The retiree annuity supplement is a monthly benefit paid to certain employees under the Federal Employees Retirement System who retire from federal service before age 62 under the FERS immediate retirement rules. Ed Zurndorfer outlines the eligibility rules and how to estimate the supplement more…
FERS (Federal Employees Retirement System)
Advantages for Federal Employees to Work in the Private Sector After Retiring
Ed Zurndorfer examines some of the advantages for those federal employees who choose to work in the private sector after retirement from federal service more…
FERS Employees Retiring Under the MRA+10 and MRA+20 Options Can Postpone FERS Annuity Commencing Date
An employee under the Federal Employees Retirement System can retire immediately when they reach their Minimum Retirement Age with a minimum of 30 years of creditable service. Ed Zurndorfer outlines discusses the option of postponed retirement available to FERS employees who, when they reach their MRA with at least 10 years and less than 30 years of FERS service, leave federal service and postpone the start of their FERS annuity more…
Federal Employees May be Eligible for a Deferred Retirement
Federal employees who are covered by the Federal Employees Retirement System (FERS) may be eligible for a deferred annuity. Ed Zurndorder covers the eligibility rules, benefits of this option, steps to apply, and how it affects life/health insurance and the Thrift Savings Plan more…
Options for Federal Employees Who Leave Federal Service Before Eligible for Retirement
Ed Zurndorfer discusses the options for CSRS- covered and FERS -covered employees who leave federal service before becoming eligible for any type of retirement, including requesting a refund of retirement contributions and rolling over rollover the refund payment to an IRA a qualified employer-sponsored retirement plan more…
How to Avoid the Biggest Mistakes in Making Beneficiary Designations
A complete and comprehensive estate plan includes properly filled out beneficiary designation forms. Ed Zurndorfer discusses what federal employees need to consider in avoiding the 10 biggest mistakes in making their beneficiary designations more…
How to Deal With OPM’s Delay in Retirement Application Processing
Delays in receiving your first full FERS or CSRS annuity check can be 3-10 months. Ed Zurndorfer, provides a checklist of how to expedite your retirement application — plus practical tips on how soon-to-retire employees should prepare for a possible cash flow problem during the early months of retirement more…
10 Important Actions for Federal Employees Planning to Retire
Your retirement date often comes sooner than you may have had a chance to fully prepare. Ed Zurndorfer outlines the most common areas that need to be addressed by federal employees who plan to retire within the next few years more…
Senate Bill Would Increase COLA for Many Federal Retirees
If passed, the Equal COLA Act would end the disparity between the two federal retirement systems (CSRS and FERS) and ensure all federal retirees receive full cost-of-living adjustments on their annuities more…
How Part-Time Service Can Affect a FERS Employee’s Benefits – Part II
Ed Zurndorfer discusses the effect of FERS part-time employment on annual leave and sick leave accrual rates, the Thrift Savings Plan, and insurance benefits (health, life, dental and vision, and long-term care insurance). more…