Federal Benefit Analysis for You
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Get comprehensive federal benefit analysis by partnering with Allegiant Federal Benefits. We have an array of retirement services to help you reach your specific retirement income goals. To learn more about the benefit solutions we offer, continue browsing through this page.
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ALLEGIANT FEDERAL BENEFITS, AND ITS RELATED ENTITIES ARE NOT AFFILIATED WITH OR ENDORSED BY THE U.S. GOVERNMENT, THE U.S. ARMED FORCES, OR ANY OF THE FEDERAL BENEFITS PROGRAMS DISCUSSED HEREIN. ALL INFORMATION LISTED IS FOR INFORMATIONAL PURPOSES ONLY. YOUR PERSONAL FEDERAL EMPLOYEE BENEFIT PROFESSIONAL MAY OFFER FINANCIAL AND/OR INSURANCE SERVICES. ALL INSURANCE PROFESSIONALS HAVE TRAINING AND EXPERIENCE IN FEDERAL EMPLOYEE BENEFITS.
CSRS Annuity Benefit
Civil Service Retirement System (CSRS) is for employees hired prior to 1/1/1984. Eligibility with CSRS is determined by age and years of creditable service. In addition, you must have served in a position subject to CSRS coverage for one of the last two years before your retirement.
CSRS Contributions are mandatory through payroll deductions:
CSRS retirement income is determined by length of creditable service and High-3 Average pay and takes into account the following:
Sick Leave (Calculated Only in Whole Months) Time Between Appointment and Separation Where Contributions Were Made to the Retirement System Leave Without Pay (Up to 6 Months per Calendar Year) Certain Worker's Compensation Breaks Up To 3 Days in Length Military/Deposits/Re-Deposits Part-time service (prior to 04/07/1986 receives full credit for eligibility and annuity calculations, on or after 04/07/1986 receives full credit for eligibility and prorated credit for annuity calculations).
Your Next Steps
Application Process
CSRS Contributions are mandatory through payroll deductions:
- 7% Regular Employees
- 7.5% Employees under Special Provision (i.e. Law enforcement, firefighters, air traffic controllers)
- All contributions are paid with after-tax dollars.
CSRS retirement income is determined by length of creditable service and High-3 Average pay and takes into account the following:
Your Next Steps
The following information will lead you to the next steps to apply for this program.
Application Process
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.
Federal Employees Retirement (FERS)
The Federal Employees Retirement System (FERS) became effective January 1, 1987. All Federal civilian employees hired after this date are covered under FERS. FERS retirement eligibility is based on years of service and minimum retirement age (MRA).
FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security, and the Thrift Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement. The Basic Benefit and Social Security parts of FERS require you to pay your share each pay period. Your agency withholds your contributions for the Basic Benefit and Social Security from your pay as payroll deductions. Your agency pays its part, too. Then, after you retire, you receive annuity payments each month for the rest of your life.
General Program Requirements
Eligibility is determined by your age and number of years of creditable service. In some cases, you must have reached the Minimum Retirement Age (MRA) to receive retirement benefits. Use the FERS Information page to determine your Minimum Retirement Age. There are four categories of benefits in the Federal Employees Retirement System (FERS) Basic Benefit Plan.
Immediate
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.
Early
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.
Deferred
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.
Disability
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.
Your Next Steps
The following information will lead you to the next steps to apply for this program.
Application Process
- To apply for benefits from the Federal Employees Retirement System (FERS) you must submit a retirement application, Standard Form 3107 (PDF).
- 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
CSRS & FERS Information page.Federal Employees’ Group Life Insurance Program (FEGLI)
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:
Option B - Additional equals one to five multiples of your salary of more coverage on your life.
Option C - Family equals one to five multiples of coverage on the lives of your eligible family members. Each multiple of Option C equals $5,000 of coverage on your spouse and $2,500 of coverage on each eligible child. Generally, eligible children under Option C are your unmarried dependent children under age 22.
General Program Requirements
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.
Application Process
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.
Thrift Savings Plan (TSP)
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.
