retirement Mid Career: Contribute to TSP Enroll in benefits (FEHB, FEGLI, FEDVIP, FSA, FLTCIP) Pay civilian & military deposits New Employee Orientation briefing years to retirement Adjust benefits based on life situation Review level of TSP participation & allocation between the funds

14 14 Retirement Planning Late Career: Less than 10 years prior to retirement: Use calculators in EBIS to get a rough estimate of annuity Determine income needed in retirement using the Federal Ballpark E$timate calculator Adjust TSP contributions & other savings based on results from calculators Five years to retirement: Verify eligibility to continue FEHB & FEGLI into retirement Request a retirement estimate Maximize TSP contributions & other savings

15 15 Retirement Planning Links Federal Ballpark Estimate: Retirement information & services provided by OPM: U.S. Financial Literacy Education Commission website: Army Benefits Center Civilian EBIS:

16 16 FERS New employees first hired in covered position on and prior to Contribute 1.3% of salary to FERS FERS-Revised Annuity Employees (FERS-RAE) New employees first hired in covered position on and prior to Contribute 3.6% of salary to FERS FERS-Further Revised Annuity Employees (FERS-FRAE) New employees first hired in covered position on/after Contribute 4.9% of salary to FERS

17 17 SRC Employees Positions must be officially approved for SRC by the appropriate approval authority as follows: Requires primary or secondary approval for SRC by the Under Secretary of Defense (Personnel and Readiness) Firefighters (FF) Law Enforcement Officers (LEO) Requires approval for SRC by the Assistant Secretary of the Army (Manpower and Reserve Affairs) Air Traffic Controllers (ATC)

18 18 FERS Contributes to Social Security New & rehired FERS automatically contribute 3% to TSP New employees are automatically enrolled in Life Cycle Funds Default Fund For those born Expected TSP Payout L Income 1953 or earlier Before 2017 L L L L or later 2045 or later

19 19 FERS Can contribute up to IRS limit ($18,500 for 2018) to TSP, receive agency matching of 5% if you contribute at least 5% of your salary Automatic 1% contribution regardless of your TSP contribution rate First 3% of your contributions are matched dollar-for-dollar Next 2% will be matched at 50 cents on the dollar

20 20 CSRS Interim SRC Civil Service Retirement System Interim Employees first hired on/after & certain rehires Reduced CSRS contribution rate of 1.8% (for LEO and FF) Reduced CSRS contribution rate of 1.3% (for ATC) Contribute to Social Security On , employees with CSRS Interim coverage changed to: CSRS Offset if you had at least 5 years of potentially creditable civilian service FERS if you had less than 5 years of potentially credible civilian service

21 21 CSRS Component If you have civilian service prior to your election of FERS, and The service was subject to CSRS retirement deductions, or Social Security deductions, but not both, and The total of these 2 types of service is 5 or more years, then This period of service is called a CSRS component, and that portion of your retirement annuity, or civilian deposit, etc. will be calculated using CSRS rules (If you have less than 5 years, the service is creditable under FERS rules)

22 22 FERS FERS is a 3-tiered retirement system FERS annuity (pension) is the smallest component TSP is expected to make up the largest portion of your total retirement FERS Annuity (Possible FERS Annuity Supplement up to age 62) Social Security Thrift Savings Plan

23 23 RSCD Retirement Service Computation Date Used to determine retirement eligibility and to calculate retirement annuity (Pension) May not be the same as your Leave SCD (SCD that appears on your SF 50 & LES) Not all service that is creditable for leave is creditable for retirement

24 24 RSCD Examples of service that is creditable for leave but not for retirement: Non-Appropriated Fund (NAF) service on a temporary appointment For retired military, campaign or combat service if retired military pay is not being waived Military service for which deposit has not been paid Non Deduction Service performed on/after

25 25 FERS Firefighter (FF) Definitions An employee in a position whose duties are primarily to perform work: Directly connected with the control and extinguishment of fires Includes an employee who moves directly from a primary firefighter position to a secondary position and meets transfer requirements Does not include: An employee whose primary duty is the performance of routine fire prevention inspections The maintenance and use of firefighting apparatus and equipment

26 26 Primary/Rigorous Positions Defined (FF) Rigorous position means a position whose duties are so rigorous that employment opportunities should, as soon as reasonably possible, be limited (through establishment of MEA and physical qualification) to young and physically vigorous individuals whose primary duties are to perform work directly connected with controlling and extinguishing fires.

27 27 Secondary Positions Defined (FF) Secondary duties are: In the firefighting field; in an organization having a firefighting mission; -and- In either: Supervisory a position whose primary duties are those of a first-level supervisor of firefighters in primary positions; or Administrative an executive, managerial, technical, semi-professional, or professional position for which experience in a primary firefighting position, or equivalent experience outside the Federal Government, is a mandatory prerequisite

28 28 FERS Primary/Rigorous LEO Definitions Rigorous position means a position whose duties are so rigorous that employment opportunities should, as soon as reasonably possible, be limited (through establishment of MEA and physical qualification) to young and physically vigorous individuals whose primary duties are investigating, apprehending, or detaining individuals suspected or convicted of offenses against the criminal laws of the United States or protecting the personal safety of United States officials.

