In this video, I’ll cover the MRA+ 10 retirement option in under 3 minutes. If you want to learn about the MRA+ 10 option, read this article and if you want to learn about other FERS immediate retirement options, watch this video.
Tag Archives: federal employee benefits
2 Quick Tips to Help You Invest Your TSP (VIDEO)
In this video, I’ll cover 2 tips to help you invest your TSP the right way. And if you want to learn about aligning your money with your goals, read this article.
What Happens To Your FERS Pension When You Kick The Bucket?
Your FERS pension has a survivor benefit. The survivor benefit allows your spouse (or someone else with an insurable interest) to receive a portion of your pension when you pass away in retirement. If you’re married when you retire, you’ll need to make an election. However, deciding which benefit to select can be challenging asContinue reading “What Happens To Your FERS Pension When You Kick The Bucket?”
5 Things You Need To Know About Buying Back Military Time (VIDEO)
In this video, I’ll cover the 5 things you need to know about buying back military time. Use the DFAS Military Buy Back Estimator to get your estimated buy back cost. And if you want to learn more about the FERS pension, read this article.
The FERS Disability Retirement Option
As a Federal employee, you are not offered short-term disability coverage. However, you do have protection against a long-term disability via the FERS Disability Retirement Option. While many people dismiss the need for disability protection, the Social Security Administration states that 25% of people who are 20 years old today will be disabled for 90Continue reading “The FERS Disability Retirement Option”
The FERS Deferred Retirement In Under 3 Minutes (VIDEO)
Federal employees covered under FERS who separate from service before meeting the requirements for an Immediate retirement might still be eligible for a pension under the Deferred retirement option. This video will review the FERS Deferred retirement in under 3 minutes. To learn more about the other FERS retirement options, read this quick summary ofContinue reading “The FERS Deferred Retirement In Under 3 Minutes (VIDEO)”
What is the FERS MRA + 10 Retirement?
Federal employees covered under the FERS retirement system are offered a unique retirement option, the MRA+10. The MRA+10 option allows you to retire at your minimum retirement age (MRA) with as few as 10 years of service. Hence, if you want to retire but aren’t eligible for an immediate unreduced retirement under the standard ageContinue reading “What is the FERS MRA + 10 Retirement?”
The FERS Supplement At A Glance
If you are covered by FERS and retire before age 62, you may be eligible for a pension supplement called the Special Retirement Supplement (SRS), also known as the FERS Supplement. Because Social Security is a key component of your FERS pension, the SRS is designed to bridge the gap between when you retire andContinue reading “The FERS Supplement At A Glance”
What is the FERS Enhanced Pension Multiplier?
Any Federal employees hired after January 1, 1987, are covered under the Federal Employees Retirement System (FERS). However, not all employees covered under FERS have the same retirement options; special category employees, namely law enforcement officers (LEOs), firefighters, and air traffic controllers (ATCs), have different requirements and options available to them. These designated employees areContinue reading “What is the FERS Enhanced Pension Multiplier?”
How Much Federal Employees' Group Life Insurance Do You Need?
For many of us, life insurance is an essential part of our risk management plan; this is especially true if we have dependents. Determining how much coverage you need will vary and is based on personal and financial circumstances, such as your family’s composition, the amount required for immediate expenses, and the amount of ongoingContinue reading “How Much Federal Employees' Group Life Insurance Do You Need?”