6 Little-Known Facts About FERS Retirement

More than a Three-Legged Stool Most Federal Employees are familiar with the of the FERS retirement program—the basic annuity, TSP investments, and Social Security.  But there’s more to the FERS retirement system than these basic components, and we’ve gathered 6 little-known FERS retirement facts to spark your interest and help you maximize your retirement. 1. Collecting Social Security and […]

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CSRS Offset: Who Are You?

CSRS and FERS When we talk about federal benefits, we are usually talking about CSRS or FERS employees. In most cases, employees who started government service before January 1, 1984 are CSRS employees, with a retirement benefit based almost solely on a pension. Employees under CSRS don’t contribute to Social Security, so they don’t receive Social Security benefits unless they […]

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FERS Civil Service Retirement: Planning Required

FERS Civil Service Retirement: New Ideas Bring New Complications It’s human nature that when someone gets a good idea they want everyone to get on board. This also holds true for good ideas in the government. The Federal Government needed to replace the CSRS retirement system, so they came up with the FERS civil service retirement system […]

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A Survivor Benefit Primer

Overview The retirement annuities under CSRS and FERS have a survivor benefit option that can provide your spouse with an annuity after your death. Your annuity can be up to 55% of your full retirement annuity if you are a CSRS employee, or up to 50% for employees under FERS. Your spouse’s initial survivor annuity will include any COLA increases […]

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Understanding Your Survivor Benefits

The retirement annuities under CSRS and FERS have a survivor benefit option that can provide your spouse with an annuity after your death. Your spouse’s survivor annuity can be up to 55% of your full retirement annuity if you are a CSRS employee, or up to 50% for employees under FERS. Your spouse’s initial survivor annuity will include any COLA increases […]

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Irreversible Mistakes with Your Federal Benefits

Our recent post, Trust but Verify, showed that relying on your agency’s HR staff to determine your retirement qualifications can have serious consequences. There are many common mistakes that Federal Employees make regarding their benefits that can have irreversible effects, including the selection of FEGLI Option B by younger Federal Employees that we discussed in an earlier post. […]

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