29 29 Not Included in LEO Definitions Does not include: An employee whose primary duties involve maintaining law and order, protecting life and property, guarding against or inspecting for violations of law, or investigating persons other than persons who are suspected or convicted of offenses against the criminal laws of the United States

30 30 Detention Duties Definitions To qualify for SRC, detention position duties must require Frequent direct contact in the detention, direction, supervision, inspection, training, employment, care, transportation, or rehabilitation of individuals suspected or convicted of offenses against the criminal laws of the United States or the District of Columbia, or offenses against the punitive articles of the Uniform Code of Military Justice. Frequent direct contact means personal, immediate, and regularly assigned contact with detainees, while performing detention duties that are repeated and continued over a typical work cycle.

31 31 Secondary Position Coverage (LEO) Secondary duties are: In the law enforcement field; In an organization having a law enforcement mission; and in either: Supervisory a position whose primary duties are those of a firstlevel supervisor of law enforcement officers in primary positions; or Administrative an executive, managerial, technical, semiprofessional, or professional position for which experience in a primary law enforcement position, or equivalent experience outside the Federal government, is a mandatory prerequisite

32 32 FERS ATC Definitions (1) Must be actively engaged in Air Traffic Control or Airport Advisory Services. -- OR -- (2) First-line supervisor of the above employees. -- OR -- (3) Second-line supervisor of above. ATC positions are not designated as primary or secondary; thus, there are no transfer requirements to be met. ATCs must be full-time permanent!!

33 33 Civilian Deposit / Redeposit

34 34 Deposit Service Any period of potentially creditable service during which retirement deductions are not withheld: Generally, non-career time such as temporary or indefinite service Also known as non-deduction service Service that is now considered Federal employment, due to a change in the law that allows credit for retirement annuity computation purposes (Peace Corps, VISTA)

35 35 Deposit Service Amount of deposit: 1.3% of earnings + interest (3% of stipend for Peace Corps and VISTA) Interest will vary by the date the service was performed FERS with CSRS component, CSRS rules apply FERS with no CSRS component, FERS Rules apply

36 36 Deposit Service Non-Deduction Service prior to Deposit Made Deposit Not Made Credit for eligibility (RSCD) and Annuity Computation No credit for eligibility (RSCD) and Annuity Computation

37 37 Deposit Service Non-Deduction Service on or after DEPOSIT NOT ALLOWED No credit for Eligibility or Annuity Computation

38 38 Redeposit Service What is redeposit service? A sum of money paid into the Retirement System by an employee or survivor to cover a period of service during which deductions were withheld but later refunded. Cost is the amount of refund plus interest Note: FERS with CSRS component, CSRS rules apply FERS with no CSRS component, FERS rules apply

39 39 Redeposit Service Refunded FERS Service Redeposit Made Redeposit Not Made Credit for eligibility (RSCD) and Annuity Computation Credit for eligibility (RSCD) only, but No Credit in Annuity Computation

40 Interest Rates YEAR RATE YEAR RATE YEAR RATE YEAR RATE YEAR RATE % % % % % % % % % % % % % % % 1.625% % % % % % % % % % % % % % % % % % Before % 4%

41 41 Paying Deposit / Redeposit Complete front page of the SF 3108, Application to Make Deposit or Redeposit (FERS), sign it, and send to the ABC-C ABC-C will calculate an estimated deposit/redeposit amount and send to OPM OPM will notify employee of final deposit/redeposit amount and payment procedures Ensure notice of Payment in Full is filed in eopf More information is available on the ABC-C website at:

42 42 Deposit or Redeposit General Information If you have already submitted a civilian deposit or redeposit and do not remember how much you still owe: scbillings@opm.gov You will need to include your CSD number If you need proof your civilian deposit or redeposit is already paid in full, then screceipts@opm.gov You will need to include your CSD number

43 43 Military Deposit Military Buyback / Post 56

44 44 Military Deposit Title 10 Service called to service by the President (Active Duty or Reserve Time) Title 32 Service service under the State (Service Schools, NCO and Officer Courses usually fall under Title 32). Not creditable unless under USERRA Law Must be Honorable DD 214 with character of service Mil Orders MUST be accompanied by statement of service which reflects character of service and time lost

45 45 Pre 1 Jan 1957 Service No deposit required for creditable military service performed prior to 1 January 1957

46 46 Military Deposit IN RECEIPT OF MILITARY RETIRED PAY Based on Non Combat Disability or Length of Service Based on Combat Disability or Chapter 1223, Title 10 (Reserves) No Credit unless military retired pay is waived & deposit is paid Must pay to receive credit for eligibility (RSCD) & annuity computation

47 47 Military Deposit Military Service on/after Must pay to receive credit for eligibility (RSCD) & annuity computation Amount of Deposit: 3% of basic pay earned + interest (2 years interest free) (Interest will vary)

