Federal retirement is a plan that gives federal employees benefits after they stop working, including a pension, Social Security, and TSP (Thrift Savings Plan).

FERS stands for Federal Employees Retirement System, and it includes Social Security, a pension, and the Thrift Savings Plan.

Eligibility depends on your age and years of service. Generally, you need to be at least 57 with at least 30 years of service.

The TSP is a retirement savings plan similar to a 401(k) that lets federal employees invest for their future.

It’s recommended to contribute at least 5% to get the full employer match. Many experts suggest saving 10-15% for a comfortable retirement.

Yes, but early withdrawals can lead to penalties and taxes unless certain exceptions apply.

You can leave it in the TSP, roll it into another retirement account, or withdraw it, but there may be taxes and penalties if you’re under 59½.

You can start Social Security at age 62, but waiting until full retirement age (67) or later can give you a higher monthly benefit.

Your FERS pension is based on your salary, years of service, and a calculation factor (usually 1% or 1.1%).

Yes, federal retirees can keep their FEHB (Federal Employee Health Benefits) in retirement if they meet certain conditions.

CSRS is an older retirement system without Social Security, while FERS includes Social Security, a pension, and TSP. Most employees now have FERS.

Your spouse or dependents may be eligible for survivor benefits, which you can set up as part of your retirement plan.

A retirement annuity is a regular monthly payment made to retired federal employees from their FERS pension.

Yes, you can work after retirement, but it may affect your pension and Social Security benefits if you earn above certain limits.

The FERS supplement is a temporary payment for federal retirees who retire before age 62 and bridges the gap until Social Security begins.

Add your FERS pension, TSP withdrawals, and Social Security. You can use online calculators for a more detailed estimate.

With FERS, you can retire at the minimum retirement age (MRA) with 30 years of service or age 60 with 20 years of service.

Phased retirement lets eligible federal employees work part-time while beginning to draw part of their retirement benefits.

FEGLI stands for Federal Employees' Group Life Insurance, which provides life insurance options for federal employees and retirees.

In most cases, you cannot change benefits like your pension amount after retirement, so it's essential to choose options carefully.