The Federal Employee Group Life Insurance (FEGLI) program is one of the largest group plans in the world, with over 4 million federal workers and retirees. It is made up of four components: basic coverage, and then options "A," "B," and "C." In order to receive "A," "B," and "C," you need basic coverage. However, each of these options covers you in different ways. So, in this episode, Michael, Tommy, and John will be explaining what each of these components entails.

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Federal employees who execute particular duties are categorized as law enforcement officers (LEOs) and are entitled to enhanced retirement benefits under the CSRS or Federal Employees Retirement System (FERS). So, for the third installment of the FERS episodes, Michael, Tommy, and John will be discussing the special provisions of law enforcement, specifically the differing factors between LEOs and normal FERS.

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The Federal Employees Retirement System (FERS) is not just a retirement system. It's a disability policy, a life insurance policy, and it's a cash accumulation vehicle. FERS is one of the most important benefits you receive as a federal employee, and its flexibility allows you to choose what is best for your individual situation. In this episode, Michael, Tommy, and John will be discussing how to utilize both FERS and Social Security benefits in your retirement.

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Congress created the Federal Employees Retirement System (FERS) in 1986, and since that time, new federal civilian employees who have retirement coverage are covered by this system. FERS provides benefits from three different sources: a Basic Benefit Plan, Social Security, and the Thrift Savings Plan (TSP). However, many federal employees who have worked in the industry for years are still uncertain about what their benefits are going to be. So, in this episode, Michael, Tommy, and John will be discussing everything you need to know about FERS, including several surprising benefits you may not be aware of.

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After our last episode, you should be familiar with the benefit calculation, the survivor benefit decision, and the greatest tax loophole ever created surrounding the Civil Service Retirement System. However, that is not all you need to know on this subject. The CSRS is not just a pension program—it is so much more than that. So, in this episode, Michael, Tommy, and John will be discussing the additional benefits to be aware of in regards to the Civil Service Retirement System.

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The Civil Service Retirement System is a public pension fund that was created in January of 1920—and has remained virtually unchanged for over a century. During the coming years, we will see the retirement of the remaining active CSRS employees, so what can they expect? In this episode, Michael, Tommy, and John discuss the benefit calculation, the survivor benefit decision, and the greatest tax loophole ever created.

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Whether you're military or a federal employee, there are many good reasons that you should simply say "yes" when it's time to elect survivor benefits. This may be one of the most important financial decisions you will make, and it is not one to make lightly. So, in this episode, Michael, Tommy, and John will be sharing the reasons to consider opting into the survivor benefit program. Access the full show notes at Mason & Associates, LLC

Welcome to the Federal Employee Financial Planning Podcast, where you'll find unique planning techniques and strategies that will help federal employees maximize their benefits. Each episode, you'll hear from financial advisors with Mason & Associates, where we have over three decades of experience serving as financial planners for federal employees. In this inaugural episode, Michael Mason will be joined by Tommy Blackburn and John Mason to discuss everything you should (and should not) do to ensure your golden years are exactly the way they should be: exciting, relaxing, and financially stable.

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