48 48 USERRA Uniformed Services Employment and Reemployment Rights Act Title 10/Title 32 Service that Interrupts Civilian Service Deposit Made Deposit Not Made Credit for eligibility (RSCD) and Annuity Computation No credit for eligibility (RSCD) or Annuity Computation

49 49 USERRA Amount of the Deposit Lesser amount of the two: 3% of basic pay earned + interest (2 years interest free) OR What your FERS contributions would have been for the civilian service if you had not entered into the military + interest (2 years interest free) Interest varies

50 50 Paying Military Deposit Complete RI 20-97, Estimated Earnings During Military Service, and send to the appropriate branch of service (addresses are on the ABC-C website). Include copies of all of your DD 214s with character of service. Upon receipt of estimated earnings (ensure dates are correct), include your DD 214, SF 3108 page 1 and forward to ABC-C. The ABC-C will calculate an estimate of the deposit owed and forward to DFAS. DFAS will finalize amount and advise employee of payment options. Request/Receive Paid in Full letter, and place in eopf Military deposits must be paid in full prior to separation. More Information is available at:

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54 54 Retirements

55 55 Retirement Eligibility FERS (FF/LEO) Optional Retirement Eligible at Age 50 w/20 years -Or- Any Age w/25 years Mandatory Retirement Age 57 w/20 years Must be separated on the last day of the month in which he/she reaches age 57 or completes 20 years of SRC service if over that age

56 56 Transfer Requirements FERS (FF/LEO) Employee must have 3 years of service in a primary position; While covered under the special provision, moves directly (that is, without a break in service exceeding 3 days) from a primary position to a secondary position; If applicable, has been continuously employed in a secondary position or positions since moving from a primary position without a break in service exceeding 3 days

57 57 FERS ATC Transfer Requirements ATC positions are not designated as primary or secondary; thus, there are no transfer requirements to be met. ATCs must be full-time permanent!!

58 58 Retirement Eligibility FERS (ATC) Optional Retirements Eligible at Age 50 w/20 years -Or- Any Age w/25 years Mandatory Retirement Age 56 w/20 years Must be separated on the last day of the month in which he/she reaches age 56 or completes 20 years of SRC service if over that age

59 59 Mandatory Separation/Retirement Employee receives notice of separation at least 60 days prior to the Mandatory Retirement Date (MRD) If issued later than 60 days prior to MRD, employee must still be given 60 days before separation Not an adverse or removal action and is not appealable Potentially creditable civilian service counts toward determining the 20 years for mandatory separation, regardless of whether deposit/redeposit is paid Must still submit retirement application and all related forms to the ABC-C Retirements effective prior to the MRD will be a Voluntary Retirement Retirements effective on the MRD will be a Mandatory Retirement Type of retirement may impact potential eligibility for unemployment compensation (UC) Employees meeting age and length of service for SRC retirement may move to non- SRC position to avoid mandatory separation and will retain eligibility for SRC retirement once they are ready to retire

60 60 Waiver of Mandatory Separation/Retirement Command may submit a request to waive mandatory separation for an employee Submit 1 year in advance (must be approved prior to DOR) Based on command need, not on employee s wish to remain onboard FF/LEO The Secretary of Defense has the authority to waive mandatory separation for a FF or LEO until age 60 if in the public interest. Within DoD, this authority has been delegated to the Assistant Secretary of the Army (Manpower and Reserve Affairs) The OPM has the authority to waive mandatory separation once a FF or LEO reaches age 60. This authority has NOT been further delegated ATC The Secretary of Defense has the authority to waive mandatory separation for ATCs having exceptional skills and experience as a controller until age 61. Within DoD, this authority has been delegated to Army Commands, Army Service Component Commands, and Direct Reporting Units The OPM has the authority to waive mandatory separation once an ATC reaches age 61. This authority has NOT been further delegated

61 61 Disability Retirement Disability Unable to render useful and efficient service because of disease or injury Must be in a position covered by FERS Minimum of 18 months creditable civilian service Disability annuity IS subject to Federal tax

62 62 Disability Annuity Amount If under age 62 at separation: First 12 Months: 60% x high 3 salary 100% of Social Security Benefits After 12 Months: 40% x high 3 salary 60% of Social Security Benefits Disability annuity is recomputed at age 62 to an amount that represents the annuity you would have received if you had continued working until the day before your 62 nd birthday and then retired under non-disability provisions

63 63 Disability Annuity Amount You will receive an earned annuity based upon the general FERS computation formula as opposed to disability calculation if: You are 62 years old or older Meet the age and service requirements for regular, unreduced immediate retirement (MRA with 30 years, age 60 with 20 years)

64 64 Disability / Death Benefits FF/ LEO/ ATC DISABILITY: If an SRC employee retires from an approved SRC position, the 1.7% calculation will be used in the recalculation of the earned annuity benefit at age 62 DEATH-IN-SERVICE: The benefit is calculated using the actual years of service (to include the enhanced benefit for SRC employees) NOTE BAL Disability and Death SRC annuity calculation for FF/LEO

