Retirement Case Processing

Economic Systems Inc. provides trained, knowledgeable personnel to support retirement case processing for federal agencies. Services include preparation of individual employee retirement annuity estimates and retirement application packages. Federal service is verified to calculate civilian and military deposit, civilian redeposit information, Alternative Annuity Elections, and CSRS Voluntary Contributions. Benefit estimates include retirements under optional, disability, voluntary early out, discontinued service, deferred, and survivor provisions.

FERCCA Case Processing - Federal Employee Retirement Coverage Correction Act (FERCCA) case analyses are challenging, requiring detailed knowledge of FERCCA regulations, Social Security, and Thrift Savings Plan. EconSys provides FERCCA experts to develop FERCCA decision packages, counsel FERCCA-affected employees, and guide them through the election process. Our FRB Web© product includes the FERCCA Calculation Module and provides financial projections of different FERCCA options that an employee may face. For additional information, contact us at email FERCCA@econsys.com.

FERCCA Training - EconSys offers a one-day training session for HR specialists focusing on the FERCCA statute and regulations as well as operation of the FERCCA calculator. The two-day session is a more extensive training program for HR staff that requires basic strengthening of their skills in federal retirement programs before adding the FERCCA information needed to process FERCCA decision packages.

Seminars

Economic Systems Inc. (EconSys) offers a team of highly experienced professionals with extensive experience in Federal retirement seminar delivery and personal financial planning services. Our teams of counselors specialize in using adult learning techniques to deliver a variety of retirement seminars on topics essential to retirement planning. Our seminars are tailored to Federal employees. We have special expertise in Title 10 and Title 32 military service as well as the Uniformed Service Employees Reemployment Rights Act- (USERRA) and thoroughly cover all aspects of the Civil Service Retirement System (CSRS) and the Federal Employee Retirement System (FERS), Thrift Savings Plan, and Social Security.

Pre-Retirement Seminar – Retirement Readiness for Employees Nearing Retirement - address a wide range of topics that cover basic retirement eligibility, annuity computation, and other related benefits, as well as the financial, emotional, and psychological aspects of retirement planning. The two-day Retirement Seminars includes question and answer sessions designed to help participants understand their retirement benefit estimates generated from our retirement software calculator, FRB © Web, or our companion application, FRB-E.

Early Career – Benefits Orientation for Newly Hired or Returning Employees - one-day training seminar provides new employees with information that will help them develop and control their financial retirement goals and understand the choices they have regarding the full range of employee benefits available to them. Topics include: Federal employee benefits – an overview; Insurance: FEHBP, FEGLI, LTC, D/V, FSAFeds; Federal retirement pension benefit; Social Security benefits; creditable civilian and military service; Thrift Savings Plan; financial planning and investment strategies.

Mid-Career – "Tune Up" for Mid-Career Employees - one-day seminar is designed for employees eligible for retirement in approximately 10-20 years. The training addresses topics in the early career session and adds emphasis on long term care, health and life insurance carry over rules, and information on deposit/redeposit considerations, Thrift Savings Plan investment and withdrawal options, annuity computations, and survivor benefits. Lessons on Setting Retirement Savings Goals, Investment Options beyond the TSP, Funding your Child's College Education, and Achieving Financial Goals are also included.

Workforce Planning

EconSys offers a Workforce Reporting tool that provides web-based access to users who can produce tables, charts and reports on demand at any time. These include basic reports on onboard inventory, accessions, attrition, and employees eligible for retirement by selected occupational series, time period, pay grade category, demographics, and organizational identifiers. The application uses the EconSys Federal Retirement Benefit calculator to produce reports on number of employees eligible for retirement and projections. Other data such as on authorization numbers for job positions and competency skill assessment data can be incorporated into the reporting tool as well to perform demand and supply analysis.

Employee Surveys

EconSys has experience with many different types of employee surveys—employee satisfaction and morale, employment engagement, cultural assessment, and organizational effectiveness. For example, EconSys has developed and administered employee satisfaction surveys for the Florida Department of Health’s 17,000 employees. Survey data analysis reflects the different dimensions of satisfaction (Clarity, Rewards and Recognition, Flexibility, Responsibility, Standards, and Teamwork). EconSys has developed its own in-house application for administering Web-based surveys.

Other HR Services

EconSys provides HR services in other areas as well including: EEO data management and litigation support; employee relations; and recruitment and staffing.