The retirement process may be one of the most confusing aspects of federal employment. Here are some common myths regarding federal retirement. MYTH 1: “When I retire, my pension will begin right away.” Even if you retire at the end of the month, you will...
If you’re planning to retire from federal service soon, the Government Retirement and Benefits (GRB) Platform is a great tool that may allow you to make changes and updates to your benefit and retirement selections. The GRB Platform is also where you will go to find:...
Monthly Annuities Your pension, also called a monthly annuity, is the fundamental basis for your overall retirement income. Most federal employees fall under either the Federal Employee Retirement System (FERS) or the Civil Service Retirement System (CSRS). The...
When it comes to saving for retirement as a federal employee, one of the options at your disposal with the widest variety your TSP, or Thrift Savings Plan. WHAT ARE THE FIVE PRIMARY GOALS OF TSP? Income Replacement Protection of Principal Growth Potential...
The cost of your Federal Employee Group Life Insurance and the amount of coverage you receive from it are difficult to understand unless you know how it’s calculated. Trying to figure out how much coverage you’ll retain after retirement (or reaching age 65,...
While not always common, it’s important to understand what might happen if you’re ever going through a RIF: a reduction in force. If you’re a federal employee that’s losing your position, or the position is moving to another area where you cannot relocate, then you...
