Federal Employee Information Partnership
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 »
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 »
It’s no secret how much the USPS has been struggling in recent years. With the rise of Amazon and other 2-day delivery services, coupled with poor governmental policies that have nearly crushed the USPS, the nearly 50-year old program is long overdue for a revamp. Postmaster General Louis DeJoy saw these issues and created a
The New USPS 10-Year Plan and How It Will Affect You Read More »
As a Federal Government employee, the Federal Employees’ Group Life Insurance (FEGLI) program is an option for familial security during retirement. If you’re enrolled in FEGLI, however, you should get prepared for the new premium insurance rate increase. This increase goes into effect the first pay period after October 1st, 2021, so you’re likely stuck
The FEGLI Rate Increase — What Does It Mean for You? Read More »
For federal employees, the Thrift Savings Plan (TSP) is an invaluable piece of the retirement puzzle. After all, the “agency matching” that your employer provides essentially means you’re getting free money on top of what you are already contributing on your own. On the surface, managing your TSP so that you’re maximizing your benefits seems
The Top 5 Considerations For Proactive TSP Management 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 »
116th (2019-2020) Congressional Bill # 2478 ‘Buy Back Temporary Time’ They are called our ‘Law Makers’ this is the body of Congress, consisting of two houses: The House of Representatives and The Senate. One side (House or Senate) will create a Bill, committee it, come out with a final version, vote on it then, if p[assed,
Buying Back Temporary Time Read More »