When federal employees reach 30 years of service with the federal government, they usually start thinking about retirement. Three very common ages to retire as a federal employee are 57 (Minimum Retirement Age (MRA)), 60 or 62. Let’s take a look at the pros and cons of each retirement age, Read more…
FEDVIP stands for Federal Employees Dental and Vision Insurance Program. The government’s FEDVIP program is not like the Federal Employees Health Benefits (FEHB) program. FEHB is a great deal for 99% of employees while dental/vision is not near as clean cut. Some Feds do not need dental/vision coverage while for Read more…
HR pension estimates are one of the most important documents that help you make sure you’re prepared for retirement. However, it is very common for these estimates to have mistakes. When federal employees rely on these estimates without checking them, they can run into big problems down the Read more…
Gone are the days of MASSIVE CSRS pensions. There are only a small percentage of CSRS (the old system) employees left in the government and their HUGE pensions are dying with them. But FERS (the new system) federal employees still have good benefits if you know how to Read more…
Is your goal for a federal retirement to maintain your current standard of living? What is it going to take to do that? Today, we’ll be talking about your FERS retirement benefits and whether they are enough for your comfort level. Net vs Net Most people have a Read more…
Benefits of Retiring as a Federal Employee One of the benefits of a career with the federal government is that you are covered under the Federal Employees Retirement System (FERS). FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Read more…
Some decisions in life are forgiving and some are not. Some decisions have undo buttons attached while others are irreversible. Many of these irrevocable decisions are made all at the same time: Retirement! Here is a breakdown of what these decisions are so you can get them right. The Big Read more…
Page Shortcuts 2025 FERS COLA Projection How are COLAs Calculated? Who Gets FERS COLAs? 2024 FERS COLA 2023 FERS COLA https://youtu.be/4CLOR5hzwNE Note: This video was filmed in Jan 2024 and more recent COLA is available below. 2025 FERS COLA Projection FERS COLAs are based on inflation (CPI-W) in 2024 Read more…
https://www.youtube.com/watch?v=iqw0mXHOB_8 If you have any unused sick leave on the books when you retire then it can help increase your pension for the rest of your life. But only if some criteria are met. What it Gets You Your pension is based on your high-3 salary, your years of service, Read more…
