Federal Employee Benefits

FERS MRA Plus 10

What is the FERS MRA + 10 Retirement?

Federal employees covered under the FERS retirement system are offered a unique retirement option, the MRA+10. The MRA+10 option allows you to retire at your minimum retirement age (MRA) with as few as 10 years of service. Hence, if you want to retire but aren’t eligible for an immediate unreduced retirement under the standard age…

FERS Immediate Retirement

The FERS Immediate Retirement In Under 3 Minutes (VIDEO)

Federal employees covered under FERS who wish to retire under the immediate retirement option must meet specific age and years of service requirements. This video will review the FERS immediate retirement eligibility requirements in under 3 minutes. To learn more about the FERS retirement options and eligibility, read this article.

The 4 Things You Need To Know About The FERS Supplement (VIDEO)

If you are covered by FERS and retire before age 62, you may be eligible for a pension supplement called the Special Retirement Supplement (SRS), also known as the FERS Supplement. In this video, I’ll cover four key things you need to know about the SRS. If you want to learn more about the SRS,…

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The FERS Supplement At A Glance

If you are covered by FERS and retire before age 62, you may be eligible for a pension supplement called the Special Retirement Supplement (SRS), also known as the FERS Supplement. Because Social Security is a key component of your FERS pension, the SRS is designed to bridge the gap between when you retire and…

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What is the FERS Enhanced Pension Multiplier?

Any Federal employees hired after January 1, 1987, are covered under the Federal Employees Retirement System (FERS). However, not all employees covered under FERS have the same retirement options; special category employees, namely law enforcement officers (LEOs), firefighters, and air traffic controllers (ATCs), have different requirements and options available to them. These designated employees are…

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The TSP vs. the IRA: What’s the Difference?

The Thrift Savings Plan (TSP) and the Individual Retirement Arrangement (IRA) share many similarities, such as the option to fund with pre-tax (traditional) or after-tax dollars (Roths); having penalties for early withdrawals and failing to take required minimum distributions beginning at age 72. However, there are some important distinctions between the two accounts, such as…

How Much Federal Employees’ Group Life Insurance Do You Need?

For many of us, life insurance is an essential part of our risk management plan; this is especially true if we have dependents. Determining how much coverage you need will vary and is based on personal and financial circumstances, such as your family’s composition, the amount required for immediate expenses, and the amount of ongoing…

Which Thrift Savings Plan Is Right For You? Roth Vs. Traditional

Having the choice of contributing to a Traditional TSP or a Roth TSP provides you with a significant tax planning option—but it does force you to make another financial planning decision. Many people find making this decision a challenge because there’s no one right answer for everyone, and it depends upon several factors. What’s Not…

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