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FERS employees have more control over their benefits package then CSRS employees. They need to be informed about the benefit package provided, the areas over which they have control and what options they have early in their career. Rehired employees have a 6-month window to choose FERS or Offset CSRS, a choice which is irrevocable. Therefore, employees should be provided with in-depth benefit information early in their employment. They should have an opportunity to ask questions-frequently the right questions cannot be asked just by reading a booklet.
Target Audience: Employees within their first year of service, new hire or rehire. Benefits and requirements change and therefore employees should be required to attend during their first year of employment and invited to attend any year thereafter. This Benefit Orientation should be offered annually.
Subjects covered:
- Retirement, Survivor & Disability Benefits
(FERS & Social Security, Offset CSRS & Social
Security)
When Payable
How Computed
Deposit & Redeposit Rules
Restrictions & Offsets
Military Service Deposit
- Thrift Savings Plan
Compounding of Interest
Investment Options
Participation Rules
- Federal Employees' Group Life Insurance Rules and Options
- Federal Employees' Health Insurance Rules and Options
- Flexible spending Accounts
- Federal Employee's Dental and Vision Insurance Program
- Leave
Annual
LWOP
Leave Bank or Transfer Program
Sick
Family and Medical Leave
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