Results 1 to 4 of 4

Thread: hmmmm?

  1. #1
    TheMailman is offline Rookie
    Join Date
    Jan 2005
    Location
    , ,
    Posts
    15

    Post imported post

    FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security, and the Thrift Savings Plan. Two of the three parts of FERS (Social Security and the Thrift Savings Plan) are portable should you leave the Federal Government before retirement. FERS gives you more control over the retirement benefits you receive.



    Does this mean I will receive 3 cheacks?


  2.  
  3. #2
    Rolo is offline Club TSP
    Join Date
    Mar 2004
    Location
    , Colorado, USA
    Posts
    1,463

    Post imported post

    I don't know about the "Basic Benefit Plan", but you will receive your distributions from your TSP and you will receive either a check or an IOU from Socialism Security.

  4.  
  5. #3
    pogo is offline TSP Talker
    Join Date
    Jun 2004
    Location
    canonsburg, Pennsylvania, USA
    Posts
    206

    Post imported post

    you will receive a check for your high three(usually your last three years before you retirebecause of contract and inflation unless you go into a lower paying job those last three years). Then you will receive your ss check then you still have your Thrift saving to do what ever you want to do. i work for the post office asa clerk

  6.  
  7. #4
    Wheels is offline Inactive
    Join Date
    Mar 2004
    Posts
    1,005

    Post imported post

    TheMailman wrote:

    Does this mean I will receive 3 cheacks?
    Potentially.

    You may also be eligible for a social security supplement if you retire before you turn 62. You will get a check once a month that will include both your retirement and your social security supplement. When you turn 62 you will no longer get the SS supplement, but you will probably be eligible to begin collecting social security (depending on what happens to it between now and then). So now you will be getting one check from OPM and one from SSA. You will get a separate check from TSP depending on which withdrawal option you select.

    Hope this helps

    Dave

  8.  

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P 500 (C fund)
[Chart]
1d  5d  3m  6m  1y  2y
Dow Completion (S fund)
[Chart]
1d  5d  3m  6m 
EFA (I fund)
[Chart]
1d  5d  3m  6m  1y  2y
Bonds (F fund)
[Chart]
1d  5d  3m  6m  1y  2y