As a FERS Federal Employee you have a three component retirement system, FERS Pension, Social Security, and Thrifts Savings Plan.

1. WHAT IS MY FERS ANNUITY?

As a federal employee, you may be wondering exactly how much money is being deducted per paycheck for your retirement. First, we need to take a look at what items are considered part of your retirement package.

This article only pertains to FERS and qualifying for full immediate retirement. Look for future blogs on special provisions and additional retirement options with the FERS retirement system.

1. WHAT IS THE FEDERAL EMPLOYEE RETIREMENT SYSTEM?

We've been talking about the accumulation vehicle of your Thrift Savings Plan, which is one of the best out there. Once you retire though, we get tons of questions about what to do with your TSP because now you've moved to the de-accumulation stage of your life.

TSP Matching is the greatest advantage that FERS employees have when it comes to building their Thrift Savings Plans. Are you taking advantage of it?

Determining the arrangements surrounding your Thrift Savings Plan is complicated– and frankly, it’s scary. Whatever choices you make with it today will have an impact on the entire rest of your life.

A lot of people have a lot of questions about this new law: the TSP Modernization Act of 2017.

The modernization act officially goes into effect in September of 2019, and is the first change in around 30 years to the Thrift Savings program. It’s kind of a big deal.

As a federal employee, you have lots of different decisions to make throughout your career and into retirement that will greatly impact both yourself and your family really for the rest of your life.

One of those decisions with particular significance is what you do with your Thrift Savings Plan.