Business Continuity during the COVID-19 Pandemic
From government to the private sector, we are all facing a unique and extraordinary challenge. COVID-19 has put a stop to our everyday routines, and in some ways, has made us reassess our priorities.
Your financial stability, and in turn, your retirement, may be one of those reassessed priorities.
As a company that provides essential information to government employees and financial advisors alike, we understand the vital nature of your retirement needs. During this extraordinary time of uncertainty, we will continue to meet your needs in a timely manner.
We at Snow Federal Retirement Seminars want to reassure you that business continues as normal, and knowing that, we are here to answer any questions you may have.
We’d like to announce the following:
- We are doing webinars by state. Be on the lookout for those announcements!
- If you are looking for a registered advisor in your area, visit www.chfebc.com
Overall, we’re all in this together, and together, we will come out stronger.
If you have any questions or concerns, please let us know.
Snow Federal Retirement Seminars & ChFEBC℠, LLC
Due to the increasing spread of the corona virus and in an abundance of caution, we have deemed it a sensible precaution to postpone the Benefit Training until further notice (see postponements below).
We will continue to monitor guidance from the CDC and WHO to make informed and appropriate actions to ensure the safety of the agency employees and that of our Instructors.
There will be no need to re-enroll. Once the seminars are back on the schedule, we will notify you directly.
Thank you for your understanding and support. Be well.
Selena T. Maruska
Snow Federal Seminars Change of Ownership!
Beginning immediately, Snow Federal Seminars will now be operating under Snow Federal Retirement Seminars & ChFEBC℠, LLC. Read the release here: Snow Federal Seminars Change of Ownership
National Defense Authorization Act of 2010
Important Retirement Changes
On October 28, 2009, President Obama signed the National Defense Authorization Act of 2010. The Act contains several important retirement changes including:
Credit for sick leave in the computation of FERS annuities is effective at 50% immediately and 100% in 2014.(For those employees that are retiring very soon, HR offices should provide the sick leave balance in the retirement package. OPM will make the final calculations.)
Provision allowing former federal employees under the FERS who withdrew their contributions to the retirement trust fund, thereby waiving retirement credit for those years of service, to redeposit their earlier contributions, plus interest, upon reemployment with the federal government is effective immediately.
A change in CSRS part-time computation (going to a single deemed high-3) is effective immediately.
A change of the ending date for periods of service under CSRS that can be redeposited by actuarial reduction (instead of for separations prior to 10/1/90 it will be for separations prior to 3/1/91) is effective immediately.
The provisions allowing certain previously non-creditable D.C. Government employment to be creditable for title but not annuity computation are effective immediately.
More information can be provided by OPM.