FEDERAL BENEFITS OVERVIEW
OPM (Office of Personal Management)
TSP (Thrift Savings Plan) – like a 401K
- TSP Website with Login
- Vesting Details
- FUND Details and FUND Chart
CSRS / FERS – Pension Options
- Civil Service Retirement System
- Federal Employees Retirement System
SSB (Surviving Spousal Benefit)
Website -
FEHB (Federal Employee Health Benefit)
Website - https://www.opm.gov/healthcare-insurance/
IN THIS SECTION
FEGLI (Federal Employee Group Life Ins)
Website - https://www.opm.gov/healthcare-insurance/life-insurance/
You can also look on a copy of your most recent Standard Form 50, Notification of Personnel Action, to determine the coverage you currently have:
- Phone - 888-767-6738
- E-mail - retire@opm.gov
- Website - https://www.servicesonline.opm.gov
- Retirees - https://www.opm.gov/healthcare-insurance/Guide-Me/Retirees-Survivors/
TSP (Thrift Savings Plan) – like a 401K
- TSP Website with Login
- Vesting Details
- FUND Details and FUND Chart
- L FUND - Lifecycle Fund (Lifecycle 2025, 2030, 2035, 2040, to 2065 and Retired L)
- G FUND – Government Securities
- F Fund – Fixed Income (Bonds)
- C Fund – Common Stocks
- S Fund – Small Cap Stock
- I Fund – International Stocks
CSRS / FERS – Pension Options
- Civil Service Retirement System
- Federal Employees Retirement System
- CSRS – Higher Pension and NO Social Security or TSP
- FERS – Smaller Pension plus TSP and Social Security and Disability Benefits
- Highest 3 years Average basic pay
- UNDER 62 – 1 percent of your high-3 average salary for each year of service
- Age 62+ - 1.1 percent of your high-3 average salary for each year of service
- FERS SPECIAL - Air Traffic Controllers, Firefighters, Law Enforcement Officers, Capitol Police, Supreme Court Police, or Nuclear Materials Couriers
- 1.7% of your high-3 average salary multiplied by your years of service which do not exceed 20, PLUS
- 1% of your high-3 average salary multiplied by your service exceeding 20 years
- Money before Social Security kicks in
SSB (Surviving Spousal Benefit)
Website -
- 50% cost of 10%
- 25% cost of 5%
- 0% cost Nothing
FEHB (Federal Employee Health Benefit)
Website - https://www.opm.gov/healthcare-insurance/
IN THIS SECTION
- Life Events
- Changes in Health Coverage
- Healthcare
- FEHB Plan Comparison Tool
- Dental & Vision
- FEDVIP Plan Comparison Tool
- Life Insurance
- Flexible Spending Accounts
- Long Term Care
- Multi-State Plan Program
- Tribal Employers
- Special Initiatives
- Insurance Glossary
- Insurance FAQs
- Contact Healthcare & Insurance
- The Affordable Care Act
FEGLI (Federal Employee Group Life Ins)
Website - https://www.opm.gov/healthcare-insurance/life-insurance/
- Term Life Insurance ( 1 year to 6 times salary)
- Basic = Annual pay (Example with $57,100 you receive $60K using the formula) – you pay 2/3 of cost
- Optional Coverage types
- A = Employee for 10K
- B = Life of Employee (can elect upto 5 times annual salary)
- C = Life of employees spouse $5K and kids for $2K (can elect up to 5 multiples)
- Option A 2016 Rates
- Option B 2016 Rates
- Option C 2016 Rates
You can also look on a copy of your most recent Standard Form 50, Notification of Personnel Action, to determine the coverage you currently have:
- In Block 27 on that form, there is a 2-character code that represents your current coverage and a definition of the code.
- You can look up the SF50 codes and what they mean.
- You can then use the FEGLI Calculator to determine the current value of your FEGLI by inputting your current age, salary and type(s) of FEGLI coverage.
- If you wish to change your FEGLI life insurance beneficiaries, complete this form and submit it to your human resources office: www.opm.gov/forms/pdf_fill/sf2823.pdf
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