Sample Benefit Analysis

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Retirement Annuity and Surviving Spouse Benefit (All figures shown are hypothetical and based on information provided by you. Any change to your benefit elections, salary or other information provided by you could alter these figures.) Benefits Data Calculations based on a COLA (In Retirement) of 1.95% and a 50% Survivor Annuity. Year Age Monthly Annuity No Survivor [A] Monthly Annuity With Survivor [B] Survivor's Monthly Annuity Monthly Difference [A] - [B] * Annual Difference [A] - [B] Accumulated Annual Difference [A] - [B] 1 54 2,741.00 2,467.00 1,371.00 274.00 3,288.00 3,288.00 2 55 2,741.00 2,467.00 1,371.00 274.00 3,288.00 6,576.00 3 56 2,741.00 2,467.00 1,371.00 274.00 3,288.00 9,864.00 4 57 2,741.00 2,467.00 1,371.00 274.00 3,288.00 13,152.00 5 58 2,741.00 2,467.00 1,371.00 274.00 3,288.00 16,440.00 6 59 2,741.00 2,467.00 1,371.00 274.00 3,288.00 19,728.00 7 60 2,741.00 2,467.00 1,371.00 274.00 3,288.00 23,016.00 8 61 2,741.00 2,467.00 1,371.00 274.00 3,288.00 26,304.00 9 62 2,794.45 2,515.11 1,397.73 279.34 3,352.12 29,656.12 10 63 2,848.94 2,564.15 1,424.99 284.79 3,417.48 33,073.60 11 64 2,904.50 2,614.15 1,452.78 290.34 3,484.12 36,557.72 12 65 2,961.13 2,665.13 1,481.11 296.01 3,552.06 40,109.78 13 66 3,018.88 2,717.10 1,509.99 301.78 3,621.33 43,731.11 14 67 3,077.74 2,770.08 1,539.43 307.66 3,691.94 47,423.06 15 68 3,137.76 2,824.10 1,569.45 313.66 3,763.94 51,187.00 16 69 3,198.95 2,879.17 1,600.06 319.78 3,837.33 55,024.33 17 70 3,261.33 2,935.31 1,631.26 326.01 3,912.16 58,936.49 18 71 3,324.92 2,992.55 1,663.07 332.37 3,988.45 62,924.94 19 72 3,389.76 3,050.90 1,695.50 338.85 4,066.22 66,991.17 20 73 3,455.86 3,110.40 1,728.56 345.46 4,145.52 71,136.68 21 74 3,523.25 3,171.05 1,762.27 352.20 4,226.35 75,363.04 22 75 3,591.95 3,232.89 1,796.63 359.06 4,308.77 79,671.80 23 76 3,661.99 3,295.93 1,831.66 366.07 4,392.79 84,064.59 24 77 3,733.40 3,360.20 1,867.38 373.20 4,478.45 88,543.04 25 78 3,806.20 3,425.72 1,903.80 380.48 4,565.78 93,108.82 26 79 3,880.42 3,492.52 1,940.92 387.90 4,654.81 97,763.63 27 80 3,956.09 3,560.63 1,978.77 395.46 4,745.58 102,509.20 28 81 4,033.24 3,630.06 2,017.35 403.18 4,838.12 107,347.32 29 82 4,111.88 3,700.85 2,056.69 411.04 4,932.46 112,279.78 30 83 4,192.07 3,773.01 2,096.80 419.05 5,028.64 117,308.43 31 84 4,273.81 3,846.59 2,137.69 427.23 5,126.70 122,435.13 32 85 4,357.15 3,921.59 2,179.37 435.56 5,226.67 127,661.80 33 86 4,442.11 3,998.07 2,221.87 444.05 5,328.59 132,990.40 34 87 4,528.74 4,076.03 2,265.19 452.71 5,432.50 138,422.90 35 88 4,617.05 4,155.51 2,309.37 461.54 5,538.43 143,961.33 36 89 4,707.08 4,236.54 2,354.40 470.54 5,646.43 149,607.76 37 90 4,798.87 4,319.16 2,400.31 479.71 5,756.54 155,364.30 * Monthly Annuity No Survivor Minus Monthly Annuity With Survivor Public Sector Retirement Educators - Betty Boettcher - 800-587-7476 Page 36 of 56
Social Security and FERS Supplement The term “Social Security” means benefit payments provided to workers and their dependents who qualify as beneficiaries under the Old-Age Survivors, and Disability Insurance (OASDI) programs of the Social Security Act. OASDI replaces a portion of earnings lost as a result of retirement, disability, or death. As an employee with FERS coverage, you have Social Security coverage. You also are covered under Social Security’s Medicare Hospital Insurance program. This pays a portion of hospital expenses incurred while you are receiving Social Security disability benefits or retirement benefits at age 65 or older. Social Security programs provide: 1. Monthly benefits if you are retired and have reached at least age 62, and monthly benefits during your retirement for your spouse and dependents if they are eligible; 2. Monthly