Unlock Secrets To Maximizing Benefits

Padlock Retirement's big focus is educating Federal agencies and all of their employees about ways to "beat the system" of Federal Benefits and how to get the absolute most out of what you deserve!

​We know what it means to serve our country! This is our service as a thank you!

Pension

Pension Calculations Can Be Done Easily, But That Doesn't Mean You Know To Avoid Traps!

Thrift Savings PLan

There Is Nothing More Important Than Protecting Your Nest Egg. Don't Lose A DIME!

Social Security

Click below to instantly download our "Top 5 Things To Consider Before Claiming SS!
​The core objective of this educational vault, is to provide the education Federal employees need to make more informed decisions regarding their retirement, risk management, & benefits. While OPM tells you the hard facts, we help you navigate those options. Since there are tons of different benefits through the government, we will start simple! 

Important Retirement BenefitsFor Every Federal Employee

Federal Employee Group Life Insurance
(FEGLI)

The Federal Employees’ Group Life Insurance, or FEGLI, is the largest group life insurance program in the world. If you are a new federal employee, you are automatically covered by basic life insurance. For basic coverage, your age does not affect the cost of insurance, and you split costs with the government:

Padlock's Summary: Great and cheap to have while you work, but make sure you have private insurance that won't increase in cost as you lose coverage! Let us show you the way :)
You pay two-thirds of the total cost while the government pays one-third.

Thrift Savings PLan (TSP)

TSP stands for the Thrift Savings Plan. The TSP is an important benefit designed to help you save for your future. The TSP is comparable to a private-sector tax-deferred 401(k) plan.
You can participate in the TSP if you are covered by FERS, CSRS, or CSRS Offset. 
The TSP is especially important for FERS employees because it is one of three parts of your retirement coverage. Beginning July 1, 2001, FERS employees can contribute as much as 11% of basic pay each pay period, up to the IRS annual limit.

​(The IRS limit for 2001 is $10,500.)

As a FERS employee, you can receive 2 types of agency contributions to your TSP account, which together can equal as much as 5 percent of your basic pay.
Photos from wuestenigel Henry Söderlund