3-Day Split Retirement Planning (CSRS/FERS Separate Days)

The average American spends more time planning their annual two-week vacation than they spend planning for their retirement.

The need for retirement planning is greater today than it was even 10 years ago. Employees have options, choices and considerations that they must be fully aware of in order to make the most of their retirement.

Target Audience: Employees within 5 years of retirement. This seminar provides all the information that an employee needs to prepare for retirement.

Our 3-day Split Retirement Planning Seminar is designed to cover the provisions unique to CSRS on Day 1, general provisions that apply to all employees on Day 2, and provisions unique to FERS on Day 3.

Day 1

• Introduction
• Preparing for the Transition
• Civil Service Retirement System
  • Eligibility
  • Deposit, Redeposit & Military Service Deposit Rules
  • Creditable Service
  • Computation
  • Treatment of Unused Sick Leave
  • Offset at age 62 (CSRS Offset only)
  • Survivor Benefits
  • Health Insurance
  • Flexible Spending Accounts
  • High Deductible Health Plans with Health Savings Accounts
  • Federal Employee Dental and Vision Insurance Program
  • Life Insurance
  • Taxation (Federal & State)
  • Lump Sum Annual Leave Payment
  • COLAs

• Thrift Savings Plan
  • Investment Options in Retirement
  • Catch-Up Contributions
  • Concept of Compounded Interest
  • Withdrawal Options
  • Tax Issues
  • 10% Early Withdrawal Penalty

Day 2

• Social Security and Medicare
  • Understanding Your Social Security Benefits Statement
  • Earnings Limitation
  • Taxation
  • Windfall Elimination Provision (CSRS only)
  • Government Pension Offset (CSRS only)
  • Actuarial Reduction
• Medicare
  • Why Age 65 is Important
  • Four Parts
  • Enrollment Periods
  • Cost
  • Covered Services
  • Deductibles & Coinsurance
  • Primary Secondary Payer

• Long-Term Care Insurance
  • What Is It?
  • Why You Need It
  • Options & Features of Coverage
  • Resources for Making Your Decision
• Financial Considerations
  • Budgeting
  • Investing
  • Projecting Financial Needs

• Legal Aspects
  • Introduction of Legal Terms
  • Importance of Developing and Maintaining a Current Will
  • Trusts (Living (revocable/irrevocable), Testamentary, and Insurance
  • Power of Attorney, Personal Representative
  • Probate
  • What is a Living Will?
• Relocation Considerations
• Health & Lifestyle Considerations
• Processing Your Retirement What to Expect

Day 3

• Introduction
• Preparing for the Transition
• Federal Employees Retirement System
  • Eligibility
  • Deposit, Redeposit & Military Service Deposit Rules
  • Creditable Service
  • Treatment of Unused Sick Leave
  • Computations
  • Basic FERS Benefit
  • Annuity Supplement
  • Survivor Benefits
  • Health Insurance
  • Flexible Savings Accounts
  • High Deductible Health Plans with Health Savings Accounts
  • Federal Employee Dental and Vision Insurance Program
  • Life Insurance
  • Taxation (Federal & State)
  • Lump Sum Annual Leave Payment
  • COLAs

• Thrift Savings Plan
  • Investment Options in Retirement
  • Catch-up Contributions
  • Concept of Compounded Interest
  • Withdrawal Options
  • Tax Issues
  • 10% Early Withdrawal Penalty