Federal Employee Information Partnership
As a government employee, your federal benefits are among some of the best in the United States. Not only do you get comprehensive health coverage, but you’re also eligible for low to no cost life insurance, flexible spending accounts, and a host of other benefits. However, as you near retirement, you may find yourself asking […]
What Happens to Your Federal Benefits When You Retire? Read More »
If you’re a federal employee working in the United States, you’ve likely heard about the FERS supplement. This special supplement, also erroneously referred to as the ‘Social Security Supplement’ or ‘Bridge’, is designed to give those who have earned a full FERS retirement an extra source of income. In recent years, however, Congress has talked
Will the FERS Supplement Survive? (What You Need to Know) Read More »
If you’re a FERS (Federal Employee Retirement System) or CSRS (Civil Service Retirement System) employee, you’re likely aware of the government-provided health benefits that you’re eligible for. What you may not know, however, is that most working-class adults are automatically enrolled in Medicare Part A. For federal employees who already have health insurance provided through
Should a Federal Employee Enroll in Medicare? (Medicare vs FEHB) Read More »
There’s always one big question that pops up in a person’s mind when they begin planning for retirement: “How much time do I have left?” However, for Civil Service Retirement System (CSRS) or the Federal Employee Retirement System (FERS) employees, this timeline is relatively set in stone. So how long does OPM take to process
The OPM Retirement Process Timeline – What You Should Know Read More »
In 1986, the Federal Employees’ Retirement Security Act established a new qualified retirement plan known as the TSP or Thrift Savings Plan. Similar to a 401k, this plan is offered to federal employees and members of the armed forces. Today, many federal employees find themselves with questions about their TSP. These questions include the benefits
What is a TSP (Thrift Savings Plan)? And What Does It Do? (Your How-To Guide) Read More »
Once you realize that you’re looking forward to retirement years before you’re actually eligible to retire, working (whether you love your job or not) becomes much less exciting. Instead, most of your days are spent counting down to the moment you can retire and collect annuity from the comfort of your own home. Eventually, you
What Does Early Retirement Mean for Federal Employees? (Top 3 Things) Read More »
If you’re preparing for your federal retirement, you’re likely looking into all of the options available to you regarding benefits and increasing your annuity to get the maximum payout possible. One program that many FERS employees overlook, however, is the Military Buyback Program. The Military Buyback Program was created to serve as a method for
What is the Military Buyback Program? (Everything Explained Here) Read More »
It’s common for workers of all trades to be frightened at the prospect of disability. After all, federal disability payments are usually much lower than your ordinary income, and if you can’t work, what are you supposed to do? Luckily, the Federal Employee Retirement System (FERS) has provisions to protect federal workers from this sort
How to Start Federal Disability Retirement (What You Need to Know) Read More »
Federal retirement can seem like a daunting, complicated subject at first glance—and we won’t tell you it isn’t. There are many rules, regulations, and processes that you will encounter over the course of your retirement, and not knowing about them puts you behind the curve. Federal Benefit Advisory, however, is here to help. We are
Top 5 Facts About Federal Retirement – How to Get Started Read More »
According to OPM: “It is recommendable to retire at the end of any month or for CSRS, retire within the first days of the month, as your retirement will commence Why end month? It is best due to the provision that states that your annuity commences at the start of every month after retirement. Example:
What is the best day of the month to retire? Read More »