Nowadays almost all countries provide pensions on retirement in old age which is sponsored by either the employers and / or the government. There exists numerous retirement plans providing pensions, savings, investments and financial security. In this age of technology, one can get easy access to best retirement plans and its benefits, updates and notices with the help of internet. The United States government has an independent agency named as “The United States Office of Personnel Management (OPM)” that manages the public service of the federal government. It is working on a site that helps American people with their retirement strategies. Information about various pre retirement and post retirement plans are easily available on the website www.opm.gov.
Planning for retirement is easy by going through pre retirement section. It consists of detailed information about various retirement plans such as:
CSRS Retirement: Only individuals with at least five years of federal service in a position subject to CSRS coverage for one of the last two years before the retirement are suitable to be covered under CSRS plan. Two types of creditable services are provided under CSRS plan – CSRS civilian and CSRS military services. To get the retirement voluntarily on an immediate annuity, the only requirement is: an individual must be of fifty five years with thirty years of service, or of sixty years with twenty years of service or at any age with twenty five years of service. Continue reading »