benefits if you become totally disabled for gainful employment and benefits for your spouse and dependents if they are eligible during your disability; 3. Monthly benefits for your eligible survivors; and 4. A lump sum benefit upon your death. To become eligible for benefits, you and your family must meet different sets of requirements for each type of benefit. An underlying condition of payment of most benefits is that you have paid Social Security taxes for the required period of time. The amount of monthly benefits you receive is based on three fundamental factors: 1. Average earnings upon which you have paid Social Security taxes, which are adjusted over the years for changes in average earnings of the American work force; 2. Family composition (for example, whether you have a spouse or dependent child who may be eligible for benefits); and 3. Consumer Price Index (CPI) changes that occur after you become entitled to benefits. Benefits are subject to individual and family maximums. Once benefits begin, their continuation may depend upon your meeting a variety of conditions. For example, if you have earnings that exceed specified amounts while you are under age 70, your Social Security benefits will be reduced or stopped. There are special Social Security rules that may affect the benefits of Federal employees, including FERS participants. If you previously had some service that was covered by CSRS (or another similar retirement system for Federal employees), your Social Security benefits may be affected by the Windfall Elimination Provision. If you transferred to FERS and do not complete 5 years of service under FERS, any spousal benefit you are entitled to under Social Security may be reduced because of the Government Pension Offset. Social Security Taxes Most of the cost of Social Security is paid for through payroll taxes. Each year you pay a percentage of your salary up to a specified earnings amount called the maximum taxable wage base. The Federal Government, as your employer, pays an equal amount. The percentage you each pay for old age, survivor, and disability insurance coverage is 6.20% of your earnings up to the maximum taxable wage base. The maximum taxable wage base increases automatically each year based on the yearly rise in average Public Sector Retirement Educators - Betty Boettcher - 800-587-7476 Page 37 of 56
Page 1 and 2: Federal Employee Benefits Analysis
Page 3 and 4: Financial Planning Overview Are you
Page 5 and 6: 7 Misconceptions About Retired Life
Page 7 and 8: Monthly Retirement Income and Expen
Page 9 and 10: Monthly Income / Expense - All Sour
Page 11 and 12: these policies to lower your premiu
Page 13 and 14: Your Retirement Income Determine ho
Page 15 and 16: Monthly Income - Government (All fi
Page 17 and 18: Annual Income Summary - Other Sourc
Page 19 and 20: Your Retirement Expenses Public Sec
Page 21 and 22: Expense Analysis Public Sector Reti
Page 23 and 24: Monthly Expense - Government (All f
Page 25 and 26: Monthly Expense - Other Sources (Es
Page 27 and 28: Personal Federal Employee Benefits
Page 29 and 30: FEGLI and Survivor Benefit Accumula
Page 31 and 32: Government Related Income Analysis
Page 33 and 34: including eligibility to retire, fo
Page 35: Annuity and Survivor Benefit (All f
Page 39 and 40: FERS Supplement and Estimated Socia
Page 41 and 42: CSRS Offset and Estimated Social Se
Page 43 and 44: entitled to agency matching contrib
Page 45 and 46: Specific Dollar Amount. You may req
Page 47 and 48: Thrift Savings Plan (All figures sh
Page 49 and 50: Government Related Expense Analysis
Page 51 and 52: Federal Employees Group Life Insura
Page 53 and 54: Federal Employees Health Benefits (
Page 55 and 56: Federal Long Term Care Insurance Pr

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