Key Dates
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| Birth Date | Enter the month/day/year in which you were born (e.g., May 4, 1957 = 05/04/1957) |
| Service Computation Date | Enter the month/day/year when your Federal service began (e.g., November 12, 1979 = 11/12/1979). You must include years, months and days of creditable military service if you want credit for Military time. |
| Transfer (CSRS to FERS) Date | If applicable, enter the month/day/year when you transferred (e.g., September 25, 1987 = 09/25/1987) |
| Proposed Retirement Date | Enter the desired date of retirement as month/day/year (e.g., December 1, 2009 = 12/01/2009) |
Spouse Information
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Spouses' Birth Date |
Enter the month/day/year in which the spouse was born (e.g., May 4, 1957 = 05/04/1957) |
Employment and
Retirement Help
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Employee Type |
Enter one of the following that describes
your type of employment: - Regular - Postal - Air Traffic Controller - Law Enforcement - Fire Fighter |
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Retirement System |
Enter the retirement system you participate
in: - CSRS - FERS - Transfer from CSRS to FERS |
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Retirement Type |
Enter the type of retirement you will
seek: - Regular: A Voluntary retirement with at least: 5 years of service and 62 years old 20 years of service and 60 years old 30 years of service and 55 years old (mra* for FERS) * minimum retirement age - Optional: An Early retirement or a Discontinued Service retirement with at least: 20 years of service and 50 years old 25 years of service and any age - Mandatory: Air Traffic Controller: 20 years of service and 56 years old Law Enforcement: 20 years of service and 57 years old Fire Fighter 20 years of service and 55 years old |
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Hours Saved Each Pay Period |
Enter the average number of sick leave hours you will save each pay period from now until you retire. The maximum for most employees is 4 hours. However, some employee types (e.g., Fire Fighters) can earn more than four hours per pay period. |
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Hours Saved to Date |
Enter the number of sick leave hours you have saved to date. |
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Estimated Annual Salary Increase |
Enter an average percentage increase in
your annual salary each year until you retire. Consider the
following: Annual Cost of Living Increases Step Increases Promotions |
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Current Annual Salary |
Enter your current annual salary.
You can calculate this: Hourly Pay Rate x 2087 Biweekly Pay Rate x 26 |
| CSRS employees can select a survivor
benefit ranging from 0% to 100% Examples: 100% = .5500 x Full Annuity 50% = .2750 x Full Annuity 25% = .1375 x Full Annuity | |
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If FERS, Enter 0%, 25% or 50% |
FERS employees can select one of three
options: 0%, 25%, and 50% Examples: 50% = .50 x Full Annuity 25% = .25 x Full Annuity |
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Note: A minimum Survivor Benefit is required for survivor to continue to receive medical benefits. | |
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Basic |
Select if you are covered by Basic life insurance |
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At Age 65 Reduce By |
You have three choices at retirement: 75%,
50%, and 0% Reduction. If you choose 75%, your Basic Insurance Amount (BIA) will begin to reduce at age 65 or retirement, whichever is later, at the rate of 2% per month until it reaches 25% of the Basic Insurance Amount at retirement. If you choose 50%, the reduction will be at the rate of 1% per month until it reaches 50% of your BIA at retirement. If you choose 0% Reduction, the BIA will not reduce at all after retirement. |
| Option A | Select if you are covered by Option A life insurance. |
| At Age 65 | Effective at the end of the month after the month in which you become age 65 or retire (if later), your Option A coverage will reduce by 2 percent of the pre-retirement amount per month until it reaches 25% of the pre-retirement amount. You cannot choose No Reduction for Option A. |
| Option B | Select if you are covered by Option B - Additional Life Insurance |
| Multiplier | You may elect Option B – Additional Life Insurance in an amount equal to one, two, three, four or five times your annual basic pay (after rounding up to the next $1,000). |
| At Age 65 Reduce By | If you choose Reduction, effective
at the month after the month you become age 65 or retire (if later), the
value of your Full Reduction Option B multiples will reduce by 2% of the
pre-retirement amount per month for 50 months, at which time coverage on
those multiples will end.
If you choose No Reduction, you continue to pay the full premium for the No Reduction multiples for life or until you change your election on those multiples or you otherwise discontinue your coverage. If you choose No Reduction, you can change to Full Reduction at any time. |
| Option C | Select if your Spouse and Dependents are covered by Option C. Option C provides life insurance for your spouse and eligible dependent children. When you elect Option C coverage, all of your eligible family members are automatically covered. |
| Multiplier | You may choose one, two, three, four or five multiples of coverage. Each multiple is equal to $5,000.00 for your spouse, and $2,500.00 for each of your eligible children. |
| At Age 65 Reduce By | If you choose Reduction, effective
at the month after the month you become age 65 or retire (if later), the
value of your Full Reduction Option C multiples will reduce by 2% of the
pre-retirement amount per month for 50 months, at which time coverage on
those multiples will end.
If you choose No Reduction, you continue to pay the full premium for the No Reduction multiples for life or until you change your election on those multiples or you otherwise discontinue your coverage. If you choose No Reduction, you can change to Full Reduction at any time. |
| C, F, and G Fund | Enter the dollar amounts you currently have in the C, F
and / or G Funds.
Your Current Account Balance is available after the monthly processing cycle, once earnings have been allocated to participants' accounts. The previous month's balance (and rates of return) are generally available on the 7th business day of the month. You will need your Social Security number and Personal Identification Number (PIN). If you do not know your PIN, you can request a new one from the Thrift Line (504) 255-8777 |
| Percent of Annual Salary Invested Each Year | Payroll contributions are limited to 5% of
basic pay per pay period for CSRS and 10% for FERS employees.
If you are a FERS employee making more than $100,000, you are limited to a $10,000 contribution. |
| C Fund%, F Fund% and G Fund% |
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| I plan to withdraw my money | The TSP provides three basic ways to
withdraw your account:
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If Monthly mount is selected, then
distribute Savings as follows:
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You can transfer your account balance among the three TSP investment funds while you are receiving monthly payments. |
| My withdrawal will take effect on | Enter the month and year to start withdrawal. Use the mm/yyyy format (e.g., February 2013 = 02/2013). |