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Is Your Agency Providing OPM Compliant Financial Education?

OPM requires agencies to accept ‘the primary responsibility for the delivery of retirement financial education to their employees and for supporting financial literacy’. ‘Each agency must develop a retirement financial education plan’ that ‘targets employees at a minimum of three career points: new employee, mid-career, and pre-retirement’. Benefits Administration Letter 11-104 (5 U.S.C. 8350).

Make sure you’re offered the key benefits information required by OPM at all three career points. Federal Employee Benefits Advocates (FEBA) is an approved contractor (CAGE code: 7QGU4) that focuses strictly on education. It was established based on the principle of advocacy, and its mission is to provide educational support to Federal agencies and their employees.

Agencies that desire assistance in fulfilling their responsibility to employees by providing benefits and retirement financial education programs can rely on us to help satisfy those requirements.

Early Stage

An early-career financial education course focuses on building a strong retirement foundation by emphasizing the long-term benefits of early participation in the Thrift Savings Plan (TSP). It provides foundational knowledge on how compounding interest works and the specific advantages of the FERS basic annuity. These sessions are designed to help new employees understand their benefits and identify their unique financial education needs from the start of their federal service.

Middle Stage

Mid-career financial education serves as a critical mid-point assessment to help employees evaluate their progress toward long-term goals. These sessions focus on advanced strategies such as portfolio diversification, maximizing catch-up contributions, and understanding the impact of life changes on federal benefits. By identifying specific financial education needs during this stage, employees can make the necessary adjustments to ensure they remain on track for a secure retirement.

Late State

Late-career education is designed to facilitate a seamless transition into the federal retirement system by providing detailed, technical guidance. The curriculum covers essential topics such as complex annuity calculations, Social Security integration, and various Thrift Savings Plan (TSP) withdrawal options. This final stage ensures that employees fully understand their retirement packages and can execute their plans with confidence as they approach the end of their federal service.

We Can Help!

FEBA is a financial education company. We have spent the last 17 years specializing in the complexities of the benefits provided to non-military federal employees.

Our briefings can be provided to CSRS and FERS employees,(including Special provisions) and may be offered in Full or Half-day sessions. Presentations include graphics that help explain difficult concepts in a manner that’s easy to understand and remember. The information is generally divided into seven key areas.

  • CSRS or FERS Retirement Annuity
  • Thrift Savings Plan (TSP)
  • Voluntary Contribution Plan (VCP) – CSRS and CSRS Offsets only
  • Federal Employees Group Life Insurance (FEGLI)
  • Social Security
  • Federal Employees Health Benefits (FEHB)
    • Dental and Vision
    • Medicare
  • Federal Employees Dental and Vision Insurance Program (FEDVIP)
    Disability

    • Federal employee Compensation Act (FECA),
    • CSRS and FERS Disability annuity,
    • Social Security Disability
    • Federal Long-Term Care Insurance Program (FLTCIP)

Schedule a Consultation

We can discuss developing a solution to meet your needs with program that can be arranged to meet the needs of your agency and its employees. If you have any questions, please give me a call. I look forward to speaking with you soon.

FEBA Advocates is an education company providing resources to agencies and organizations.

WE DO NOT PROVIDE INDIVIDUALIZED FINANCIAL OR RETIREMENT ADVICE.

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