65 65 Disability Retirement Not eligible for a FERS annuity supplement Required to apply for Social Security Benefits Submit all forms for regular retirement Plus: SF 3112A Applicant s Statement of Disability SF 3112B Supervisor s Statement SF 3112C Physician s Statement SF 3112D Agency Certification of Reassignment and Accommodation Efforts FedMER Eligibility Statement

66 66 Phased Retirement Department of the Army is waiting for further guidance Phased retirement is not an employee entitlement Written agreement between employee, supervisor and authorizing official Basic Requirements: 55 with 30 years of service 60 with 20 years of service Must have been a full-time employee 3 years preceding phased retirement

67 67 FERS Annuity Supplement An estimated amount of Social Security benefits earned during FERS service Benefits paid until age 62 to certain FERS employees who retire before age 62 and are entitled to an immediate annuity Duration of annuity supplement: Payable through the earlier of the following dates: Last day of the month you become age 62 or; Last day of the month before the first month you are entitled to Social Security benefits

68 68 FERS Annuity Supplement Eligibility: Has at least 1 calendar year of FERS service AND Retires with an immediate annuity At or after MRA under VERA / DSR Under Special Provisions (i.e. MRT, FF, LEO, ATC) Not eligible: Disability retiree MRA+10 Deferred Retiring at age 62 or older CSRS

69 69 FERS Annuity Supplement Supplement is tested for earning above the Social Security exempt amount ($17,040 for 2018) Earnings include wages and self-employment income Income from severance pay (including VSIP), pensions, savings and investments are NOT subject to the earnings test Annuity supplement will be offset by $1 for every $2 over this amount

70 70 Retirement Forms SF 3107, Application for Immediate Retirement Copy of marriage certificate, if married SF 3107, Schedule A, Schedule B, Schedule C SF , Spousal Consent for Survivor Election SF 2818, Continuation of Life Insurance Coverage W-4P and State Tax withholding forms DD 214, Report of Separation from Active Duty Proof of military and civilian deposits Written notice of proposed involuntary separation (DSR) VSIP agreement (if applicable)

71 71 Unused Sick Leave Must retire on an immediate annuity or postponed annuity Added to length of service for computation purposes only Additional time computes on the basis of a 2087 hour work year May increase survivor annuity For individuals who have transferred to FERS with a CSRS component, only the sick leave not included in the CSRS part of the calculation will be available under FERS.

72 72 Firefighter Sick Leave Conversion To convert the FF sick leave balance to a regular sick leave balance, multiply the FF sick leave by 40, divide that number by the number of hours in the FF weekly tour of duty: Example: Sick leave balance = 1422 hours and Weekly tour of duty = 72 hours 1422 hrs X 40 = 56,880 56, = 790 converted sick leave 790 hours = 4 months 17 days

73 73 LEO/ATC Sick Leave Unused sick leave will be calculated using the 40 hour work week There is no conversion required for LEO/ATC employees

74 DAYS 1 Day 1 Month 2 Months 3 Months 4 Months 5 Months 6 Months 7 Months 8 Months 9 Months 10 Months 11 Months Sick Leave Chart

75 75 Example Computing Total Service with unused sick leave TOTAL SERVICE (DOR) (Ret-SCD) Unused Sick Leave 1136 hours = =

76 76 High-3 Average Salary Weighted average of highest 3 years of basic pay (including locality pay / local market supplement) Must be 3 consecutive years Usually the last 3 years, but not always Is the highest salary, not the highest grade Normally, the beginning date of the 3 year period is determined by subtracting 3 years from the date of retirement

77 77 High-3 Average Salary Computation (FF) Unusual Tour To calculate the basic pay for an unusual work schedule (at least 53 hours per week): Divide the Basic Pay + Locality (Adjusted Basic Pay) by 2756 to compute an hourly rate Multiply the hourly rate by biweekly tour of duty (i.e., 106 or 144) to find the regular pay per pay period Multiply the regular pay per pay period by 26 to compute the basic pay for retirement and FEGLI

78 78 High-3 Average Salary Computation (FF) Unusual Tour Example: Biweekly tour of duty = 144 Basic Pay + Locality = $40,770 $40, = $14.79 per hour $14.79 x 144 (biweekly tour) = $2, $2, x 26 = $55, (basic pay for retirement and FEGLI)

79 79 High-3 Average Salary Computation (FF) Embedded Tour To calculate the basic pay for a sustained 40-hour week (embedded tour): The first 80 hours are computed based on a 2087-hour work year Additional hours are calculated using a 2756-hour work year

80 High-3 Average Salary Computation (FF) Embedded Tour Divide basic pay + locality by 2087 to compute hourly rate. Multiply this hourly rate by 80 to find the regular pay per pay period Divide basic pay + locality by 2756 to compute the stand-by rate. Multiply this stand-by rate by the number of hours worked in excess of 80 hours Add the regular pay to the stand-by pay and multiply by 26 to compute the pay for retirement and FEGLI 80

