Military Buyback Program
What is the Military Buyback Program? The Military Buyback Program is a program for veterans to retroactively “buy back” their time spent in the military
How to apply for FERS Supplement
Where do I apply? You’ve finally decided it’s time to retire. Maybe this day came sooner than expected, or maybe it couldn’t come soon enough.
FERS Supplement
Once your FERS Supplement ends, should you take Social Security benefits? This really comes down to a case by case basis. As you probably know
FERS MRA
What is MRA? Minimum Retirement Age is a threshold that was created for FERS and CSRS to determine a federal employee’s eligibility for retirement. Depending
FERS Contributions
What is my FERS contribution? Depending on your start date, your contribution will be either be 0.8%, 3.1%, or 4.4% to FERS. The chart below
FERS Benefit Formula
How is my benefit calculated? In order to calculate your FERS pension, you will need to know your creditable years of service as well as
FERS Basic Benefit Plan
What is the FERS Basic Benefit Plan? As a Federal Employee, your retirement consists of three components: your Basic Benefit (also called your annuity or
Social Security Strategies
“I have two questions about social security. I am 61 and my wife is 58. Let’s say my wife files for social security at age
FERS Early Retirement
My understanding is that if I take immediate retirement at MRA before 62, then I will: 1) get the FERS Supplement to my FERS annuity;
Military Buy Back
“I have almost 5 years of Federal Service (FERS—approximately 15 days short). I have over 7 years of honorable active duty service. I retired from
Health Insurance Options in Retirement
“I will be 65 years old next July and plan on retiring in Dec. 2022. I am covered under my husband’s health plan and also
“Where does my retirement income come from?”
“I am 65, born in (November) 1955. I’ve only been a Federal Civilian Employee for 5yrs this November. I’ve also withdrawn $7,000.00 last year for
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