Pre-retirement Planning for FERS

  • 12 Topics | 1h 49m 59s
  • Up to 30 languages
  • Transcripts
All federal employees should be aware that the federal government starts the retirement planning process immediately upon employing an individual in a permanent position. The government has passed legislation that each employee covered by the Federal Employees Retirement System (FERS) will be mandated to contribute into the Civil Service Retirement and Disability Fund (CSRDF), the Social Security Fund, and the Medicare Fund. Legislation was also passed to establish a savings and investment plan – the Thrift Savings Plan (TSP) – which is voluntary, in order for each employee to have a supplemental annuity in retirement. Although the government starts the planning process, each employee also needs to plan and prepare for retirement. It is a full career process, from the date of employment to the date of retirement. This course will provide federal employees with sufficient information to enable them to make informed decisions about retirement planning. This course was developed with subject matter support provided by the Labor & Employment Law Group of the law firm of Baker, Donelson, Bearman, Caldwell & Berkowitz, PC. Please note, however, that the course materials and content are for informational purposes only and do not constitute legal advice. Nothing herein, or in the course materials, shall be construed as professional advice as to any particular situation or constitute a legal opinion with respect to compliance with any federal, state, or local laws. Transmission of the information is not intended to create, and receipt does not constitute, an attorney-client relationship. Readers should not act upon this information without seeking professional counsel. The information contained herein is provided only as general information that may or may not reflect the most current legal developments. This information is not provided in the course of an attorney-client relationship and is not intended to constitute legal advice or to substitute for obtaining legal advice from an attorney licensed in your state.

WHAT YOU WILL LEARN

  • identify eligibility requirements related to continuing FEHB into retirement
  • identify eligibility requirements related to continuing FEGLI into retirement
  • identify the eligibility requirements related to continuing health benefits and group life insurance into retirement
  • identify the FERS eligibility requirements related to immediate and early voluntary retirement
  • identify the FERS eligibility requirements related to deferred retirements, disability retirements, and annuity supplements
  • identify the FERS eligibility requirements related to voluntary and discontinued service retirements and annuity supplements
  • identify the FERS eligibility requirements related to Social Security, long term care, and Thrift Savings Plans
  • identify requirements related to creditability of service under FERS
  • identify the FERS eligibility requirements related to Social Security, long term care, Thrift Savings Plans, and FERS creditability of service
  • identify items to check for when reviewing your Official Personnel Folder
  • identify eligibility requirements for FERS survivor benefits
  • identify items to check for when reviewing your Official Personnel Folder and eligibility requirements for FERS survivor benefits

IN THIS COURSE

  • Federal Employees Health Benefits (FEHB)
    5m
  • Federal Employees Group Life Insurance (FEGLI)
    8m
  • Knowledge Check: FEHB and FEGLI
    6m
  • Voluntary and Discontinued Service Retirements
    15m
  • Retirements and Annuity Supplements
    12m
  • Knowledge Check: Retirements and Annuity Supplements
    5m
  • Social Security, Long Term Care, and the TSP
    16m
  • FERS Creditability of Service
    6m
  • Knowledge Check: Benefits and FERS Creditability
    6m
  • Reviewing Official Personnel Folder and Annuity
    12m
  • Survivor Benefits
    7m
  • Knowledge Check: Personnel Folder/Survivor Benefits
    5m