81 81 High-3 Average Salary Computation (FF) Embedded Tour Example: Biweekly tour of duty = 112 Basic Pay + Locality = $50,174 $50, = $24.04 per hour $24.04 x 80 (biweekly tour) = $1, $50, = $18.21 per hour $18.21 x 32 (stand-by hours) = $ $1, $ = $2, $2, x 26 = $65, (basic pay for retirement and FEGLI)

82 82 FERS Law Enforcement Annuity Computation Administratively Uncontrollable Overtime (AUO) Law Enforcement Availability Pay (LEAP) Biweekly Cap on Premium Pay

83 83 Administratively Uncontrollable Overtime (AUO) 10-25% pay supplement For irregularly scheduled overtime Considered part of basic pay only for LEOs Subject to a pay cap Paid to Border Patrol Agents and certain employees of Homeland Security No longer paid to Criminal Investigators or LEO (replaced by LEAP in 1995)

84 84 Administratively Uncontrollable Overtime (AUO)

85 85 Law Enforcement Availability Pay (LEAP) Unscheduled Duty consists of those hours when a Criminal Investigator performs work, or is determined by the agency to be available to perform work, that is not part of the Criminal Investigator's basic 40-hour workweek and are not regularly scheduled overtime hours, excluding the first 2 hours of overtime work on a basic workday Considered part of basic pay for retirement for Criminal Investigators (1811) occupying positions approved for primary or secondary SRC

86 86 Law Enforcement Availability Pay (LEAP) Substantial Hours Requirement A Criminal Investigator is eligible for availability pay only if he/she has an annual average of 2 or more hours of unscheduled duty per regular workday Regular Workday Includes each day in the Criminal Investigator's basic workweek in which the Criminal Investigator completes at least 4 hours of work. Hours that do not count include overtime hours, unscheduled duty hours, hours when the employee is traveling outside the official duty station, hours of approved leave, holiday hours, and hours of excused absence

87 87 Law Enforcement Availability Pay (LEAP) By law, availability pay is fixed at 25 percent of a Criminal Investigator's rate of basic pay (including locality pay) Biweekly maximum earnings limitations apply Availability pay shall be treated as part of basic pay for: Workers Compensation under 5 U.S.C. 8114(e) Retirement benefits under 5 U.S.C. 8331(3) TSP under 5 U.S.C Group Life Insurance under 5 U.S.C. 8704(c)

88 88 Law Enforcement Availability Pay (LEAP)

89 89 Biweekly Cap on Premium Pay Premium pay must not cause the aggregate of basic pay and premium pay to exceed the greater of: The maximum rate of basic pay payable for GS-15 or The rate payable for level V of the Executive Schedule

90 90 Biweekly Cap on Premium Pay Step 1: Go to OPM.gov and click on the A-Z index. Click P and then find and click on Pay Administration.

91 91 Biweekly Cap on Premium Pay Step 2: Under Pay & Leave Administration on the left side of the page, click Salary and Wages.

92 92 Biweekly Cap on Premium Pay Step 3: On the right under Related Information click Duty Station Locator (You will be leaving OPM.gov)

93 93 Biweekly Cap on Premium Pay Leaving OPM.gov

94 94 Biweekly Cap on Premium Pay Step 4: Under Data Analyst Documentation Duty Station Locator System, click Search Duty Station by Code.

95 95 Biweekly Cap on Premium Pay Input the nine digit Duty Station Code located on the SF 50, Block 38

96 96 Biweekly Cap on Premium Pay SF 50, Block 38

97 97 Biweekly Cap on Premium Pay LEAP Availability area will be shown

98 98 Biweekly Cap on Premium Pay Step 5: Go back to OPM.gov click on A- Z index and then click on P. Biweekly Pay Caps will be right under Pay Administration.

99 99 Biweekly Cap on Premium Pay Step 6: You will be on the Biweekly Caps on Premium Pay page. Scroll down to the locality pay areas or click on the needed year(s) on the right side of the page.

100 100 Biweekly Cap on Premium Pay Locality Pay Area

101 101 Biweekly Cap on Premium Pay Locality Pay Area Continued

102 102 Annuity Computation - ATC FERS ATC s receive 1.7% x Hi-3 Average Salary x total years of ATC service (maximum of 20 years) Service above 20 years is calculated at the standard FERS rate of 1% per year x Hi-3 average salary Enhanced Benefit: To qualify for the enhanced benefit ATC s must retire at or after MRA with 30 years of service; must have a minimum of 5 years of their qualified ATC service Enhanced benefit will be 1.7% for the qualified ATC service (Cola will not begin until age 62 under enhanced)

103 Reductions & Deductions Reductions Age Reduction (VERA/DSR) Deposit/Redeposit Service Election of Survivor Benefits Post-56 Military Deposit (Applies to CSRS Employees hired before , if eligible for Social Security; known as Catch 62 ) Deductions Health Benefits Life Insurance Federal Income Taxes Federal Employees Dental and Vision Insurance Program (FEDVIP) Federal Long Term Care Insurance Program (FLTCIP) State Tax (if applicable) 103

