20 years of service and now no pension

[BumRushDaShow]

9. Here is the issue

For federal employees, and in his case, he is under FERS, he co-contributes to the FERS base, co-contributes to Social Security, and co-contributes (with an up to 5% agency match) to the TSP (Thrift Savings Plan), which is similar to a 401(k). The FERS benefit offers the bridge from a minimum retirement age until eligible for SS benefits and the TSP provides the supplement to all of that.

What I expect is that they could take away the portion that the government provided for the FERS basic portion and TSP match, but can't take away the SS or any money contributed solely by the employee to the TSP.

Also what will probably happen is that he loses the ability to utilize the FEHB (Federal Employees Health Benefits) in retirement (with employee/government contributions continuing as would occur for an active emplyee), as well as FEGLI (Federal Employees Group Life Insurance) that can be carried over into retirement (funded by the employee but at government rates). Plus he would probably lose any future survivors benefits if he signed up for that.

FERS