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NATIONAL GUARD RETIREMENT OVERVIEW

TECHNICIAN RETIREMENT AND THE IMPACT OF SOCIAL SECURITY, THE THRIFT SAVINGS PLAN, & MILITARY RETIREMENT,. NATIONAL GUARD RETIREMENT OVERVIEW . Components CSRS or FERS Retirement Social Security Thrift Savings Plan Military Retirement.

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NATIONAL GUARD RETIREMENT OVERVIEW

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  1. TECHNICIAN RETIREMENT AND THE IMPACT OF SOCIAL SECURITY, THE THRIFT SAVINGS PLAN, & MILITARY RETIREMENT,

  2. NATIONAL GUARD RETIREMENT OVERVIEW • Components • CSRS or FERS Retirement • Social Security • Thrift Savings Plan • Military Retirement

  3. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  4. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  5. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  6. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE 01/01/1960

  7. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  8. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  9. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE 01/01/1960

  10. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  11. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  12. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  13. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  14. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  15. NATIONAL GUARD RETIREMENT CSRS/FERS RETIREMENT ESTIMATE

  16. ESTIMATE REPORT

  17. FERS Annuity Supplement Annual leave Assumptions: No Part Time Service All deposits are paid

  18. DEFINITIONS

  19. NATIONAL GUARD RETIREMENT IMPACT OF MRA +10 RETIREMENT Optional Retirement

  20. NATIONAL GUARD RETIREMENT IMPACT OF MRA +10 RETIREMENT MRA+ 10 Retirement Both the Gross Annuity and Net Annuity are impacted Net is $445 less than the optional retirement

  21. NATIONAL GUARD RETIREMENT IMPACT OF PAYING MILITARY DEPOSITS Military Deposit NOT Paid

  22. NATIONAL GUARD RETIREMENT IMPACT OF PAYING MILITARY DEPOSITS Military Deposit PAID Net is $379 MORE per MONTH PERMANENTLY than without the military deposit ($45,480 over 10 years The Gross & Net Annuity and date of retirement are impacted

  23. NATIONAL GUARD RETIREMENT IMPACT OF PAY CHANGES • What will impact the estimate: • Type & date of retirement • Years of service • Future promotions • Step increases • General adjustments • Length of service • Military deposits (paid vs. unpaid) • Change of duty location (i.e. San Francisco vs. Fresno) • Reductions • Deductions

  24. SOCIAL SECURITY • Based on years paid into Social Security • Benefits impacted by age at time of application • Contact Social Security Administration: • www.socialsecurity.gov • 1-800-772-1213

  25. THRIFT SAVINGS PLAN • Options at retirement • Partial Withdrawal • Full Withdrawal • Calculators

  26. THRIFT SAVINGS PLAN • Contact TSP: • www.tsp.gov • 1-TSP-YOU-FRST (1-877-968-3778) • Available Monday-Friday 0700 – 2100 Eastern time

  27. MILITARY RETIREMENT • To obtain a personal military retirement calculation, go to: • Air Force: • Air Force Portal/VPC-GR/Guard Retired Pay Calculator • https://gum-crm.csd.disa.mil/app/processes/form/fn/rpc • Army: • https://www.hrc.army.mil/Calculators/RetirementCalc.aspx

  28. MILITARY RETIREMENT – AIR FORCE Base Retired Pay: (Estimated) $3024.46

  29. MILITARY RETIREMENT – ARMY

  30. BIG PICTURE

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