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Over-the-counter OTC medications are no longer reimbursable unless prescribed by a doctor. FERSGUIDE-NON-AGENT v8. Unofficial FERS Retirement Benefits FAQ FERSGUIDE for Non-Agent Federal Employees Dan Jamison 2014 Update v8 Thank you for downloading a copy of my unofficial FERSGUIDE. This is a free guide with no strings attached. If you would like to stay in the loop and receive this guide automatically when it is updated please visit www.

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Related content

CSRS/FERS Handbook - OPM
C001 — Administration and General Provisions (PDF file) [254 KB] (12/2019) ... C040 —...
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As announced in October 2022, federal retirees received an 8.7 percent increase for Civil Service Retirement System (CSRS) annuities and Social Security benefits, and a 7.7 percent increase for Federal Employees Retirement System (FERS) annuities in January 2023.

If after you retire you have earnings from wages or self-employment that exceed the limit, your SRS will be reduced by $1 for every $2 over that limit. In 2023 the limit is $19,560. FYI. There is an exception to the earnings limit rule.

In 2023, the 401(k) catch-up amount is $7,500 and the IRA catch-up amount is $1,000. The new law increases the amount of these catch-up contributions. Beginning in 2025, anyone age 60 through 63 will be able to make a catch-up contribution of at least $10,000 to a 401(k). That $10,000 will be indexed to inflation.

What is a Minimum Retirement Age (MRA) plus 10 annuity under the Federal Employees Retirement System (FERS)? This is a provision that allows you to retire with benefits beginning immediately if you have ten years of service and have reached the Minimum Retirement Age (at least 55).

Your annuity supplement will be reduced $1.00 for every $2.00 by which you exceed the exempt amount ($18,960 for 2021). By law, this reduction is effective July 1, 2022. We apply the test only to earnings you received in 2021 after retirement and after you reach the Minimum Retirement Age (MRA).

Minimum retirement age (55 to 57, based on your year of birth) with 30 or more years of creditable service. Age 60 with 20 years or more of creditable service. Age 62 with five or more years of creditable service.

FERS (Immediate or Early) Generally, the benefit is calculated as 1 percent of high-3 average pay multiplied by years of creditable service. For those retiring at age 62 or later with at least 20 years of service, a factor of 1.1 percent is used rather than 1 percent.

FERS annuitants who are retired under a FERS disability retirement are eligible for the FERS COLA at any age. FERS annuitants who retired as a Special Provision Employee (Law Enforcement Officer, Firefighter or an Air Traffic Controller) are eligible for the FERS COLA no matter what age they retire.

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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232