Quiz 18 on Federal Employee Retirement Benefits

The latest quiz on TSP, Disability Retirement, and the Pay Cap–

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Created on August 05, 2022 By Benefits Ben

Quiz 18: FERS Disability Benefits, TSP, and Pay Caps

The latest quiz from Serving Those Who Serve – test your knowledge!

1 / 3

If you’re under 62 and taking FERS disability income, it is reduced by any social security disability income you received. How much of that social security benefit is the FERS benefit reduced by?

60% in the first 12 months, 100% after the first 12 months

100% in the first 12 months, 60% after the first 12 months

100%

60%

100% of any social security disability income receive is subtract from the FERS disability benefit – in the first 12 months. The reduction is 60% after the first 12 months. Read More Here.

2 / 3

In which locality is the GS-15, step 10 salary closest to the federal pay cap without reaching that limit of $176,300/year?

Columbus, OH

Cleveland, OH

Cincinnati, OH

Dayton, OH

Dayton, OH. The GS-15, step 10 salary for 2022 in that locality is $176,006 – just $294 short of the $176,300 pay cap. Read More Here.

3 / 3

From August 1, 2021 to July 31, 2022, which of the following TSP core funds fell the least in value?

C-Fund

F-Fund

S-Fund

I-Fund

C-Fund. As of the 7/31/22, the 12-mo. returns for the 4 funds were:

• C, -5.15%
• F, -8.74%
• I, -14.23%
• S, -22.12%

Read More Here.

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The average score is 30%

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**Written by Benjamin Derge, Financial Planner, ChFEBC℠ The information has been obtained from sources considered reliable but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Benjamin Derge and not necessarily those of RJFS or Raymond James. Links are being provided for information purposes only. Expressions of opinion are as of this date and are subject to change without notice. Raymond James is not affiliated with and does not endorse, authorize, or sponsor any of the listed websites or their respective sponsors.

Federal Employee Retirement Benefits Quiz