Federal Pensions
Understanding Your Options With Federal Employee Pension Annuity
Outside of the federal government, there are very few employers who provide a lifetime pension at retirement. It is a fantastic benefit, but like many benefits, it is critical that you know your options before beginning your retirement planning. We offer education about your government pension that could be worth your while.
What factors are used to calculate your pension?
It starts with an average of the three highest years of your base salary. In many cases, this will occur the last three years prior to your retirement.
What happens to your pension at the time of your death?
Whether you are a Federal or Civil employee, it is important to know your survivor benefits.You will need to make choices now that will impact what happens to your pension at the time of your death.
What's Your Next Step?
MyFedLife is pleased to offer a Complimentary Benefit Analysis to qualified Federal Employees enrolled in the FERS or CSRS retirement plans.This will help government workers better understand where they are today, and what they need to help reach their retirement goals tomorrow.