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RETIREMENT KIT

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OPM Complete Forms Page
Sf3107 – Application for Immediate Retirement
Sf2809 – Health Benefits Election Form
Sf3102 – Designation of Beneficiary (CSRS and FERS)
Sf2817 – Life Insurance Election
Sf2823 – Designation of Beneficiary (FEGLI)
CFR 178- Designation of Beneficiary

OPM Annuity Calculator

In order to start the process, please log into our Government Retirement & Benefits (GRB) platform application here to create a request. Requests can be completed in the top left of the application.

If you do not have access to a VA government computer, please call our Service Line for assistance at: 866-330-7366.

Retirement Information for Veteran Hospitals :

Select the “Submit a New Request” link to request:
  • Retirement Estimates
  • Civilian Deposit Redeposit Estimates
  • Military Deposit Estimates
  • Reemployed Annuity Estimates
  • General Retirement Inquiry(For general or multiple requests listed below)
  • Civilian Deposit Redeposit Processing
  • Disability Retirement
  • FERCCA Determination
  • Military Deposit Estimate / Military Deposit Processing / Military Paid-in-Full Request
  • Phased Retirement
  • Re-employed Annuity Processing
  • SCD Review (Service Computation Date)

To learn more about RSSO or the new GRB Platform, please visit the RSSO-Government Retirements & Benefits (sharepoint.com) or call our service line at: 866-330-7366.

Retirement Link for USPS (HR contact)

Telephone- 1-877-477-3273 option 5. When their answer indicates you are going to retire ( this date is going to be the last day of the month you chose. Remember to do this not more than 3 month before your retirement and not less than 2 month. This gives time to prepare for the process.

At what age I need to retire from the federal government.

The age at which you need to retire from the federal government depends on several factors, including the retirement system you are under (FERS or CSRS), your years of service, and your birth year. Here’s a summary of the general retirement age requirements:

Federal Employees Retirement System (FERS)

  • Minimum Retirement Age (MRA): Varies between 55 and 57 based on your birth year.
    • If born before 1948: MRA is 55.
    • If born between 1948 and 1952: MRA gradually increases from 55 to 56.
    • If born between 1953 and 1964: MRA is 56.
    • If born in 1965 or later: MRA gradually increases from 56 to 57.
  • Retirement Eligibility:
    • MRA with 30 years of service.
    • Age 60 with 20 years of service.
    • Age 62 with 5 years of service.
    • MRA with at least 10 years of service (reduced benefit).

What is the supplementary social security income for federal employees on retirement.

The Supplementary Social Security Income for federal employees on retirement is known as the FERS Supplement or Special Retirement Supplement (SRS). Here’s a summary of what you need to know about this benefit:

FERS Supplement (Special Retirement Supplement)

Eligibility:

  • Available to employees who retire under the Federal Employees Retirement System (FERS) before reaching the age of 62 and are eligible for an immediate, unreduced retirement annuity.
  • Typically available to employees who retire at their Minimum Retirement Age (MRA) with at least 30 years of service or at age 60 with at least 20 years of service.
  • Not available to those who retire under the MRA+10 provision (MRA with at least 10 years of service but with a reduced benefit).

How I can calculate my retirement income from federal retirement

Calculating your federal retirement income involves determining your annuity payments under the Federal Employees Retirement System (FERS) or the Civil Service Retirement System (CSRS). Here’s a step-by-step guide for each system:

For FERS Employees

1. Determine Your High-3 Average Salary
  • High-3 Average Salary: This is the average of your highest three consecutive years of basic pay.
2. Calculate Your Years of Creditable Service
  • Include all years and months of federal service.
3. Apply the FERS Annuity Formula
  • For most employees:
    • Annual Annuity=High-3 Average Salary×Years of Service×1%
  • If you retire at age 62 or later with at least 20 years of service:
    • Annual Annuity=High-3 Average Salary×Years of Service×1.1%
Example Calculation:
  • High-3 Average Salary: $80,000
  • Years of Service: 25 years
  • Retiring at Age 60:
    • Annual Annuity=$80,000×25×1%=$80,000×0.25=$20,000 per year

What happen with my federal benefit on my Retirement from Federal Government

When you retire from the federal government, your benefits transition from employment benefits to retirement benefits. Here’s what happens to key federal benefits upon retirement:

  1. Annuity Payments
  2. Special Retirement Supplement (FERS)
  3. Social Security Benefits
  4. Thrift Savings Plan (TSP)
  5. Federal Employees Health Benefits (FEHB)
  6. Federal Employees Dental and Vision Insurance Program (FEDVIP)
  7. Federal Employees’ Group Life Insurance (FEGLI)
  8. Long-Term Care Insurance (FLTCIP)
  9. Annual and Sick Leave
  10. Retirement Counseling and Assistance

For personalized advice and precise information tailored to your situation, it is best to consult your agency’s human resources office, the Office of Personnel Management (OPM), or a financial advisor specializing in federal retirement benefits.

What happen with my federal benefit on my Retirement from Federal Government

When you retire from the federal government, your benefits transition from employment benefits to retirement benefits. Here’s what happens to key federal benefits upon retirement:

  1. Annuity Payments
  2. Special Retirement Supplement (FERS)
  3. Social Security Benefits
  4. Thrift Savings Plan (TSP)
  5. Federal Employees Health Benefits (FEHB)
  6. Federal Employees Dental and Vision Insurance Program (FEDVIP)
  7. Federal Employees’ Group Life Insurance (FEGLI)
  8. Long-Term Care Insurance (FLTCIP)
  9. Annual and Sick Leave
  10. Retirement Counseling and Assistance

For personalized advice and precise information tailored to your situation, it is best to consult your agency’s human resources office, the Office of Personnel Management (OPM), or a financial advisor specializing in federal retirement benefits.

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Frequently Asked Questions

Managing your Thrift Savings Plan (TSP) can be complex, but numerous resources and support options are available to help you navigate your retirement savings plan. Here are some frequently asked questions (FAQs) and answers to guide you:

The OPM is an independent agency of the U.S. federal government that manages the civil service of the federal government. It ensures that the federal workforce is diverse, effective, and efficient in its operations.

OPM oversees human resources management, policy development, and administration for federal employees. This includes recruitment, hiring, retirement, benefits, and performance management.

OPM administers the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS), providing retirement benefits and managing the retirement process for federal employees.

OPM manages the Federal Employees Health Benefits (FEHB) Program, which provides health insurance options to federal employees, retirees, and their families. OPM negotiates contracts with health insurance carriers and ensures a wide range of plan options.

You can contact OPM through their website, by phone, or via mail. The OPM website provides detailed contact information and resources for various services, including retirement and health benefits.

OPM operates USAJOBS.gov, the official job site for the federal government. It provides job listings, application information, and resources to help job seekers understand federal hiring processes.

OPM develops policies and programs to promote diversity, equity, inclusion, and accessibility in the federal workforce. This includes training, compliance monitoring, and support for special emphasis programs.