Stay Informed About Your Federal Benefits
Important information, frequently asked questions, and resources to help you understand your FERS benefits and make confident retirement decisions.
Latest Federal Employee News
DHS Shutdown Leaves TSA Workers and Federal Employees in Limbo
A partial government shutdown is now in effect after Congress failed to approve funding for the Department of Homeland Security. The shutdown directly impacts thousands of federal employees, including TSA workers at airports nationwide, who are required to continue working without pay until a deal is reached.
The vast majority of DHS employees are classified as essential and must report to work despite the funding lapse. While they will receive backpay once the shutdown ends, the immediate financial strain is significant -- especially for workers who live paycheck to paycheck. Union leaders warn that repeated shutdowns are eroding morale and making it harder for agencies like TSA to retain experienced workers.
Other DHS agencies affected include the U.S. Coast Guard, FEMA, and the Cybersecurity and Infrastructure Security Agency (CISA). Air traffic controllers, who fall under the Department of Transportation, are not impacted as that department's funding has already been enacted for this fiscal year.
What this means for federal employees:
- Essential DHS employees must continue working without immediate pay
- Backpay will be provided once the shutdown ends and funding is restored
- If the shutdown extends beyond two weeks, federal workers may miss paychecks
- Now is a critical time to review your financial plan and emergency savings
During times of uncertainty, having a solid retirement and financial plan is more important than ever. If you're a federal employee concerned about how shutdowns, furloughs, or policy changes may affect your benefits, our specialists can help you understand your options and build a strategy for long-term security.
Understanding Your FERS Benefits
The Federal Employees Retirement System has three components that work together to provide your retirement income.
FERS Pension Annuity
Your FERS Pension Annuity is calculated based on your years of service and high-3 average salary. Understanding how this formula works is essential for planning your retirement income.
Thrift Savings Plan (TSP)
The TSP is a defined contribution plan similar to a 401(k). Federal employees receive agency matching contributions and can choose from several investment fund options.
Social Security
As a FERS employee, you're covered by Social Security. Understanding how your Social Security benefit coordinates with your FERS annuity is critical for retirement planning.
Minimum Retirement Age (MRA)
Your MRA depends on your birth year and ranges from 55 to 57. Knowing your MRA helps determine when you can begin receiving your unreduced FERS annuity.
FEHB in Retirement
Federal Employees Health Benefits can continue into retirement if you've been enrolled for the required period. This is a valuable benefit that requires advance planning.
Survivor Benefits
FERS provides survivor benefits that can protect your spouse and eligible family members. Understanding the costs and options helps ensure your loved ones are covered.
Important Reminders
Key things to keep in mind as you prepare for your federal retirement.
Federal Employee Retirement Questions
Common questions from federal employees about our services and retirement planning.