Posts Tagged: FEGLI

Phased Retirement’s Debut

http://www.psretirement.com/phased-retirements-debut/ The Office of Personnel Management (OPM) issued the final regulations on Phased Retirement on August 7, 2014. Phased Retirement will allow full-time employees the opportunity to work part-time while drawing retirement benefits. Phased-retirement debuted as a mentoring tool to preserve the government’s institutional knowledge. As I stated previously, it is a start to something because… Read more »

Phased Retirement Annuity

Phased Retirement Annuity One of the incentives offered to gain employee participation in the Phased Retirement program is the more generous annuity at full retirement. Federal annuities are calculated based on years of creditable service and the high-three average salary. Therefore, the longer you work the better things might look in the end for you…. Read more »

Explanation of Phased Retirement

Explanation of Phased Retirement PHASED RETIREMENT DEFINITION: Phased Retirement is a human resources tool that allows employees to continue working on a part-time basis while receiving a part-time retirement annuity. Participants receive additional service credit towards their full retirement. Participants also begin receiving their retirement annuity payments consistent with the payments they would otherwise be… Read more »

Understanding Your FEGLI Coverage, by Todd Carmack

Understanding Your FEGLI Coverage, by Todd Carmack As a benefit counselor and retirement income specialist, I have come to realize that a lot of employees do not remember what they signed up for or understand their federal employee group life insurance (FEGLI) coverage. An outline of FEGLI coverages available; Basic FEGLI Coverage – if elected,… Read more »