The Federal Employees’ Retirement System is based on Social Security; therefore, it has become increasingly important that individuals in the Human Resources Offices have a basic knowledge of Social Security in order to explain the system as well as the interaction between CSRS and Social Security.
This 3-day training session provides participants with a basic understanding of the Social Security System and the concept and computation of the annuity supplement. This workshop is designed to equip personnelists and administrative specialist who answer employees’ questions with the tools to provide answers knowledgeably. Attendees will learn:
- Social Security
- How Benefits are Earned
- Who is Eligible for Each Type of Benefit
- How Benefits are Computed
- Limitation of Earned Income
- How and When Application is Filed
- What Documentation is Needed for Each Type of Benefit
- How a Claimant May Appeal a Decision
- Understanding Social Security
- Medicare’s Interaction with FEHBP
In addition, the provisions which apply specifically to federal employees will be covered in detail:
- Whose Services Are Covered by Social Security?
- What Is a Windfall Benefit and Who Is Affected by the Elimination?
- What Is the Government Pension Offset and Who Is Affected by it?
- What Is Catch 62?
- What Parts of Medicare affect Federal Employees?
- Annuity Supplement
- Why it Exists
- How it is Computed
- Earnings Limitation on the Annuity Supplement
- Taxation of the Annuity Supplement
To reinforce the steps in computing the annuity supplement there is an exercise through which participants complete the calculation.