Pre-Retirement Planning Course (FERS Participants Only)

Module 1: Introduction to Federal Benefits

• Understand the purpose and scope of the Federal Employees Retirement System (FERS).
• Identify the three tiers of the FERS retirement system: Defined Benefit, Thrift Savings Plan, and Social Security.
• Recognize the importance of early and proactive retirement planning.
• Learn strategies to organize personal and financial records for retirement.

Module 2: Retirement Eligibility

• Determine retirement eligibility based on age, service, and special provisions.
• Use the Minimum Retirement Age (MRA) chart to identify personal MRA.
• Understand voluntary, involuntary, early, and deferred retirement options.
• Evaluate the impact of postponing retirement to reduce annuity reductions.

Module 3: Annuity Computations

• Define creditable service and the “high-three average salary.”
• Apply FERS formulas to calculate annual annuity benefits.
• Incorporate unused sick leave into annuity computations.
• Understand eligibility and calculation for the FERS Special Retirement Supplement.

Module 4: Processing the Retirement Application

• Identify the steps involved in completing and submitting retirement applications.
• Understand required forms and supporting documentation.
• Recognize timelines and agency responsibilities in processing retirement.
• Know where to find post-retirement resources and assistance.

Module 5: Survivor Benefits

• Learn about survivor annuity options for spouses and dependents.
• Understand election requirements and costs for survivor benefits.
• Evaluate scenarios to determine appropriate survivor coverage.

Module 6: Health Benefits (FEHB), Long Term Care Insurance (FLTCIP), and Life Insurance (FEGLI)

• Determine eligibility to continue FEHB and FEGLI into retirement.
• Understand covera