The Deferred Resignation Program Uncovered
Multiple news organizations reported the Deferred Resignation Program as a severance offer where you stop working tomorrow and get paid through September. One news reporter went as far as saying get paid while you are on a cruise. Our interpretation is quite different and you need to be sure you understand what is being offered before you make this big decision.
In this episode we:
• Share our concerns with the very vague guidelines of this program.
• Provide examples of specific wording from OPM and the Fork in the Road email that was sent.
• Offer solutions where you can get expert guidance to help you make this decision.
Welcome to Financial Planning 4 Feds. We are dedicated to educating federal employees on how to maximize value from their government benefits by developing and executing a financial plan.
1:14 Intro
2:45 The 2 Specific Promises
3:43 Fork in the Road Email
7:30 OPM Guidance
12:44 Where Can You Get Information
Resources for this Video:
OPM Website – Fork In the Road Page: https://www.opm.gov/fork
OPM Website – Fork In the Road FAQ Page: https://www.opm.gov/fork/faq
OPM’s Acting Director’s Memorandum Regarding: Guidance Regarding Deferred Resignation Program: https://chcoc.gov/content/guidance-re...
FedImpact Webinars from ProFeds: https://fedimpact.com/webinars/
Article from My Federal Retirement: https://www.myfederalretirement.com/d...
Federal employees and their spouses are invited to complimentary educational workshops covering their federal benefits. For details, visit: https://fedimpact.com/VWP
Federal Benefit Resources:
https://www.opm.gov/
https://www.tsp.gov/
https://www.myfederalretirement.com/c...
https://www.myfederalretirement.com/
https://www.fedsmith.com/
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