104 104 Survivor Elections

105 105 Predetermination Divorce Decree Predetermination You can send your divorce decree to OPM to get a predetermination of your benefits for your ex-spouse Send to: Office of Personnel Management (OPM) Court Ordered Benefits Branch P.O. Box 17 Washington, D.C., 20044

106 106 Survivor Benefit Cost / Reduction Full/Max (50%) = 10% of annuity Partial (25%) = 5% of annuity Example: Maximum (50%) elected Basic Annuity = $12,000 $12,000 x 10% = - 1,200 yearly cost After Reduction = $10,800 yearly annuity Survivor will receive 50% of annuity = $6,000 Example: Partial (25%) elected Basic Annuity = $12,000 $12,000 x 05% = yearly cost After Reduction = $11,400 yearly annuity Survivor will receive 25% of annuity = $3,000

107 107 Survivor Benefit Payments The survivor benefit is payable for life unless the survivor remarries before the age of 55 Benefits will be restored if the remarriage terminates in death, annulment or divorce

108 108 Death-In-Service If you die while still an active employee, your survivor MAY be entitled to death benefits In the event of your death, your supervisor needs to contact your servicing Human Resource (HR) Representative or Human Resource Officer (HRO) HR will contact ABC-C An ABC-C specialist will contact the survivor within 24 hours

109 109 Death Benefits Spousal Benefits Monthly annuity (survivor benefits) payable if married to employee at least 9 months and had at least 10 years of creditable civilian service. EXCEPTIONS to the 9 months of marriage requirement: Spouse is the parent of a child of the marriage, or Death was accidental

110 110 Death Benefits Children s Benefits Children s Benefits are payable if: The child is unmarried AND under age 18, or Under age 22 if full-time student, or Any age if disabled before age 18 Children s Benefits are the same if death-in-service or death as an annuitant

111 111 Death Benefits Up to 3 children if a parent is living 2018 rate is $522 per month per child More than 3 children, $1,566 divided by the # of children Up to 3 children if no living parent 2018 rate is $627 per month per child More than 3 children, $1,881 divided by # of children

112 Beneficiary Beneficiary Forms: SF 1152 (Unpaid Comp) SF 2823 (FEGLI) SF 3102 (FERS) TSP 3 (TSP) Order of Precedence: Court Order Designation of Beneficiary Widow or Widower Children (and/or descendants of deceased children) Parents Executor or Administrator of Estate Next of Kin 112

113 113 COLA Cost of Living Adjustments Annual rate based upon rise in Consumer Price Index (CPI) Increase in CPI Amount of COLA Up to 2% Effective 1 Dec each year Full CPI 2% - 3% 2% 3% or more CPI 1% Payable in Jan (1/12 th of COLA for each month) Must be 62 or older to receive Disability annuitants and survivors receive COLA at any age The COLA for 2018 is 0.2%

114 114 NAF Non-Appropriated Fund Retirement Processing NAF Retirement System Contact nearest NAF Office FERS Retirement Plan Contact the ABC-C

115 115 Important!!! If you are retiring and immediately being hired by NAF, transferring to other Federal employment, or being rehired as a reemployed annuitant, you must notify the ABC-C before your retirement is processed. This should prevent erroneous payout of your lump sum annual leave

116 116 FEHB Federal Employees Health Benefits Self Only Self & Family Self Plus One Additional Information: OPM Telephone:

117 117 FEHB Continuation into Retirement Retire on an immediate annuity Be insured on the date of retirement Be covered for the 5 years of service prior to retirement or since your FIRST opportunity to enroll (special rules for VERA and DSR, see next slide) Coverage as a family member under FEHB or TRICARE counts toward the 5 year requirement (employee must be enrolled in FEHB prior to retirement)

118 118 FEHB Pre-approved automatic waiver of 5-year requirement: Must be enrolled in FEHB on the first day of the buyout period (October 1 of the current FY) and Retire during the buyout period; and Receive a buyout (VSIP); or Take early optional retirement (VERA) as a result of early-out authority; or Take a DSR based on involuntary separation due to reduction-in-force

119 119 FEHB Cost of FEHB is the same for retirees and active employees except that premiums are paid on a monthly vs bi-weekly basis Same Open Season and qualifying life event (QLE) opportunities as active employees Same FEHB plans available Once you cancel FEHB in retirement, you can never re-enroll Retirement is not a QLE for changing your FEHB enrollment At age 65, enrollment in Medicare is optional, however, if enrolled in Medicare it becomes your primary and FEHB becomes secondary

120 120 FEHB Retirees can suspend FEHB for TRICARE, Medicaid (or similar state sponsored program) or Medicare Advantage (Medicare Part C) and return to FEHB coverage during Open Season or immediately upon involuntarily losing non-fehb coverage Retirees DO NOT participate in Premium Conversion Your spouse is eligible to continue FEHB coverage after your death only if you have them covered and you elect to provide a survivor benefit at retirement

121 121 Medicare Part A (Hospitalization) No Cost Enroll at age 65 Enrollment is automatic at age 65 if you are receiving Social Security Benefits Part B (Medical) Monthly premium based on yearly adjusted gross income Part C A plan offered by a private company Part D (Drug) Monthly Premium

