Transform Your Benefits into a Brighter Future
The Federal Employees Retirement System (FERS) was introduced in 1987 to replace the older CSRS system. It provides a reliable retirement income for U.S. federal employees, based on their age and years of service. FERS includes pensions and other benefits in four key areas. At Federal Pension Advisors, we simplify FERS for you. We educate you on how the system works, helping you maximize your benefits!
Free ConsultationYour Money, Your Way— Choose How You Get Paid
FERS Basic Benefit Plan
A defined benefit pension based on your years of service and highest salary. Payouts start at age 62, or earlier with reduced benefits.
Social Security Benefits
Income from Social Security, accumulated through your career. Benefits begin at age 62, with options for early or delayed retirement.
Thrift Savings Plan (TSP)
A defined contribution plan where you save and invest. You can access funds starting at age 59½, with various withdrawal options.
FERS Supplement
An additional benefit for retirees under age 62, bridging the gap until Social Security benefits begin. It’s available until you reach age 62.
Smart Planning for Your Post-career Phase
- One-on-One Consultation: We start with a personal meeting to explain your FERS Pension and benefits. We’ll walk you through the details and costs in easy-to-understand terms.
- Detailed Review: We go over all your options, even though we can’t choose for you. Our aim is to ensure you see all the possibilities.
- Clear Guidance: Our goal is to give you the knowledge and advice you need to make the best choices for your FERS Pension. We’re here to support you.
- Smart Recommendations: If it suits your goals, we might suggest moving some funds to other financial options. This can help improve your returns and better meet your needs.
Get the Green Light: Eligibility Check
Curious about when you can start receiving benefits? The FERS Pension provides a reliable monthly income based on your salary and years of service. Unlike the Thrift Savings Plan, FERS ensures a steady stream of income throughout your retirement.
- Immediate: Begins within 30 days of retirement. Eligible at 62 with 5 years, or 60 with 20 years of service.
- Early: Available during involuntary separations or major reorganizations. Requires 25 years of service, or 20 years if over 50.
- Deferred: For those with at least 5 years of service, benefits start at 62. Reduced by 5% per year before 62.
- Disability: For employees with 18 months of service who become disabled. The disability must last over a year and cannot be accommodated.
A Partner that Keeps Your Retirement Purposeful
A retirement where every step feels secure and every choice is clear. At Federal Pension Advisors, we bring you that sense of financial freedom! Unlike the older CSRS system, FERS presents unique challenges, but our vetted experts ensure you make informed decisions, optimizing your Thrift Savings Plan (TSP) for steady, purposeful income. Let us help you live the retirement you’ve always dreamed of. Reach out for a 30-minute consultation and start your journey to a brighter, financially secure future!