FERS OPM Medical Retirement: Learning For A Lifetime

For federal employees and U.S. Postal workers who have a medical illness that hinders them from doing one or more of the main tasks related to their job, learning for a lifetime is a crucial task to do. You must focus on learning about your medical condition and the steps necessary to file for Federal Disability Retirement successfully.

Additionally, you should have all the relevant information about your health condition, its early and late symptoms, and risks to present your application. Though it is necessary to call an expert focusing particularly on Federal Disability Retirement Law, you mustn’t leave everything to your lawyer. Detailed learning about the application procedure and health condition is beneficial to win the case and helps you in your future financial planning; This learning is for a lifetime. So, if you are facing a medical issue that has affected your working capability, let’s learn some key points that can help you with the process. 

A successful submission requires vital medical supporting documentation.

The medical records from your healthcare practitioners are the most crucial component of your FDR claim. OPM will consult with clinical personnel concerning your complaints and restrictions. It’s essential to discuss your symptoms with your doctor during your visits truthfully and straightforwardly.

Winning an FDR application when you are still employed is challenging.

You inform your employer and the Office of Personnel Management that you can no longer continue working because of your sickness by applying for disability retirement. Your case may get weaker the longer you remain after a doctor declares that your condition prevents you from working. You need to be prepared to halt or drastically slow down your job before you even begin the application procedure.

Your retirement income alters after the first year of benefit.

Your high-3 average wage determines the FDR payments. Your bonuses are determined at 60% of your final average high-3 income for the initial year. Health insurance premiums, life insurance premiums, other choices you make, and 100% of any Social Security Disability (SSD) payments will also be deducted from the pension sum you receive. Besides, your FDR benefit amount only shifts after the first year. Your benefits are based on 40% of your high3, and only 60% of any SSD earnings you receive are deducted from them.

Final words

Learning has never harmed anyone. The same goes for federal employees suffering from medical conditions impacting their work life. You must learn about your illness as soon as you encounter such a situation and ensure that you are not going against any of the above-mentioned facts. It can help you qualify for FERS disability retirement without any problem.

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Bio:
After entering the financial services industry in 1994, it was a desire to guide people towards their financial independence that drove Aaron to start Steele Capital Management in 2013. Armed with an extensive background in financial planning and commercial banking coupled with a sincere passion for helping people, Aaron has the expertise and affinity for serving the unique needs of those in transition. Clients benefit from his objective financial solutions and education aligned solely withhelping them pursue the most comfortable financial life possible.Born in Olympia, Washington, Aaron spent much of his childhood in Denver, Colorado. An area outside of Phoenix, Arizona, known as the East Valley, occupies a special place in Aaron’s heart. It is where he graduated from Arizona State University with a Bachelor of Science degree in Business Administration, started a family, and advanced his professional career.Having now returned to his hometown of Olympia, and with the days of coaching his sons football and baseball teams behind him, he now has time to pursue his civic passions. Aaron is proud to serve on the Board of Regents Leadership for Thurston County as the Secretary and Treasurer for the Morningside area. His past affiliations include the West Olympia Rotary and has served on various committees for organizations throughout his community.Aaron and his beautiful wife, Holly, a Registered Nurse, consider their greatest accomplishment having raised Thomas and Tate, their two intelligent and motivated sons. Their oldest son Tate is following in his father’s entrepreneurial footsteps and currently attends the Carson College of Business at Washington State University. Their beloved youngest son, Thomas, is a student at Olympia High School.Focused on helping veterans and their families navigate the maze of long-term care solutions, Aaron specializes in customized strategies to avoid the financial crisis that care related expenses can create. Experience has shown him that many seniors are not prepared for the economic transition that takes place as they reach an advanced age.With support from the American Academy of Benefit Planners – an organization with expertise and resources on the intricacies of government benefits – he helps clients close the gap between the cost of care and their income while protecting their assets from depletion.Aaron can help you and your family to create, preserve and protect your legacy.That’s making a difference.

Disclosure:
Disclosure:Investment advisory services are offered through BWM Advisory, LLC (BWM). BWM is registered as an Investment Advisor located in Scottsdale, Arizona, and only conducts business in states where it is properly licensed, notice filed, or is excluded from notice filing requirements. BWM does not accept or take responsibility for acting on time-sensitive instructions sent by email or other electronic means. Content shared or published through this medium is only intended for an audience in the States the Advisor is licensed in. If you are not the intended recipient, you are hereby notified that any dissemination, distribution, or copy of this transmission is strictly prohibited. If you receive this communication in error, please immediately notify the sender. The information included should not be considered investment advice. There are risks involved with investing which may include market fluctuation and possible loss of principal value. Carefully consider the risks and possible consequences involved prior to making an investment decision.Confidential Notice and Disclosure: Electronic mail sent over the internet is not secure and could be intercepted by a third party. For your protection, avoid sending confidential identifying information, such as account and social security numbers. Further, do not send time-sensitive, action-oriented messages, such as transaction orders, fund transfer instructions, or check stop payments, as it is our policy not to accept such items electronically. All e-mail sent to or from this address will be received or otherwise recorded by the sender’s corporate e-mail system and is subject to archival, monitoring or review by, and/or disclosure to, someone other than the recipient as permitted and required by the Securities and Exchange Commission. Please contact your advisor if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services. Additionally, if you change your address or fail to receive account statements from your account custodian, please contact our office at [email protected] or 800-779-4183.