The following information will lead you to the next steps to apply for this program.
To apply for benefits from the CSRS you must submit a retirement application, Standard Form 2801.
If you have been separated from federal service for more than 30 days, submit your application to the U.S. Office of Personnel Management (OPM).
U.S. Office of Personnel Management
Retirement Operations Center
Post Office Box 45
Boyers, PA 16017
For more information, please visit the Planning and Applying page.
If you retire at the MRA with at least 10, but less than 30 years of service, your benefit will be reduced by 5 percent a year for each year you are under 62, unless you have 20 years of service and your benefit starts when you reach age 60 or later.
The early retirement benefit is available in certain involuntary separation cases and in cases of voluntary separations during a major reorganization or reduction in force.
If you retire at the MRA with at least 10, but less than 30 years of service, your benefit will be reduced by 5 percent a year for each year you are under 62, unless you have 20 years of service and your benefit starts when you reach age 60 or older.
You must have become disabled, while employed in a position subject to FERS, because of a disease or injury, for useful and efficient service in your current position. The disability must be expected to last at least one year. Your agency must certify that it is unable to accommodate your disabling medical condition in your present position and that it has considered you for any vacant position in the same agency at the same grade/pay level, within the same commuting area, for which you are qualified for reassignment.
The following information will lead you to the next steps to apply for this program.
Program Description
The Federal Government established the Federal Employees' Group Life Insurance (FEGLI) Program in 1954 to provide group term life insurance. FEGLI can help you meet your life insurance needs. Federal employees, Federal retirees (if they meet certain criteria to continue the coverage into retirement), and their family members can be covered under Basic and Optional insurance.
If you are an eligible employee, you are automatically enrolled in Basic insurance, which covers your life for your annual rate of pay rounded up to the nearest whole $1,000 plus $2,000. There are also three Optional insurances you can elect:
As a Federal employee, you are eligible to have FEGLI coverage, unless your position is excluded by law or regulation. Your Federal agency applies these rules and determines your eligibility. However, there are numerous special provisions for people in part-time or intermittent employment, temporary appointments, and specifically named positions.
For Federal employees, the chapter titled "Eligibility" in the FEGLI Handbook (PDF) explains these and other eligibility provisions.
Eligible employees enroll through their servicing human resources office. They can enroll by completing SF 2817 "Life Insurance Election" (PDF) (some agencies have electronic enrollment). For information on obtaining the SF 2817 or on how to enroll in the FEGLI Program as a Federal employee, visit the enrollment page.
The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees. The purpose of the TSP is to provide retirement income. The TSP offers Federal employees the same type of savings and tax benefits that many private corporations offer their employees under "401(k)" plans. The National Defense Authorization Act extended participation in the TSP to members of the uniformed services, including the Ready Reserve.
The Thrift Savings Plan offers a number of benefits. It is a tax-deferred retirement plan: the annual amount contributed (or “deferred,” in retirement plan-speak) reduces your taxable income for that year. The investment continues to grow tax-deferred until you reach retirement. Once you start taking distributions from the account, you pay taxes on the amount withdrawn.
The difference between the two Thrift Savings Plans shows up when it comes to matching your contributions. For government civilian employees, Uncle Sam matches up to 5% of the base pay (on a sliding scale) that a worker contributes to his or her Thrift Savings Plan account. Except under rare circumstances (matching has been used as a recruitment bonus), this option is not available to members of the military plan.
Did you know? You may qualify for a Survivor Pension with benefits that can be transferred to your children or partially refunded back to the retired employee if your spouse predeceases you, AND you must carry the minimum survivor benefits if you want to continue health insurance to your family if the employee dies first.
The 3 CSRS Employee Survivor Options
The 2 FERS Employee Survivor Options
The Active Duty & Reserve Employee Survivor Options
myRetirement Account (myRA®) is a starter retirement savings option created by the U.S. Department of the Treasury, especially designed for those who don’t have access to a plan at work. Saving with myRA is simple, safe, and affordable:
It’s Easy to Get Started
Open an account today at myRA.gov or by calling 855-406-6972. It only takes a few minutes.
A myRA is a Roth IRA with contributions invested in a single U.S. Treasury savings bond. Key Roth IRA features include the following:
[i] Annual and lifetime contribution limits and annual earned income limits apply, as do conditions for tax-free withdrawal of interest. To learn about key features of a Roth IRA and for other requirements and details, visit myRA.gov/roth-ira
The following information will lead you to the next steps to apply for this program.
You can open an account at no cost and in a matter of minutes by going to myRA.gov. There are three simple steps to saving with myRA:
myRA customer support can also assist individuals with this process at 855-406-6972 or TTY/TDD 855-408-6972 or International 1-414-365-9616.
To learn more go to www.myRA.gov or call customer support at 1-855-406-6972 or email myra@treasury.gov.
Do you have any questions about our company? Perhaps you would like to learn about our customized federal benefit analysis? Contact us for more details. One of our knowledgeable representatives will provide the information you need.