Shows & Panels
- The 2014 Big Picture on Cyber Security
- AFCEA Answers
- Ask the CIO
- Building the Hybrid Cloud
- Connected Government: How to Build and Procure Network Services for the Future
- Continuing Diagnostics and Mitigation: Discussion of Progress and Next Steps
- Federal Executive Forum
- Federal Tech Talk
- The Future of Government Data Centers
- The Future of IT: How CIOs Can Enable the Service-Oriented Enterprise
- The Intersection: Where Technology Meets Transformation
- Maximizing ROI Through Data Center Consolidation
- Moving to the Cloud. What's the best approach for me
- Navigating Tough Choices in Government Cloud Computing
- The New Generation of Database
- Satellite Communications: Acquiring SATCOM in Tight Times
- Targeting Advanced Threats: Proven Methods from Detection through Remediation
- Transformative Technology: Desktop Virtualization in Government
- The Truth About IT Opex and Software Defined Networking
- Value of Health IT
- Air Traffic Management Transformation Report
- Cloud First Report
- General Dynamics IT Enterprise Center
- Gov Cloud Minute
- Government in Technology Series
- Homeland Security Cybersecurity Market Report
- National Cybersecurity Awareness Month
- Technology Insights
- The Cyber Security Report
- The Next Generation Cyber Security Experts
Shows & Panels
Recently retired fed gives advice
Monday - 1/31/2011, 12:30pm EST
Porter started as a GS-2 working in the mail room. He followed his interest in writing and rose to become head of the FBI's public affairs department.
Thrift Savings Plan
Porter recommends that federal employees put in as much money as they can into the Thrift Savings Plan.
"I'm pretty much a supporter of the L-fund concept. Pick one closest to the year you plan to withdraw the money, not necessarily when you plan to retire," he said.
Interim retirement pay
While the Office of Personnel Management finalizes processing your separation of service, you will receive "interim" payments, which will not be your full annuity.
"What's hurtful for retirees sometimes is getting less money than expected," Flanagan said.
According to OPM, "These payments represent a portion of your final benefit and are usually made on the first business day of each month."
Flanagan said that some federal employees who are planning to retire accumulate their annual leave days in the months or even year before retiring so they can receive a pay-out for the unused annual leave.
For the first time since the Federal Long Term Care Insurance Program (FLTCIP) started eight years ago, OPM is holding an open season, starting in April.
The federal register stated the open season will end in May, but Flanagan said the end date will actually be in June.
Employees and retirees can enroll anytime of the year, not just during the open season. However, during open season, the process is simplified. Enrollees don't have to answer as many health-related questions during open season, Flanagan said.
As Federal News Radio reported previously, employees who are no longer in the workforce must apply under full underwriting, a longer process that requires more proof of their health status.
- Review your personnel records
- Request a retirement estimate
- Check into your insurance benefits
- Update your beneficiary forms
- Know your true service computation date