Federal Ballpark E$timate®
What is the Federal Ballpark E$timate? The Federal Ballpark E$timate includes projected Federal annuity and Thrift Savings Plan benefits to help you quickly identify approximately how much you need to save to fund a comfortable retirement. Who can use the Federal Ballpark E$timate? The Federal Ballpark E$timate can be used by employees covered by the Civil Service Retirement System (CSRS), CSRS-Offset, or the Federal Employees Retirement System (FERS) who plan to retire under the voluntary age and service rules. The current version does not perform estimates for employees planning to retire under the Minimum Retirement Age (MRA) + 10 rules. The Federal Ballpark E$timate does not estimate the retirement benefits for employees who are covered by special computation rules, e.g. law enforcement officers, firefighters, air traffic controllers. A future version of the Federal Ballpark E$timate will include those calculations. Can I use the Federal Ballpark E$timate if I elected FERS or have a service computation date (SCD) before 1/1/1987? While FERS began on January 1, 1987, it is possible for a FERS employee to have an SCD prior to that date. For example, employees with prior CSRS service who elected FERS and employees who paid military deposits can have SCD’s earlier than 1987. If you are in one of these groups, enter the correct SCD and follow the directions in the "Warning" message. The Federal Ballpark E$timate will correctly estimate your benefits. Email questions or comments to benefits@opm.gov. Click on Start Now to begin. Start Now The Federal Ballpark E$timate® was developed by the Employee Benefit Research Institute® and its American Savings Education Council® (ASEC®) program . It is based upon the interactive version of the Ballpark E$timate® worksheet developed by EBRI and ASEC. Ballpark E$timate® is a registered trademark of the Employee Benefit Research Institute®. All Rights Reserved. Used With Permission. Additional information about the Ballpark E$timate® can be found at www.choosetosave.org Version 1.0 |