122 122 FEGLI Federal Employees Group Life Insurance Additional Information: OPM Telephone:

123 123 FEGLI Continuation into Retirement Retire on an immediate annuity Insured on the date of retirement Enrolled in each Option and Multiple for the 5 years of service prior to retirement OR since your FIRST opportunity to enroll Election Form: SF 2818 Continuation of Life Insurance

124 124 FEGLI Basic Life Options: Basic Insurance Amount (BIA) is based on your final annual salary rounded up, plus $2,000. Ex: $51,400 = $52,000 + $2,000 = Amt of Basic Ins $54,000 Options Before age 65 After age % reduction BIA x.3250 (per $1,000) NO COST ex: $17.55 per month 2. 50% reduction BIA x (per $1,000) BIA x.71 (per $1,000) ex: $55.89 per month ex: $38.34 per month 3. NO reduction BIA x (per $1,000) BIA x 2.13 (per $1,000) ex: $ per month ex: $ per month

125 125 FEGLI Basic Life Insurance Elections

126 126 FEGLI Option A Standard Coverage ($10,000) Age Group Monthly Cost Under 35 $ through 39 $ through 44 $ through 49 $ through 54 $ through 59 $ through 64 $ and above No Cost At age 65 coverage reduces by 2% per month for 37.5 months until it reaches $2,500

127 127 FEGLI Option A Elections

128 128 FEGLI Option B (1-5 Multiples of Pay) Option B Ex: Annual Salary $51,400 1x Multiple elected = $52,000 Age Group Mthly $1000 Mthly Cost Under 35 $0.043 $ through 39 $0.065 $ through 44 $0.087 $ through 49 $0.152 $ through 54 $0.238 $ through 59 $0.433 $ through 64 $0.953 $ through 69 $1.170 $ through 74 $2.080 $ through 79 $3.900 $ and above $5.720 $297.44

129 129 FEGLI Option B Elections Full Reduction: At age 65, no cost & coverage reduces by 2% per month for 50 months at which time coverage will end No Reduction: Coverage and premiums will continue

130 130 FEGLI Option C Family Coverage (1-5 Multiples) Spouse = $5,000 (1 x Multiple) / Each Child = $2,500 (1 x Multiple) Age Group Mthly $1000 Mthly Cost Under 35 $0.48 $ through 39 $0.59 $ through 44 $0.89 $ through 49 $1.28 $ through 54 $1.99 $ through 59 $3.21 $ through 64 $5.85 $ through 69 $6.80 $ through 74 $8.30 $ through 79 $11.40 $ and above $15.60 $15.60

131 131 FEGLI Option C Elections Full Reduction: At age 65, no cost & coverage reduces by 2% per month for 50 months at which time coverage will end No Reduction: Coverage and premiums will continue

132 132 TSP Thrift Savings Plan Telephone: TDD: Monday through Friday 7:00 a.m. 9:00 p.m. ET Mailing Address: Post Office Box Birmingham, AL Thrift Savings Plan

133 133 TSP Provides a choice of tax treatment for contributions: Traditional (pre-tax) contributions and tax deferred investment earnings Roth (post-tax) contributions with tax-free earnings at retirement Provides the opportunity to increase your retirement income You must be in a position subject to retirement deductions to contribute TSP offers two approaches to investing your money: L Funds (Lifecycle) invested in a mix of the funds Individual Funds are the G, F, C, S and I funds

134 134 TSP Funds Government Securities Investment (G) Fund Invested in short-term U.S. Treasury securities Interest income without risk of loss of principal Payment of principal & interest is guaranteed Low risk Fixed Income Index Investment (F) Fund Government, corporate & mortgage-backed bonds Invested in bond index fund that tracks Barclays Capital U.S. Aggregate bond index Offers opportunity to earn rates of return that exceed money market fund rates over the long term Low to moderate risk

135 135 TSP Funds Common Stock Index Investment (C) Fund Stocks of large & medium-sized US companies Invested in stock index fund that tracks the Standard & Poor s (S&P) 500 stock index Potential to earn high investment returns over the long term Moderate risk Small Capitalization Stock Index (S) Fund Stocks of small to medium-sized US companies Invested in stock index fund that tracks Dow Jones Wilshire 4500 Completion (DJW 4500) index Earn potentially higher investment returns over the long term than in the C Fund Moderate to high risk (more than the C Fund)

136 136 TSP Funds International Stock Index Investment (I) Fund International stocks of 21 developed countries Invested in stock index fund that tracks the Morgan Stanley Capital International EAFE (Europe, Australasia, Far East) index Potential to earn high investment returns over the long term Moderate to high risk Lifecycle (L) Fund Each L Fund is invested in the individual TSP funds (G, F, C, S, I), using investment allocations that are tailored to different time horizons Objective is to provide the highest possible rate of return for the amount of risk taken Subject to the risks of the individual funds Expected returns will be approximately equal to weighted average of the G, F, C, S, I Funds returns

