Federal employees approaching retirement or following recent workforce developments may have questions about what to expect. In this episode, Dan and Katelyn explain OPM's retirement process and discuss the recent Schedule Policy/Career changes, including what has and has not changed for federal employees.
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The Fed15 Podcast | Ep. 158: OPM Retirement Timeline + Schedule Policy Career Explained
Katelyn explains OPM's retirement processing timeline, including the five stages of the retirement process from separation through final annuity processing. She discusses interim annuity payments, steps employees can take before retiring to help minimize processing delays, and common reasons retirement applications take longer to complete. Katelyn also reviews important considerations involving FEHB, FEGLI, survivor benefit elections, and preparing retirement paperwork before leaving federal service.
Dan discusses Executive Order 14410 and the Schedule Policy/Career designation. He explains which positions may be affected, how the designation could impact certain civil service protections, and what remains unchanged, including FERS, TSP, FEHB, FEGLI, and Social Security benefits under current guidance. Dan also reviews practical financial planning considerations for employees who may be affected and emphasizes the importance of making retirement decisions based on an individual's circumstances rather than headlines.
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