Federal employees enjoy some of the best retirement benefits available, but simply having access to these benefits is not enough. To ensure a comfortable and financially secure retirement, employees must understand these benefits and how to optimize them. This guide will help you navigate the three main sources of federal Read more…
When it comes to federal retirement, the terms “postponed” and “deferred” might seem interchangeable at first glance. After all, they both involve delaying the start of pension benefits. However, there are important distinctions between the two, especially when it comes to eligibility, benefits, and the ability to retain health insurance. Read more…
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…
https://youtu.be/2wS55kLb0cE Question What is the best option for retirement if you have 30 years of federal service at age 55? Can I postpone or defer? Will I lose the chance for SRS (FERS Supplement) payments? Answer Great question and you are not alone. I talk with countless federal employees all Read more…
https://youtu.be/0QmNSIH-KJA CSRS and FERS COLA Civil Service Retirement System (CSRS) annuities and Social Security benefits will increase through a 8.7 percent cost-of-living adjustment (COLA) for 2023. Federal Employees Retirement System (FERS) annuities will receive a 7.7 percent COLA. How FERS COLA’s are determined: Each year’s Read more…
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Question I am a subscriber and big fan of your YouTube channel! I hope to retire at age 56 and 8 months with 28 years of civilian and 4 years of military service, which I have bought back. I understand that the amount of my FERS supplement is calculated only Read more…
Many federal employees have the opportunity to retire before they are eligible to start Social Security (aka before 62). And in many of these situations, these feds are eligible for the FERS Supplement that will help fill the income gap between when they retire and age 62 (when the Read more…
I recently got this interesting question from a subscriber: “Should I retire at 60 vs. 62? I know that I’d get the FERS supplement if I retire at 60 but I’d get the 10% pension bonus if I retire at 62. How do I do the math to Read more…
The FERS Supplement is a great benefit especially for special provision employees. Special provisions include firefighters, air traffic controllers, and law enforcement officers. But as many special provision federal employees find out, there are a number of special rules for the FERS supplement that apply to only them. This guide Read more…