137 137 Lifecycle Funds Fund Time Horizon Growth Risk L Income Retiring now Low Low L 2020 Retiring Moderate Moderate L 2030 Retiring Moderate to High High L 2040 Retiring High High L 2050 Retiring 2045 & after High High

138 138 TSP Withdrawal Automatic cash out (accounts less than $200) Leave money in the TSP Full Withdrawal Mixed Withdrawal Must begin to receive TSP funds by April 1 of the year following the year you are age 70 ½ How to APPLY: TSP-70 Form Withdrawal Request

139 139 TSP Make-Up You are eligible to make-up missed contributions if you meet all of the following conditions: You were placed in Absent-US or separated from Federal civilian service to perform military service You were released from military service on or after You were re-employed in or restored to a position covered by CSRS or FERS Request must be submitted within 60 days of Return to Duty

140 140 TSP Make-Up If you contributed to TSP during your period of military service: The amount you can make-up will be reduced by the amount you contributed to your military TSP account Your make-up contributions will not count against the current year s IRS limit

141 141 TSP Make-Up You will need to submit through your local HR Office: DD 214(s) or military orders All military Leave and Earnings Statements (LESs) to verify your TSP contributions while on active duty Provide your documentation to Army Benefits Center For more information on TSP Make-Up, please see the TSP Fact Sheet, TSP Benefits that Apply to Members of the Military Who Return to Federal Civilian Service, on the TSP website.

142 142 Sample Make-Up Letter

143 143 TSP Catch-Up Open to TSP participants turning age 50 or older this year Not eligible for agency automatic 1% matching contributions Limited to $6,000 for 2018 Must be contributing IRS yearly maximum, $18,500 for 2018 Must make a new election each year Charts are available on the ABC website Elections made via EBIS at

144 144 LTCI Long Term Care Insurance Want to talk with a Certified LTCI Consultant? Tel: LTC-FEDS ( ) TTY: Mon - Fri 8 a.m. - 6 p.m. ET Closed Sat., Sun. and Federal holidays.

145 145 FSA Flexible Spending Accounts To receive information regarding FSA, please contact a FSA Representative. Retirees are NOT eligible to continue FSA and CANNOT participate after retirement FSAFEDS@ADP.com Telephone: TTY: Monday Friday 9 am 9 pm ET Closed Weekends and Holidays

146 146 FEDVIP Federal Employees Dental & Vision Insurance Program Contact FEDVIP for enrollment requirement May enroll during Open Season after you retire even if you were never enrolled Can enroll in dental, vision or both ENROLL AT TTY

147 147 Retirement Estimate Request your retirement estimate no more than 5 years prior to your retirement eligibility date ABC-C will compute one retirement estimate once every 3 years Retirement estimates include: Verification of military service & civilian service documented in your Electronic Official Personnel Folder (eopf) Calculation of amount of civilian deposit and/or redeposit Impact of unpaid civilian deposit/redeposit & military deposit on your retirement annuity Confirmation of your current FEHB & FEGLI enrollment & your eligibility to continue these into retirement

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151 151 Retirement Timeline 5 years prior to retirement: Contact ABC-C for retirement estimate and information Call ABC-C with questions on retirement estimate 180 days prior to retirement: Complete the eretirement forms on EBIS website Call ABC-C for assistance with the forms days prior to retirement: Mail original retirement forms to ABC-C Maintain a personal copy Provide a good retirement address & contact information When application is received, you will receive an automated

152 152 ABC-C Process days prior to retirement: Retirement package assigned to specialist (another automated generated indicating it has been assigned) ABC-C retirement specialist Verifies required forms and documents Processes retirement package Provides final retirement counseling Retirement package is forwarded to DFAS

153 153 Retirement Process 2 4 Weeks after retirement Final paycheck is received Lump sum annual leave is paid VSIP payments if applicable Approximately 8 10 weeks after retirement: Receive 1 st Interim payment Receive letter from OPM with Civil Service Annuitant (CSA) Office of Personnel Management Retirement number Operations Center P.O. Box 45 Boyers, PA retire@opm.gov Tel: Social Security Administration Tel: IRS Publication Tel: Tax-Form

154 154 Changing or Withdrawing Your request to change your date of retirement or to withdraw your retirement application must be in writing and Must be signed May be faxed to ABC-C Forms are available on the ABC website: If you are receiving a VERA and/or VSIP, your request should be signed by your CPAC/HRO Submit request to ABC-C as soon as you have made a decision Changing or withdrawing your retirement MAY cause problems with your paycheck

155 155 Additional Information Contact the ABC-C Toll Free: Fax: Specialists are available from 7 am 5 pm CST (Monday through Thursday except National Holidays) Website: Mailing Address: 305 Marshall Avenue Ft Riley, KS

156 156 Telephone Chart Army Benefits Center Civilian Select: 1= Army Civilian 2= DCMA Civilian 3= National Guard 4= DoDEA Civilian 5= Non-Appropriated Fund or Uniformed Service Member

157 157 Any Questions???