Search Results for:

Eligibility for Civil Service Retirement System (CSRS) retirement benefits is determined by your age at retirement, your number of years of creditable service, what type of retirement you choose and in some cases, other special requirements. There are several categories of retirement. In all cases, you must have served in a position subject to CSRS coverage

Frequently Asked Questions About Retirement There are many complexities involved in retiring from a Federal Government and other Public Sector positions, most particularly related to the benefits you are entitled to upon retirement. Here is a series of Questions and Answers (Q&As) for some of the most common issues that federal employees and retirees are

Part time work impact to Annuity The Federal Employees Retirement System (FERS) provides for employees to retire with disability benefits under certain conditions. This article discusses eligibility, calculation of benefits and other issues related to disability retirement as well as the part time work impact to annuity. Eligibility You may be eligible for a FERS

This article discusses how your FERS annuity is calculated if you are a federal employee.

Early Retirement Programs: VERA and VSIP Given the ongoing efforts to reduce federal deficits, many federal agencies have been offering early-retirement programs to their employees. Two such programs are the Voluntary Early Retirement Authority (VERA) and Voluntary Separation Incentive Payments (VSIP) initiatives. This article discusses both of these programs, including which employees are eligible for

Refund of FERS Employee Retirement Contributions When an employee covered by FERS leaves federal service, he or she may be entitled to receive a refund of their contributions to FERs. This article discusses issues related to such a refund. In particular, it discusses: (1) the concept of a “lump sum credit” under FERS; (2) the

FERS Eligibility for Retirement Benefits FERS Eligibility for retirement benefits is determined by your age at retirement, your number of years of creditable service, and in certain circumstances, what type of retirement you chose when first becoming eligible. In some cases, you must have reached the Minimum Retirement Age (MRA) to receive retirement benefits. This article

The Best Day to Retire What is the best date to retire as a federal employee?  There isn’t one single answer because there are many mitigating personal factors, as well as significant differences between CSRS and FERS rules and regulations. This article will hopefully help you determine what the best day to retire is for you. Assuming

Federal Employees Retirement System The Federal Employees Retirement System (FERS) is the current retirement system for US federal civilian employees. FERS was enacted in 1986 to replace the Civil Service Retirement System (CSRS), whose costs were thought to be too high for the long term. FERS was designed to conform federal retirement plans more closely with those in the

Federal Employee Retirement Resources The federal government makes available a significant amount of federal retirement benefit resources for current and former employees along with their families and surviving spouses.  There are also other organizations that  make available other retirement-related information for these same federal and postal employees so you are able to prepare for your retirement with the most accurate

Retirement Form URLs The following links are useful retirement form URLs that will certainly be beneficial to you. Be sure to utilize the following links to ensure that your retirement filing is completed comfortably and securely. These forms will certainly be necessary throughout the process; therefore, having them on hand close by will not be

Retirement Cost Analysis To maximize the enjoyment of your retirement with as little financial stress as possible, you will want to do a thorough projection and analysis of your living costs during retirement. This article discusses the analysis of these costs. You will want to review all of your pre-retirement costs and project your post-retirement

Are You Physically Ready To Retire? People typically prepare financially for retirement, but they often overlook its physical aspects.  When you retire, you want to be in good physical shape to enjoy your life. This article discusses being physically ready for retirement. Planning for a Healthy Retirement Just as you prepare financially for retirement, you

How Divorce Affects Your Federal Retirement Benefits Access to pensions, retirement account balances, and Social Security benefits are all impacted by divorce. As a federal employee, if you become separated or divorced, there are significant consequences for you and your spouse, as well as other dependents and beneficiaries, with respect to your federal retirement benefits.  This

Are You Financially Ready to Retire? Do you want to retire yet, and if so are you financially ready to do so? Retirement requires planning and adjustment – both financial and emotional. This article focuses on the financial aspects of planning for retirement. In retirement, your lifestyle will change, and you will have time to

Are You Sincerely Prepared to Resign? With all the focus on the financial side of planning for retirement, have you also considered the emotional side to what retirement might mean for you? Working with a financial planner to set goals, figure out how much money you need to save and later figuring out what a