Get important information now that will help you improve your retirement outlook. In this course, designed for federal employees covered under the Federal Employees Retirement System (FERS) or under the Civil Service Retirement System (CSRS), you prepare a retirement readiness index and a financial plan. You also learn how to optimize your TSP, FERS and CSRS annuities; how Social Security benefits are calculated; and how your health and life insurance benefits carry over into retirement.
Who Should Attend?
Federal employees interested in fully understanding the implications of benefits decisions made early in their careers. Those employees planning to retire within 10 years should take a pre-retirement planning course. Spouses are welcome to attend at no charge.
Objectives:
Develop a realistic retirement plan
Identify your retirement income needs and develop appropriate financial plans for your retirement
Understand how your basic civil service annuity will be computed
Make thoughtful decisions regarding your federal health and life insurance benefits
Identify TSP investment options
Syllabus:
Syllabus -- Mid-Career Retirement Planning, BENE8102D, Grad. School, USDA
Day one of two
Introduction to Retirement Planning
CSRS/FERS retirement benefits
Creditable service
Civilian deposits
Military - Post 1956 deposits
Unused sick leave
Retirement annuity calculations
Annuity alternatives and elections
Voluntary contributions
Cost of Living Adjustments (COLAs)
Federal Employees Health Benefits Plan (FEHBP)
Social Security - Eligibility & Quarters of Coverage
