FERS Retirement Benefits | What Federal Employees Should Know in 2023

Are you trying to figure out the different FERS Retirement Benefits you will have as a Federal Employee? Do you know where your different sources of income will come from? Do you know how to calculate your FERS pension? Do you know what will be taken out as deductions? In this video, we break down the income you should be receiving as a retired Federal Employee!

Leave us a comment below if you have any more questions regarding your FERS Retirement Benefits!
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Until next time, happy planning!

Micah Shilanski, CFP®
#PlanYourFederalRetirement #FERS

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[MatthewAidanns]

"Retirement isn’t an end goal, but a journey best secured by careful and consistent investments."

[parryhooper]

Postponed retirement allows someone to retire early and not collect pension until 62 in which they would get full pension with no penalties. The best part is you keep your health benefits.

For some reason I had to dig deep for this option, I never see it talked about.

[ericasantana]

Micah, your energy, enthusiasm, and charisma made this video enjoyable to watch. thanks for breaking down a loathsome subject into something digestible. keep up the awesome work!

[creditsbox]

This video is a must-watch for all federal employees planning their retirement! 🌟 The insights on maximizing your FERS benefits and understanding your options for a smooth transition are incredibly valuable. The breakdown of the Thrift Savings Plan (TSP) and how to make the most of it is especially helpful. Thank you for providing such clear and detailed information. Looking forward to more content like this! 💼📈

[matma]

Thank you so much for this! This is the first time I have been to understand this calculation. My HR is useless.

[martinmercerjr]

You need to teach people that FERS go by whole years, I started in the Postal Service Oct 1985 & retired in March 2019. I did not know FERS round up. I only got credit for 33 years. FERS when from January 1986 to December 2018. If I knew this I would of retired in December

[glasshalffull]

To have a good retirement, you MUST max out on the TSP and put 100% into the C Fund as soon as you can in your career. It’s a slow grind and has ups and downs as the market fluctuates, but you will eventually have 100s of thousands of dollars.

[maonow]

where can I email you for questions? Or can you recommend source of information regarding retirement as important information is never really discussed while being employed in federal goverment?

[nickroberts]

i started at the veterans administration when i was 20yrs old. I quit when i was 33 yrs old. Will I get a pension? Thanks

[PH-dmew]

What is a federal retirement counselor, what do they do for the employee and how do I get one?

[mikedv]

what about the social security supplement I have 36 years and retiring at 56.5 getting the sss from 56.5 till 62

[jasonr.]

Thank you for the video. I have a VA job offer and wanted to know what this statement mean?
Federal Employee Retirement System (FERS) = for employees after 1/1/2014, VA contributes 16.6% annually to FERS-FRAE basic defined benefit. Thanks so much!

[itguru]

Look this isn’t rocket science. Just retire at 62 from federal service with no debt, start collecting social security, and move to Florida. Done. I did this.

[BrokeAgain]

What if you have 20+ yrs then you left the government job under 50yrs old. then you turn 57 or 62... ofcourse that's not continued work service till the retirement age.... are you still qualified to claim that pension?

[highspiritusagxbvghighspir]

Thank you for the video. Is it the high-3 of the base salary or of the base+COLA salary that is used in the pension calculation formula? Thank you.

[beatriceosei]

I’m retired military and 100% permanent and total VA disabled VET. I’ve been working for the federal government for 12 years and I’m currently 51, could I resign from the federal government now at age 51 and still receive a reduced pension when I reach MRA age?

[carloshernandez-bmhp]

Thanks for the video. Very informative! I have one question for you please.
I’m a Postal worker and when I started there was a hiring freeze. I have been working at the PO for 17 years but only ten are counted towards my retirement. Is there a buyback program that allows me to get those years counted for?

[dylanhenry]

HELP! I'm an retired army vet and my ex is getting 42% of my military pension. I just became a federal employee and am no longer getting that retirement check. Does this mean my ex now gets nothing from me (ha ha) or can she try to get social security money from me?

[myteegeeful]

Thank you, maybe considering not having background music, it is very distracting.

[epauloconnor]

I don't see RSCD in the description... where do you find the RSCD? Does sick leave accrued at retirement count towards RSCD?