Attend a pre-retirement seminar , if available. There are a variety of vendors and retirement seminars available to Federal employees. If you don't have an opportunity to attend a seminar, review the narrated powerpoint seminars on our web site.
you are uncertain that all of your prior military and civilian
service has been credited, request a Certified Summary of Federal
Service from your retirement counselor. Review it and
take steps to correct errors or document any missing service.
the annual Personal Benefits Statement provided by the National
Finance Center for a general overview of your retirement benefits.
If you are within 3 years of retirement, ask your retirement
counselor for annuity estimates for the date or date(s) you
are thinking of retiring. You should be able to determine
from the estimate whether your CSRS or FERS annuity, along with
any expected income from other sources, will meet your needs
at the time you plan to retire. The estimates will also
give you information on whether there are any deposits for temporary
or military service, or any redeposits for refunded retirement
contributions, that you may want to pay to improve your basic
annuity benefit. Although our retirement estimates should
be fairly accurate, the Office of Personnel Management will
make the actual calculation after you have retired from Federal
you have performed active duty military service after December
31, 1956, you should determine whether you will be eligible
for Social Security benefits at age 62, and if so, decide whether
it would be to your benefit to make the deposit for the military
service. You may read more about this in the “Post-1956
Military Service Deposit” information available from your retirement
counselor. Don’t wait until the last minute – interest
accrues annually, and post-1956 military service deposits must
be paid to your agency before you separate/retire from Federal
you are a military retiree who may waive military retired
pay to have the service used in your CSRS or FERS annuity,
you need to decide whether you want to do this, by requesting
annuity estimates with and without the military service, and
considering the cost of the military deposit.
you be eligible to continue your Federal Employees Health Benefits
(FEHB) coverage as a retiree? If you are retiring with
5 or more years of creditable service, and were covered by any
FEHB plan for 5 years of service immediately preceding retirement,
or since your first opportunity to enroll, you are eligible
to retain your health insurance coverage as a retiree.
Your FEHB benefits will continue at the same coverage and cost
that is available to employees. The deductions for FEHB
will be taken from your monthly annuity check. If you
are eligible to continue your FEHB, no action is required by
you. Please be aware that you must elect a survivor benefit
and also have a self and family FEHB enrollment in effect at
the time of death in order for your surviving spouse to continue
enrollment in the FEHB plan after your death.
you be eligible to continue your Federal Employees Group Life
Insurance (FEGLI) coverage as a retiree? When you retire
with 5 or more years of creditable service, and you were covered
by FEGLI for 5 years immediately preceding retirement, or since
your first opportunity to enroll, you are eligible to retain
your life insurance as a retiree. Double indemnity and
dismemberment protection stops at retirement. Basic and
Optional insurance will be continued according to your election
on the SF-2818, Continuation of Life Insurance Coverage as a
Retiree or Compensationer. For more information, review
the SF-2818 (PDF; 54Kb) & Instructions (PDF; 318Kb)
any Designations of Beneficiary forms you have on file to be
sure that they reflect your current needs. If you have
not filed designations of beneficiary for retirement, life insurance,
unpaid compensation, or the Thrift Savings Plan, make sure that
the normal order of precedence for payments will meet your needs.
For more information, go to http://www.opm.gov/insure/life/beneficiary/designate.asp.
out if you will be eligible for a Social Security benefit.
You should receive a Social Security Statement every year, about
3 months before your birthday. Call the Social Security
Administration at (800) 772-1213 or visit their website at http://www.ssa.gov/ to request a Social Security Statement, or to obtain information
about Social Security benefits.
Social Security Statement provided by the SSA is not adjusted
for the Windfall Elimination Provision, which is a provision
of the Social Security law that reduces the Social Security-covered
benefits of CSRS retirees. You also may be entitled to
benefits based on the Social Security-covered earnings of your
spouse or former spouse. However, this benefit may be
affected by the Government Pension Offset, another provision
of Social Security law, which reduces the Social Security benefit
by two-thirds of the amount of your CSRS benefit. To find
out more about these Social Security provisions, review the
“Windfall Elimination Provision” (SSA Publication No. 05-10045),
and the “Government Pension Offset” (SSA Publication No. 05-10007),
at http://www.ssa.gov/ or contact Social Security at (800) 772-1213.
you are within 3 months of age 62 or older, you may contact
the Social Security Administration directly to apply for any
Social Security retirement benefit you are eligible for, or
you may delay your Social Security benefit to a later date.
You can apply for benefits at the SSA website, by calling
(800) 772-1213, or by visiting your local Social Security
you are within 3 months of age 65 or older, you should contact
the Social Security Administration to apply for Medicare benefits.
For more information on Medicare, call 1-800-MEDICAR (1-800-633-4227)
visit their website at www.medicare.gov, and read the pamphlet
RI 75-12,The FEHB Program and Medicare.
you determined whether you or your spouse will need long term
care insurance? Call 1-800-LTC-FEDS (1-800-582-3337) or
visit http://www.LTCFEDS.com for information and applications.
you are enrolled in FSAFEDS, have you reviewed your Flexible
Spending Account to ensure that you will be able to spend your
account on eligible expenses prior to your retirement date?
Your eligibility for the Flexible Spending Account ends when
you retire. Go to http://www.FSAFEDS.com or call 1-877-FSAFEDS (1-877-372-3337)
if you have any questions about your account or eligible expenses.
your Thrift Savings Plan (TSP) withdrawal options by visiting
TSP’s website, http://www.tsp.gov,
which has a calculator to estimate your TSP annuity. When
you retire, you will receive a TSP Withdrawal Package from Human
Resources. You may not submit the TSP withdrawal forms
to the TSP Service Office until at least 30 days after you have
separated from Federal service.
you have a TSP loan that has not been repaid, you cannot continue
to make TSP loan payments after you have retired. You
may repay the loan in full, or the TSP will notify the IRS that
you have received a taxable distribution.
you have not already done so, obtain information about Federal
and, if applicable, State taxation of your annuity and other
you do not submit a W-4 or W-4P Federal Tax Withholding form
with your retirement application, Federal tax will be withheld
from your annuity payments as though you are a married individual
claiming three withholding allowances. You may make
changes after your retirement according to instructions you
will receive from the Office of Personnel Management.
Federal civilian retirees are not taxed on the part of the
annuity that represents their own contribution, the rest of
the annuity is taxable, including disability retirement benefits.
The Internal Revenue Service Publication 721, Comprehensive
Tax Guide to U.S. Civil Service Retirement Benefits, explains
the taxation of Federal retirement benefits, and is available
by calling the IRS at 1-800-829-1040, or at their website, http://www.irs.gov.
following calculator may be helpful when you need to calculate
the tax-free portion of your annuity when you file your taxes
the years after you retire: http://apps.opm.gov/tax_calc/index.cfm
tax withholdings may be made if your State participates in
the withholding program administered by OPM. Participating
jurisdictions are: Arkansas, Arizona, California, Colorado,
Connecticut, Delaware, District of Columbia, Georgia, Idaho,
Indiana, Iowa, Louisiana, Maine, Maryland, Michigan, Minnesota,
Mississippi, Missouri, Montana, Nebraska, New Jersey, New
Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon,
Rhode Island, South Carolina, Utah, Vermont, Virginia, West
Virginia, and Wisconsin. You will receive instructions
from OPM after you retire regarding how to start or change
state tax withholdings.