What's New in Retirement Benefits
FEHB Self + One for Annuitants
Coverage under a Self Plus One enrollment became available in January 2016. Annuitants enrolled in FEHB can change to Self Plus One during the annual Federal Benefits Open Season or if they experience a qualifying life event. Read more
Phased Retirement
Phased Retirement is a human resources tool that allows full-time employees to move to part-time work schedules while beginning to draw retirement benefits. This new tool will allow managers to better provide unique mentoring opportunities for employees while increasing access to the decades of institutional knowledge and experience that retirees can provide.
Online Course
Benefits Officers Training and Development is very happy to announce the availability of our first on-line course—CSRS Offset.
OPM's CSRS Offset training covers the major aspects of the CSRS Offset program from a benefits officer's point of view including:
- Coverage determinations
- Decision factors
- Service requirements and other benefits
- Annuity provisions
- Offset computations
- Interrelationship with Social Security
Register for the course at our secure on-line registration site.
Retirement In Focus
Federal Ballpark Estimate
OPM developed the Federal Ballpark Estimate, a savings goal worksheet. You can use the Federal Ballpark Estimate to automatically calculate estimates of future Civil Service Retirement System (CSRS) or Federal Employees Retirement System (FERS) retirement benefits and Thrift Savings Plan account balances. It will also let you know how well you are doing in meeting your savings goal. The Federal Ballpark Estimate was developed in partnership with the American Savings Education Council (ASEC) of the Employee Benefits Research Institute.
Retirement Financial Literacy and Education Strategy
OPM has developed a retirement financial literacy and education strategy for Federal employees. The plan is designed to educate Federal employees on the need for retirement savings and investment, provide information on how to plan for retirement and how to calculate the retirement investment needed to meet their retirement goals. View additional information on the Benefits Officers Training page.
Implementation of Retirement Coverage Error Corrections Legislation
The online FERCCA Database is now closed. Agencies are encouraged to continue to notify and educate employees on FERCCA and to review employee's personnel records as needed. Agencies are reminded to notify your agency's headquarters level Benefits Officer if you identify any individual(s) who have a retirement coverage error and are eligible for relief under FERCCA; the Benefits Officer will then notify OPM.
Visit our FERCCA Home Page for further information and to view the FERCCA FAQ's. The FERCCA Homepage provides you with everything you need to know about FERCCA and it's implementation. We suggest that you bookmark it for future reference.
Visit the Insure site for more information on the other part of this legislation, long-term care insurance.
Benefits Administration Information Online Mailing List
Are you registered for the Benefits Administration Information (BENEFTS INFO) online mailing list? The Benefits Administration Information list emails information, primarily Benefits Administration Letters (BAL), to subscribers. While the primary customers for the Benefits Administration Information list are agency benefits officers, anyone, anywhere can subscribe to the list. Benefits Administration Letters will be sent to list subscribers automatically.
Information about this mailing list can be found in BAL 00-701.
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