Service Computation Date:
Is the commencing date of full time employment. For the purposes of computing the estimate, please include any military service. For example, if you started full time employment on 1/1/1990 and had three years of military service, back date your SCD three years, ie to 1/1/87. (1/1/1990 full time commencement - 3 years military service = SCD of 1/1/1987).
Re-Deposit Service :
Employees who took a refund of their CSRS contributions after September 30, 1990 must repay that money, plus any applicable interest, before the period of time covered by the refund can be credited in the computation of their annuity. If the deposit is not made, the time can still be counted for determining their eligibility to retire and their "high-3" average salary.
Employees who took a refund of their CSRS retirement before October 1, 1990, and return to federal service have a choice to make. Such workers can either repay the outstanding amount plus interest before retiring or elect to have their annuity actuarially reduced.
Non-Deduction Service:
Employees who performed creditable service before October 1, 1982, for which no CSRS deductions are entitled to receive credit for this service in the computation of CSRS annuity benefits without being subject to a requirement that they make a deposit to cover that period of service. However, if they do not make a deposit for the period of non-deduction service, the annuity otherwise payable will be reduced by an amount equal to 10 percent of the amount unpaid, plus accrued interest.
Basic FEGLI:
In general, the Basic insurance amount equals an employee's annual pay rounded to the next higher $1,000 plus $2,000. Each amount of Basic insurance shown carries with it an accidental death and dismemberment protection. Employees under the age of 36 are eligible for Basic Insurance coverage in an amount equal to their annual salary rounded to the next higher thousand dollars, plus $2,000, multiplied by two. Beginning at age 36, the multiplication of factor for the amount of Basic insurance will decline by 0.1 each year, until it reaches 1.0 for employees age 45 and over.
For greater detail visit http://www.opm.gov/insure/life/ Federal employees covered under the basic life insurance program have the option of purchasing an additional $10,000 worth of FEGLI insurance,
Option A. For covered employees not retirees), selection of the Option A coverage also results in an equal amount of accidental death and dismemberment protection.
Via Option B federal employees with basic coverage may elect "additional optional insurance" in an amount equal to one, two, three, four, or five times their actual rate of annual base pay rounded up to the next $1,000. Accidental death and dismemberment coverage is not included with this coverage.
With Option C
federal employees may elect family optional insurance to cover eligible family members.
The coverage amount is equal to up to five multiples of $5,000 for a spouse and up to five multiples of $2,500
for each eligible child. For greater detail visit http://www.opm.gov/insure/life/
G - Fund
Managed directly by Thrift Investment Board and invests in short-term non-marketable U.S. Treasury securities. The G Fund earns interest at a rate that is equal, by law, to the average return on U.S. Treasury securities with four or more years to maturity.
F - Fund
Managed by Barclays, is a bond index fund. The fund is invested primarily in a bond index that tracks the Lehman Brothers Aggregate (LBA) bond index.
This bond index consists of high-quality fixed income securities representing the U.S. government, corporate, and mortgage backed securities.
C - Fund
C-Fund is primarily invested in the Barclays Equity Index Fund and tracks the S&P 500 index, which provides a representative measure of stock market performance of 500 companies traded in U.S. stock markets, primarily on the New York Stock Exchange. These stocks represent more than 100 separate industries grouped into four major sectors: industrials, utilities, financials and transportation. The stocks make up about three-fourths of the market value of the U.S. Stock Market.
S - Fund
It is invested in the Barclays Extended Market Index fund which tracks the Wilshire 4500 Index. This index represents about ¼ of the market value of the U.S. Stock Market, consisting of medium and small companies whose stocks are not in the S&P 500.
I - Fund
Is invested in the Barclays EAFE Index Fund, which consists of the stocks of companies in 20 countries representing nearly ½ the value of the world stock market. The primary source of earnings is the net changes in the prices of stocks, although at times foreign currency exchange rates relative to the US dollar can be a more significant component of the results of stock price gains or losses.
Catch up Contribution
Investors age 50 and older may make up "catch up" contributions of up to $3,000 in 2004, $4,000 in 2005, and $5,000 in 2006.
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
2004 Federal Employees Almanac published by the Federal Employees News Digest
INVEST Financial Corporation (INVEST), member FINRA,
SIPC,
a registered broker dealer and registered investment adviser, is not affiliated with
Byrens, Morrison, Nordmann and associates. Securities, advisory services and insurance products are offered through INVEST and its affiliated insurance agencies
and are ·not insured by the FDIC or NCUA ·not a deposit or other obligation of, or guaranteed by any bank or credit union ·subject to risks including the possible loss of principal amount invested.
This site is for informational purposes only and is not intended to be a solicitation or offering of any security and;
1.
Representative of a broker-dealer ("BD") or investment advisor ("IA") may only conduct business in a state if the representatives and the BD or IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, the state; or (b) are excluded or exempted from the state''s licensure requirements.
2.
Representatives of a BD or IA are deemed to conduct business in a state to the extent that they provide individualized responses to investor inquiries that involve (a) effecting, or attempting to effect, transactions in securities; or (b) rendering personalized investment advice for compensation.
INVEST Financial Corporation (INVEST), member FINRA,
SIPC,
a registered broker dealer and registered investment adviser, is not affiliated with
Byrens, Morrison, Nordmann and associates. Securities, advisory services and insurance products are offered through INVEST and its affiliated insurance agencies
and are ·not insured by the FDIC or NCUA ·not a deposit or other obligation of, or guaranteed by any bank or credit union ·subject to risks including the possible loss of principal amount invested.
This site is for informational purposes only and is not intended to be a solicitation or offering of any security and;
1.
Representative of a broker-dealer ("BD") or investment advisor ("IA") may only conduct business in a state if the representatives and the BD or IA they represent (a) satisfy the qualification requirements of, and are approved to do business by, the state; or (b) are excluded or exempted from the state''s licensure requirements.
2.
Representatives of a BD or IA are deemed to conduct business in a state to the extent that they provide individualized responses to investor inquiries that involve (a) effecting, or attempting to effect, transactions in securities; or (b) rendering personalized investment advice for compensation.
