This 1-day seminar is designed to allow for corrective actions in time to have an impact on retirement financial security. It lays the groundwork of the FERS benefits package and emphasizes the responsibilities of the employee to assure that they will be prepared when they are ready to retire.
Subjects covered:
Day 1
- Retirement, Survivor’s & Disability Benefits
- Eligibility Requirements
- Benefit Computation
- High-3 Average Salary
- Length of Creditable Service
- Areas where employee can affect their length of service
- Nondeduction/Deposit
- Refunded/Redeposit
- Military Service Deposit
- Survivor Benefit s
- Death-in-Service (Not Work-Related)
- Options at Retirement
- Federal Employees’ Health Benefits
- Options and Rules
- Flexible Spending Accounts
- Federal Employees’ Dental and Vision Insurance
- Federal Employees’ Group Life Insurance
- Options and Rules
- Designation of Beneficiaries
- Thrift Savings Plan
- Tax-Deferred or Roth 401(k)
- Participation Rules
- Catch-up Contributions
- Withdrawal Options
- Taxes on tax-deferred withdrawals