Tezz ago and everyone my name is derek ifasi I'm the owner of a Fosse Financial Group today's topic I just want to discuss with you the FERS annuity supplement review and kind of explain to you right now you're some sort of if you're watching this video you're some sort of federal employee and you're you might have come into contact with the word the FERS annuity or something known as the CSRs annuity now what the first annuity stands for is the Federal Employees Retirement System federal employers Employees Retirement System and what this does is this is essentially a pension plan this is known as a defined benefit plan okay and this is something that you're offered one of the good things about working for the you know for federal a federal agency is you have really good options for retirement planning the first one is dependent upon when you started working for that employer you might be offered that FERS annuity option and the CSRs annuity option now if you're offered the FERS what this means is after X amount of years of service you're gonna be eligible for a specific dollar amount a specific benefit a defined benefit of lifetime income for either yourself or you and spouse okay so an a prime example would be and I want to basically show you ways on how you leverage this this sort of FERS annuity income stream how you can leverage the Social Security income stream and then leverage the existing amount in your TSP so you could essentially have three different income streams come to you the first annuity and a perfect example would be my uncle he has access to a FERS annuity few years back he executed that that a lifetime income amount...
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Csrs lump sum death benefit calculator Form: What You Should Know
Applying for Death Benefits Under the Civil Service — OPM If you leave a dependent child who meets the qualifying age and condition, a lump-sum death benefit equivalent to the amount of the benefits payable to that child shall be paid immediately. If no dependent child is covered, the lump-sum death benefit shall be paid as soon as the dependent child attains the age of 17 and has met all the following: Is a full-time student in a private, not-for-profit elementary or secondary school; or Is attending any other educational institution with such characteristics as to be accredited What Is the Lump Sum Death Benefit and Who Is Eligible for Jun 20, 2022 — This column discusses the lump sum death benefit paid to survivors of deceased Federal Employees Retirement System (FEES) pensioners who died after September 20, 1986.
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