FERS Supplement for Special Provisions
Understanding the FERS Supplement for Special Provisions The FERS Supplement is an important benefit for FERS planning to retire before age 62. Since so many Special Provisions (ATC, LEO and FF) federal employees retire before age 62, it’s important to understand who gets the Supplement and how it is calculated. The Supplement also has a […]
Your TSP Retirement Choices
When you are ready to retire, you have several TSP retirement choices. You can… Leave your money in the TSP Take monthly TSP withdrawals Annuitize your TSP with Met-Life Transfer your TSP money to an IRA Let’s take a closer look at each option… 1. Leave Money in the TSP You can leave the money […]
FERS Early Retirement: MRA+10
There are two main types of FERS Early Retirement. One is MRA+10 Retirement – which we’ll be discussing here. Another type of Early FERS Retirement is when your agency is going through a RIF – and they offer employees a chance to take an Early Out. On this page, we’ll be talking about MRA+10 Retirement. […]
FERS Early Out Retirement
There are two main types of FERS Early Retirement. One is MRA+10 Retirement which is available to anyone who is eligible. The other type of Early FERS Retirement is when your agency is going through a RIF – and they offer employees a chance to take an Early Out. On this page, we’ll be talking […]
FERS Survivor Benefits
When most people think of FERS survivor benefits – they think of the survivor annuity. But you should know that there are actually many different survivor benefits in the Federal Employee Retirement System (FERS). FERS has several items with survivor benefit options or important beneficiary designations that you should know about, including: FERS Survivor Annuity […]
CSRS Survivor Benefit
When we talk about CSRS Survivor benefits – most people think of the survivor annuity. But Civil Service Retirement System employees have several choices when it comes to survivor benefits. The following items have important survivor benefits or beneficiary designation options that you should know about: CSRS Survivor Annuity or Pension FEHB Health Insurance FEGLI […]
Taxation of Federal Retirement Benefits
How Will Your Federal Retirement Benefits Be Taxed?Many people simply forget – or perhaps just don’t understand the taxation of federal retirement benefits. Taxes will have a big impact on your federal retirement. And if you forget to factor taxes into your retirement plans, you could be in for a shock. Taxes and Your Federal […]
FERS Postponed Retirement
A FERS Postponed Retirement is when you separate from service with at least 10 years of creditable service, and you have at least reached your MRA (Minimum Retirement Age). But instead of drawing your pension when you separate from service – you postpone it until later. Why would you postpone drawing your FERS retirement pension? […]
FERS Deferred Retirement vs. FERS Postponed Retirement
You may have heard of FERS deferred retirement – where you separate from service now, but start your FERS pension later. But you might also be eligible for a Postponed FERS Retirement. If you’re thinking about leaving federal service – it’s important to understand your options *before* you leave. In the FERS Pre-retirement classes I […]
FERS Retirement Seminars – Anchorage, Alaska
Looking for in-person FERS Retirement Seminars in Alaska? Shilanski & Associates, Inc. offers live, in-person FERS retirement classes in Anchorage, Alaska. At our full-day workshop, you will learn about your FERS retirement benefits and what you need to consider before retiring from the Federal Government. April 2019 Classes have Sold Out Our April 3 and […]
FERS Deferred Retirement
You might be eligible to do a FERS Deferred Retirement if you separate from service before you are eligible to retire on regular FERS Retirement rules. Even though you don’t ‘retire from’ your federal job – you may still be able to draw a pension later. But only if you meet the requirements *before* separating from service. Let’s walk through the basics of FERS Deferred Retirement… FERS Deferred Retirement Rules: If you have at least 5 […]
The Importance of Your SF 50
The SF 50 is the official form the government uses to determine your retirement eligibility and to calculate your federal retirement pension. If there is a mistake or a typo on an SF-50, it will affect your federal retirement. Or if one of your SF-50s didn’t make it into your OPF, Official Personnel File, or […]