"...The Office of Personnel Management recently issued guidance to agencies on how to submit “healthy” retirement packages for prospective retirees. You can keep an eye out to ensure your agency is correctly carrying out its part, which includes:..."
Sep 19, 2012
Sep 3, 2012
Tips to Prepare for Early Retirement
"...there are times when you have to cram planning into a year or less — for example, if you are given an opportunity to retire early or offered a buyout. Even a little time wisely spent can produce a big payoff. So, here’s my “to do” list for you...."
Aug 13, 2012
Important to Plan Ahead for Retirement
"...With all the talk about sequestration, reduced budgets, and early-out and buyout offers, it would be surprising if even the youngest feds aren’t thinking ahead about retirement. If you are nearing eligibility to retire, there are things you can do to get ready. And the sooner you do them, the better off you’ll be when the moment arrives to leave...
Ideally, you should plan five years ahead. That’s because you have to be continuously enrolled in the Federal Employees Health Benefits Program (FEHBP) and the Federal Employees’ Group Life Insurance (FEGLI) program for five years before..."
Jan 10, 2012
FEHB and annuity reduction
"...Q. I am a Postal Service employee under the Federal Employees Retirement System who will have eight years of service in April. If I decide to retire with 10 years of service in 2014 at the age of 58½, would I receive health benefits from the USPS, and could I receive a full annuity if I waited to draw the annuity at age 67, or would this affect insurance benefits?..."
Read more at federaltimes.com
Read more at federaltimes.com
Dec 28, 2011
Retaining FEHB into retirement
"...Federal retirees and their surviving spouses retain their eligibility for FEHB health coverage at the same cost as current employees. In order to carry your FEHB coverage into retirement, you must be entitled to retire on an immediate annuity under a retirement system for civilian employees (including the Federal Employees Retirement System (FERS) Minimum Retirement Age (MRA) + 10 retirement); and you must ..."
Read more at opm.gov
Read more at opm.gov
Retirement Checklist
"...Retirement planning should begin at least five years out from a fed's expected retirement, Flanagan said. Employees should request their first retirement estimate, which explains how much they'll draw in income after retirement. And within a year of retirement, feds should start filling out all the paperwork..."
Read more about Flanagan's retirement checklist at Federal News Radio
Read more about Flanagan's retirement checklist at Federal News Radio
Nov 25, 2011
FEHBP + Medicare Part B
"...Federal employees turning 65 might be wondering: Do I get Medicare Part B coverage in addition to my federal health plan? ..."
Read more at federalnewsradio.com
Read more at federalnewsradio.com
Subscribe to:
Posts (Atom)
