If you are a Special Provisions Employee you have a mandatory retirement date. Careers as Air Traffic Controllers, Federal Police, Firefighters, and many others have a different retirement system than other federal employees. These positions get special treatment by having a specific retirement date. The amount of money the government is contributing to their retirement annuity. As a Special Provisions Employee, it is important that you understand the mandatory retirement dates. Also your retirement contributions to ensure you are able to retire when the government tells you to.
Many of the Special Provisions Employees also have military time that may be eligible to count towards retirement and many of these employees could retire earlier than they thought if they knew the time counted.
MANY OF THE SPECIAL PROVISIONS EMPLOYEES ALSO HAVE MILITARY TIME THAT MAY BE ELIGIBLE TO COUNT TOWARDS RETIREMENT
Another area that commonly affects this group of federal employees is when they retire and seek employment in the private sector. Working in the private sector means you are contributing to social security and this can ultimately affect your government pension if you accumulate 40 quarters of SSI in your new job (CSRS). It is critical that you understand those rules and implications upfront. So you know how to get the most out of your pension and a future private-sector job.
Because of the special nature of this group of employees, navigating your benefits can be extremely confusing and overwhelming. Make sure you know the facts so you can get the most out of your hard-earned money. Don’t take chances with your future and your retirement. Internal Benefits Advisors can provide you with the knowledge, information, and advice to make the right decisions.
Call us today at (800) 484-5993. To secure your FREE counseling session appointment to review your federal benefits and retirement outlook!
