This 2-day workshop covers all elements of the Federal Employees’ Retirement System (FERS), including Special Retirement Covered.
Attendees will learn:
- Verification of FERS Coverage
- When FERS Benefits Are Payable
- How the FERS Retirement Benefits Are Computed
- How the FERS Survivor’s Benefit Package Is Computed When an Employee Dies with less than 10 Years of Service
- How the FERS Survivor’s Benefit Package Is Computed When an Employee Dies with 10 or more Years of Service
- What Survivor’s Options a Retiree May Exercise
- How the Disability Benefits Are Computed
- First Year of Disability
- Second Year of Disability up to Age 62
- Recomputation of Benefits at Age 62
- Computation of the Annuity Supplement
- Phased Retirement
- Who is eligible?
- What impact does Phased Retirement have on the calculation of:
- the benefit package
- the salary
- leave accrual
- TSP participation
- Social Security Rules as They Impact FERS Employees
- Thrift Savings Plan
- Automatic Enrollments
- Default Investment Fund
- Forms
- Withdrawal Options
- Re-employed Annuitants
- Types of Appointments & Implications of Each
- Waiver of Pension in Certain Circumstances
- Retirement Options After a Period of Reemployment
This workshop is designed to inform participants about the FERS program in detail.