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FERS

Stay informed on the latest FERS retirement news, including updates on FERS annuity calculations, retirement eligibility rules, service credit, COLA adjustments, and federal retirement policies that affect current and future retirees. Find clear explanations of FERS benefits, survivor options, the FERS supplement, and key guidance to help federal employees understand how their retirement income is calculated and how policy changes may impact long‑term financial security.

The Windfall Elimination Provision: How Does It Work? To Whom Does It Apply?

By Robert F. BensonJun 6, 2010 11:01 AM Categories Retirement Leave a comment

The Windfall Elimination Provision (WEP) reduces, but does not eliminate, the earned Social Security benefit of a person who is also receiving a pension from a system where no Social Security payments were withheld.

FERS and CSRS Disability Retirement: The Game of Legal Relay and the Importance of Identifying the Right Evidence

By Robert McGillApr 29, 2010 7:38 AM Categories Federal Workforce News Leave a comment

The purpose of filing for Federal Disability Retirement benefits under FERS or CSRS is to get an approval from the Office of Personnel Management. One of the ways to be effective is to cite legal authorities which support the basic criteria for eligibility.

What are “Deemed” Salaries, in the FERS Annuity Supplement?

By Robert F. BensonApr 22, 2010 7:05 AM Categories Retirement Leave a comment

In calculating a FERS annuity supplement, you will find some years in which a retiree was not in pay status for the entire year. When this happens, the retiree’s salary for the entire year must, by law, be “deemed,” or legally fabricated. How is this done? Here is an explanation.

How Is Your Annuity Calculated?

By Robert F. BensonApr 4, 2010 2:08 PM Categories Retirement Leave a comment

Your annuity is what is known as a “defined benefit” annuity. This means it is based, essentially, on just two numbers: length of creditable service, and high-three average salary. Here is how that is calculated.

Your Unused FERS Sick Leave: How Much is it Worth At Retirement?

By Robert F. BensonMar 19, 2010 7:11 AM Categories Retirement Leave a comment

Until late last year, FERS employees in the twilight of their careers were faced with a dilemma: What should I do about my sick leave? This has recently changed and FERS employees now receive credit for their sick leave. How does this work in practice?

Federal Disability Retirement under FERS and CSRS: Revisiting “Accommodation”

By Robert McGillMar 12, 2010 6:50 AM Categories Federal Workforce News, Retirement Leave a comment

How does agency “accommodation” of an employee’s medical condition impact disability retirement?

The FERS Annuity Supplement: What Makes The Estimate Wrong

By Robert F. BensonFeb 4, 2010 8:37 PM Categories Retirement Leave a comment

The FERS annuity estimate is really simple to calculate. But the actual supplement you are paid can be significantly less than the estimate. How does this happen?

New (Significant) Financial Benefits From an Old Program (For CSRS and CSRS-Offset Employees Only)

FedSmith.com author Ann WertsBy Ann WertsJan 15, 2010 7:04 AM Categories Retirement Leave a comment

In the past, many CSRS employees have been excluded from contributing to a Roth due to their income level. Here is information about a program that provides a way for CSRS and CSRS-Offset employees to get large sums into a Roth IRA.

The FERS Special Retirement Supplement (and Special Category Employees)

FedSmith.com author John GrobeBy John GrobeSep 10, 2009 5:40 PM Categories Retirement Leave a comment

The Special Retirement Supplement (SRS) is a payment that is made by OPM and is designed to approximate the amount of an age 62 Social Security benefit that is due to civilian service under the FERS retirement system. Most FERS retirees begin receiving the SRS at their Minimum Retirement Age.

FERS, Sick Leave and Your Retirement: How Much Is This New Benefit Worth to You in Dollars and Cents?

FedSmith.com author John GrobeBy John GrobeApr 5, 2009 11:38 AM Categories Retirement Leave a comment

A bill is moving through Congress that would allow FERS employees to count unused sick leave in computing retirement benefits. Is it more beneficial to take the leave or to save it for using in computing retirement benefits? Here are a few considerations–if this bill does get passed by Congress.

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