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Course Outline For BENE7102D

Home / Course Outline For BENE7102D

Day one of two
Introduction to Federal Benefits

  • Course and student Objectives
  • Overview of course content
  • Definitions of retirement benefits terms
  • Retirement Questions

Retirement Eligibility

  • Retirement eligibility under CSRS and FERS
  • Establishing your Minimum Retirement Age
  • Determining the best time to retire
  • Eligibility considerations for special employee categories

Annuity Computations

  • Computing creditable service
  • Components of the "High-3" average salary
  • CSRS and FERS basic annuity computations
  • Components of special employee categories
  • Parameters for reductions to annuities
  • How Cost of Living Adjustments impact annuities
  • Re-employment annuities
  • Voluntary retirement annuity contributions

Survivor Benefits

  • Survivor benefits of deceased federal employees
  • Death after separation from federal service
  • Insurable interest eligibility
  • Court awarded survivor annuities
  • Selecting survivor benefits
  • Parameters for children's survivor benefits

Health and Life Insurance Benefits (FEHB/FEGLI)

  • Eligibility considerations for the FEGLI
  • FEGLI continuation coverage options
  • Order of Precedence for FEGLI benefits
  • Post-retirement coverage under the FEHB
  • FEHB and Medicare
  • Flexible Spending Accounts (FSA)

Day two of two
Social Security/Medicare Benefits

  • Key terms and definitions of the Social Security program
  • Social Security eligibility requirements
  • Calculating Social Security benefits using PIA and AIME
  • Windfall Elimination Provision (WEP) and Government Pension Offset (GPO)
  • Eligibility requirements for Medicare

Income Tax Considerations

  • Application of basic tax rules to CSRS benefits
  • Taxation of TSP annuity payments
  • Taxes applied to Social Security benefits
  • Sources of information about retirement income taxes

Thrift Savings Plan

  • TSP participation requirements
  • Meeting your retirement financial needs
  • TSP and CSRS and FERS
  • TSP investment fund options
  • Withdrawal and transfer options of TSP funds
  • Estimating a TSP account balance

Application Forms and Information

  • Uses of the various retirement application forms
  • Information sources available to federal employees
  • Methods for making changes to your records
  • Points of contact for questions
  • Resolving common retirement problems