Family Life Financial Services - Federal Employee Retirement

(517) 381-3440

4121 Okemos Rd # 12

Okemos, MI 48864-3220

Government Services

Federal Employee Retirement - FERS

Federal Employee Retirement Services - Family Life Financial Services

Cost of Retirement

FERS

Contributions	Employee	Employer

Retirement

.80%

12.90%

Social Security

6.20%

Medicare

1.45%

TSP

1.00%

Total	8.45%	21.55%

Eligibility Requirements For FERS
Type of Retirement	Year of Birth	Minimum Age	Minimum Service For Un-reduced Benefits (Years)	Minimum Service For Reduced Benefits**	Special Requirements
Optional and Deferred	N/A N/A Before 1948 1948 1949 1950 1951 1952 1953-1964 1965 1966 1967 1968 1969 1970 & After	62 60 55 55 & 2 mos 55 & 4 mos 55 & 6 mos 55 & 8 mos 55 & 10 mos 56 56 & 2 mos 56 & 4 mos 56 & 6 mos 56 & 8 mos 56 & 10 mos 57	5 20 30 30 30 30 30 30 30 30 30 30 30 30 30	N/A N/A 10 10 10 10 10 10 10 10 10 10 10 10 10	None None **Reduction is 5 percent for each year the employee is under age 62.
Optional	N/A N/A	50 Any	20 25	N/A N/A	LE/FF MAJOR RIF ATC
Discontinued Service	N/A N/A	50 Any	20 25	N/A N/A

Securities offered through Sigma Financial Corporation. Member FINRA/SIPC. Investment advisory services offered through Sigma Planning Corporation, a registered investment advisor. Family Life Financial Services is independent of Sigma Financial Corporation and Sigma Planning Corporation.

(517) 381-3440

4121 Okemos Rd # 12

Okemos, MI 48864-3220

Government Services

Cost of Retirement

FERS

Contributions

Employee

Employer

Retirement

.80%

12.90%

Social Security

6.20%

6.20%

Medicare

1.45%

1.45%

TSP

1.00%

Total

8.45%

21.55%

Eligibility Requirements For FERS

Type of Retirement

Year of Birth

Minimum Age

Minimum Service For Un-reduced Benefits (Years)

Minimum Service For Reduced Benefits**

Special Requirements

Optional and Deferred

N/A N/A Before 1948 1948 1949 1950 1951 1952 1953-1964 1965 1966 1967 1968 1969 1970 & After

62 60 55 55 & 2 mos 55 & 4 mos 55 & 6 mos 55 & 8 mos 55 & 10 mos 56 56 & 2 mos 56 & 4 mos 56 & 6 mos 56 & 8 mos 56 & 10 mos 57

5 20 30 30 30 30 30 30 30 30 30 30 30 30 30

N/A N/A 10 10 10 10 10 10 10 10 10 10 10 10 10

None None **Reduction is 5 percent for each year the employee is under age 62.

Optional

N/A N/A

50 Any

20 25

N/A N/A

LE/FFMAJOR RIFATC

Discontinued Service

N/A N/A

50 Any

20 25

N/A N/A

Optional
and
Deferred

N/A
N/A
Before 1948
1948
1949
1950
1951
1952
1953-1964
1965
1966
1967
1968
1969
1970 & After

62
60
55
55 & 2 mos
55 & 4 mos
55 & 6 mos
55 & 8 mos
55 & 10 mos
56
56 & 2 mos
56 & 4 mos
56 & 6 mos
56 & 8 mos
56 & 10 mos
57

5
20
30
30
30
30
30
30
30
30
30
30
30
30
30

N/A
N/A
10
10
10
10
10
10
10
10
10
10
10
10
10

None
None
**Reduction is 5 percent for each year the employee is under age 62.

N/A
N/A

50
Any

20
25

N/A
N/A

LE/FF
MAJOR RIF
ATC

Discontinued
Service

N/A
N/A

50
Any

20
25

N/A
N/A