Features
- Voluntary Payroll Deductions
- "Pre-Tax" Contributions
- Tax-Deferred Investment Earnings
- Immediate Income Tax Savings
- Investment Funds (G,F,C,S,I And L-Cycle)
- Catch-Up Provision for Individuals 50+ Years of Age*
- All participants enjoy a maximum annual contribution of $18,000, and benefit from immediate employee contributions.
*up to an additional $6,000 annually
TSP Investment Funds
- G Fund (Government Securities): Conservative Investment Fund Tied to US Treasury Bills
- F Fund (Fixed Income Index): Balanced Investment Fund Tied to Bonds
- C Fund (Common Stock Index): Moderate Investment Fund Tied to S&P 500
- S Fund (Small Cap Index): Growth Fund Tied to Small and Midsize Companies and Real Estate Funds
- I Fund (International Fund): Aggressive Funds Tied to Foreign Currency.
- L Fund: NEW, Lifecycle Fund in Which Automatic Allocations of Your Contributions Into the Original Five Funds Based on Your Desired Retirement Date and Growth
https://www.tsp.gov/PDF/formspubs/tsplf14.pdfBenefits of the Thrift Savings Plan
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.
Survivor Spouse Benefits
Civil Service Employees
- Are required at retirement to either elect or reject a survivor pension if they are married.
- If the employee chooses NOT to provide survivor pension, then the spouse must sign off.
- If the spouse predeceases the employee all payments are forfeited to insurance company.
- Active Duty and Reserve employees can provide a Survivor Pension not only to their spouse but can also provide to spouse and child (or child only).
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
- Standard- 55% of Full Annuity
- Reduced- 55% of 1/2 the Full Annuity
- Minimum 55% of $3,600
The 2 FERS Employee Survivor Options
- Standard – 50% of Full Annuity
- Minimum – 25% of Full Annuity
The Active Duty & Reserve Employee Survivor Options
- Standard – 55% of Your Standard Base Retirement.
- Reduced- 55% of Any Selected Base Retirement Less Than Standard
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- No Cost to Open and No Fees
- No Minimum Balance or Contribution Requirements
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Open an account today at myRA.gov or by calling 855-406-6972. It only takes a few minutes.
TSP Roth IRA
A myRA is a Roth IRA with contributions invested in a single U.S. Treasury savings bond. Key Roth IRA features include the following:
- Save up to $5,500 ($6,500 if 50 or older) annually in all your Roth and traditional IRA accounts.
- Because your contributions are made after-tax, you can take out what you put in, if you need it, without tax or penalty.
- Transfer or roll over your money to a private sector Roth IRA at any time. Account balances should be transferred to a private sector Roth IRA when they reach $15,000, or after 30 years.
- Income limits apply. You can contribute to a Roth IRA if in 2016 you earned below $132,000 ($133,000 for 2017) if single, and $194,000 ($196,000 for 2017) if married filing jointly.
[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
Your Next Steps
The following information will lead you to the next steps to apply for this program.
Application Process
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:
- Open a myRA account at myRA.gov.
- Fund the account from a paycheck, checking or savings account, or federal tax refund.
- Access the account online to view savings and manage the account.
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.
Program Contact Information
To learn more go to www.myRA.gov or call customer support at 1-855-406-6972 or email myra@treasury.gov.
Inquire About Our Federal Benefit Analysis
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Allegiant Federal Benefits
ALLEGIANT FEDERAL BENEFITS, AND ITS RELATED ENTITIES ARE NOT AFFILIATED WITH OR ENDORSED BY THE U.S. GOVERNMENT, THE U.S. ARMED FORCES, OR ANY OF THE FEDERAL BENEFITS PROGRAMS DISCUSSED HEREIN. ALL INFORMATION LISTED IS FOR INFORMATIONAL PURPOSES ONLY. YOUR PERSONAL FEDERAL EMPLOYEE BENEFIT PROFESSIONAL MAY OFFER FINANCIAL AND/OR INSURANCE SERVICES. ALL INSURANCE PROFESSIONALS HAVE TRAINING AND EXPERIENCE IN FEDERAL EMPLOYEE BENEFITS.