FERS OPM Medical Retirement: Income Opportunity

The federal disability retirement benefit is large, but it is without a doubt less than the national worker is accustomed to receiving. Therefore, many people fall back and do not try to qualify for federal disability retirement. However, we should encourage an employee to enjoy the perk, mainly if their alternatives at work are limited. 

When an employee’s medical issues make it impossible for them to continue working at their job position, federal disability retirement is typically the best option. It has several benefits. One of the most favorable benefits is that a federal employee qualified for Federal Disability Retirement can continue to work in any private enterprise position that falls within the person’s medical constraints. Let me tell you more about it. 

Does Filing For Disability Benefits Mean Your Career Is Over?

Filing for disability benefits does not mean the employee’s professional journey is over. Though you won’t be working as an employee, it doesn’t mean you can’t take any other job.  FERS disability retirement allows you to shift from your current position into a new career. Therefore, after qualifying for a medical retirement through OPM, many government employees find another job or create a less demanding business. These jobs provide them with financial stability and improve their health, because losing your job can badly affect your psychological well-being. 

For instance, a postal worker may have difficulty carrying the mail because of a knee issue. However, this does not preclude the employee from beginning a business, developing websites, engaging in sales, or indulging in many other jobs that do not place the same load on his knee.

Based on input from prior Federal Disability Retirement customers, here is a list of potential work prospects in the private sector.

• Teaching Assistant 
• Babysitting Helper
• Realtor 
• Dental Assistant
• Office Admin 
• Insurance Agent 
• Content Writer

Limitation

Although it is a beneficial aspect, there is a limitation to it. FERS has set up an earning limit of less than 80% of their income at the previous posts for workers availing of disability benefits. Moreover, disabled employees must notify the OPM if their earnings exceed 80% of their existing federal employment wage. They will examine your statements to decide if you will keep receiving disability retirement income or whether your income exceeded the 80% earning limit. If you surpass the 80% earning limit, you will be judged recovered to earnings potential and will not be eligible for federal disability monthly payments.

Final Words

The Federal Disability Retirement benefit is a complicated and perplexing subject. It is vital to comprehend the long-term consequences for you and your family. Therefore, consult a professional lawyer to evaluate the advantage in light of your circumstances and choose the best course of action. 

Contact Information:
Email: [email protected]
Phone: 8007794183

Bio:
For over 20 years, Jeff Boettcher has helped his clients grow and protect their retirement savings. “each time I work with my clients, I’m building their future, and there are few things that are more important to a family than a stable financial foundation.”

Jeff is known for his ability to make the complex simple while helping navigate his clients through the challenges of making the right investment decisions. When asked what he is most passionate about professionally, his answer was true to character, “Helping my clients – I love being able to solve their problems. People are rightfully concerned about their retirement income, when they can retire, how to maximize their financial safety and future income.” Jeff started Bedrock Investment Advisors for clients who value a close working relationship with their advisors.

A Michigan native, Jeff grew up playing sports throughout high school and into college. While Jeff is still an ‘aging’ athlete, Jeff will take more swings on the golf course than miles running these days. He creates family time, often with weekly excursions to play golf, a hobby he shares with his three young children.

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