This 2-day workshop focuses on the Civil Service Retirement System.
This workshop is designed to equip personnelists and administrative specialist who answer employees’ questions with the tools to provide answers knowledgeably. Attendees will learn:
- CSRS & Offset CSRS Retirement Benefits
- When Benefits Are Payable
- How They Are Computed (How CSRS Offset benefits are offset at age 62)
- Items That May Affect Retirement Benefits
- Phased Retirement
- What is it?
- Who is eligible?
- What impact does Phased Retirement have on the calculation of:
- the benefit package
- the salary
- leave accrual
- TSP participation
- Procedures for entering Phased Retirement
- Procedures for entering Full Retirement from Phased Retirement
- CSRS & Offset CSRS Disability Benefits
- Definition of Disability
- How the Benefits Are Computed
- CSRS & Offset CSRS Survivors Benefits
- Computation
- If Employee Dies While Employed
- Surviving Spouse
- Surviving Children
- Surviving Former Spouse
- Election of Surviving Spouse or Former Spouse Benefit at Time of Retirement
- Benefits Payable to Eligible Surviving Children after Death of a Retiree
- Election of an Insurable Interest Survivor Annuity
- Events Which Would Cause Survivor’s Benefits to End
- Social Security Rules as They Impact CSRS Employees
- Windfall Elimination Provision
- Government Pension Offset
- Social Security Rules as They Impact Offset CSRS Employees
- Eligibility
- Computation
- Actuarial Reduction
- Thrift Savings Plan Participation Rules
- Forms
- Investment Considerations
- Withdrawal Options
- Taxation of Withdrawals
- Reemployed Annuitants
- Types of Appointments and Implications of Each
- Offset of Salary by Pension
- Waiver of Offset
- Waiver of Pension in Certain Circumstances
- Retirement Options After a Period of Reemployment