✅ What Federal Workers Need To DO NOW. 📂Checklist before RIF DOGE. (Reduction in Force)

It's important for federal employees to be prepared for potential career transitions, whether those are planned retirements or unexpected job separations. Here's a checklist that covers key areas:

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I. Financial Preparation:

Thrift Savings Plan (TSP):
Understand your TSP investment options and withdrawal rules.
Calculate your estimated retirement income from TSP.
Consider consulting a financial advisor for personalized guidance.
Federal Employees Retirement System (FERS) or Civil Service Retirement System (CSRS):
Obtain accurate estimates of your pension benefits.
Understand the impact of different retirement dates on your benefits.
Clarify any questions about survivor benefits.
Social Security:
Create a "My Social Security" account to track your earnings and estimate future benefits.
Determine the optimal age to claim Social Security benefits.
Budgeting:
Create a post-employment budget to ensure your income will cover your expenses.
Pay down debts to reduce financial burdens.
Emergency Fund:
Maintain an emergency fund to cover unexpected expenses.
II. Benefits and Insurance:

Federal Employees Health Benefits (FEHB):
Understand your FEHB options in retirement.
Research Medicare eligibility and how it coordinates with FEHB.
Federal Employees' Group Life Insurance (FEGLI):
Review your FEGLI coverage and consider whether you need to maintain it in retirement.
Explore options for converting your FEGLI to an individual policy.
Other Benefits:
Understand the continuation of dental, vision, and long-term care insurance.
Clarify the status of any accrued leave balances.
III. Documentation and Records:

Personnel Records:
Obtain copies of your official personnel records (eOPF).
Ensure your records are accurate and complete.
Retirement Documents:
Gather all necessary documents for your retirement application, such as marriage certificates, military records, and court orders.
Financial Records:
Organize your financial records, including investment statements, tax returns, and insurance policies.
IV. Job Separation (Involuntary):

Understand Your Rights:
Familiarize yourself with your rights regarding job separations, including appeal processes.
Obtain information about severance pay and unemployment benefits.
Professional Networking:
Update your resume and professional profiles.
Start networking with contacts in your field.
Career Transition Services:
Explore career counseling and job placement services.
Consider retraining or education opportunities.
V. Retirement Specific Items:

Retirement Date:
Coordinate your retirement date with your agency's HR department.
Contact OPM:
Become familiar with the Office of Personnel Management (OPM) retirement services.
Create a services online account with OPM.
Post retirement planning:
Consider what you will do with your time in retirement.
Plan for hobbies, travel, or volunteer work.
Key Resources:

Office of Personnel Management (OPM): OPM's website is a valuable resource for federal employee benefits and retirement information.
Your Agency's Human Resources Department: Your agency's HR department can provide personalized guidance and assistance.
National Active and Retired Federal Employees Association (NARFE): NARFE offers resources and advocacy for federal employees and retirees.
By taking these steps, federal workers can better prepare for a smooth transition to the next chapter of their lives.

The information provided in this document is for entertainment and informational purposes only. It is not intended as legal, financial, or tax advice. I am not your attorney, financial advisor, or tax professional. The content provided should not be relied upon as a substitute for professional advice. Laws and regulations are subject to change, and individual circumstances vary. Always consult with a qualified attorney, financial advisor, and/or tax preparer to discuss your specific situation and ensure you are making informed decisions. Reliance on any information provided herein is solely at your own risk."

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