How to Prepare
As they prepare for federal retirement, many employees are daunted by the necessary steps and paper-work that are required. This seminar provides the necessary tools to ensure a smooth transition.
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8:00 a.m. |
Introductions |
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Presenter |
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Attendees |
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Objectives of seminar |
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Expectations of attendees |
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8:30 |
Basic Understanding of CSRS and FERS Benefits |
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Annuity |
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Thrift Savings Plan |
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Federal Employees Group Life Insurance |
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Federal Employees Group Health Insurance |
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Voluntary Contributions Program (CSRS and CSRS Offset) |
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Social Security |
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Effect of Social Security on CSRS offset |
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Long-Term Care |
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10:00 |
Break |
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10:15 |
Military Deposits/Deposits/Redeposits CSRS/FERS – Should they be made? |
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Employee Responsibilities in Retirement Process |
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Agency Responsibilities in the Retirement Process |
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12 noon |
Lunch |
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1 p.m. |
Financial Planning |
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Estimating how much you want to live on in retirement |
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Estimating annuity - projecting TSP and other assets |
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Estimating Social Security |
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Determining if there’s a gap in retirement income |
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How will you solve this gap in retirement? |
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Choosing exact retirement date |
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Appropriate forms to be filled out |
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2:30 |
Break |
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2:45 |
Explaning OPM processing of Applications |
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Issue individual retirement claim number |
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Place individual in interim payment status |
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Adjudicate retirement claim |
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Withdrawal retirement application |
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Erroneous separations |
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4:00 |
End of seminar |