Early retirement, buyout – Be careful what you wish for!

 

 

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August 7, 2017 – Host Bob Leins welcomes Maureen Wilkin, Federal Benefits Specialist to talk about early retirement.  Remember all that glitters is not gold!  Do you understand the possible effects of an early retirement on your benefits or retirement?

Things to consider:

  • Thrift Savings Plan – Are you at least 55 years of age?
  • FEHB – Do you meet the 5 year rule?
  • FEGLI – Do you meet the more specific 5 year rule?
    • Did you make changes during the recent open season?
  • COLA – FERS at age 62; CSRS at any age
  • FERS Annuity Supplement – Begins at MRA for VERA retirees
    • LEO earnings consideration begins at MRA
  • CSRS Annuity reduction for age if younger than 55 years of age

For questions or comments, email us in advance at ForYourBenefit@nitpinc.com or call 202-465-3080 this coming Monday.  Program begins at 10:05 ET and questions are accepted between 10:20 AM and 10:55 AM.