Retirement and Financial Literacy Education Program (RFLEP)
HRA Employee Resources Hub
The Department of Veterans Affairs Retirement Financial Literacy and Education Website is designed to provide tools to Federal employees to assist in achieving their future retirement and financial goals. This website provides financial information and tools to educate employees and their family members and emphasizes the importance of budgeting, saving, and planning for retirement. The financial security employees and their family members have in the future depend, in part, on the knowledge they gather and make use of today. Acting now and taking the necessary steps toward planning for your future will help you reach your financial and retirement goals. Employees should take full advantage of attending the financial education workshops, handouts, fairs, etc., that are provided by their Human Resources (HR) office. VA’s program strategy considers financial literacy education as a career-long process and incorporates a broad range of information and tools employees will need to be aware of and understand in order to make informed retirement planning decisions throughout their careers. Please click on the tabs above to view the latest information regarding VA’s Retirement Financial Literacy and Education Program.
VA’s Goal – Provide Educational Tools to Assist Employees in Achieving their Retirement and Financial Dreams.
Responsibilities
The following provides important information that defines the different responsibilities of the Department of Veterans Affairs and VA employees on the Retirement Financial Literacy and Education Program.
Agency
Employing agencies have the primary responsibility for the delivery of retirement financial education to their employees and for supporting financial literacy. The Thrift Savings Plan Open Elections Act of 2004 (Public Law 108-469) required the Office of Personnel Management (OPM) to develop and implement a retirement financial literacy and education strategy for Federal employees as part of the retirement training offered by OPM under 5 U.S.C. 8350. The implementation of the strategy must educate Federal employees on the need for retirement savings and investment, and must provide information on how to plan for retirement and how to calculate the retirement investment needed to meet their retirement goals.
Employee
The best retirement financial literacy and education program in the world will not be effective unless you take a proactive role in utilizing information that is made available to you and your family members. Acting now and taking the necessary steps toward planning for your future will help you reach your financial and retirement goals. Employees should take full advantage of attending the financial education workshops, fairs, etc., that are conducted by their local Human Resources office. Make a commitment to yourself to learn and take the necessary steps you need in order to achieve your future retirement dreams. Remember, you control your financial and retirement future.
Tools
Below are some tools that may assist in making more informed financial decisions.
Federal Ballpark E$timator
Estimate your federal retirement income and explore retirement scenarios
Access Tool »IRS Withholding Calculator
Estimate your federal tax withholding and adjust your paycheck withholding
Access Tool »Mortgage Comparison Calculator
Compare mortgage payments and costs to help evaluate home financing options
Access Tool »Federal Employees Group Life Insurance Program (FEGLI) Calculator
Estimate your Federal Employees Group Life Insurance coverage and costs
Access Tool »Student Loan Repayments Calculator
Estimate student loan payments and explore repayment options
Access Tool »Improving Your Credit Score
Learn strategies and resources for managing and improving your credit
Access Tool »FDIC Money Smart
Build financial knowledge with free financial education resources from the FDIC
Access Tool »Social Security Retirement Estimator
Estimate your Social Security retirement benefits based on your earnings
Access Tool »New Credit Card Rules
Learn about credit card rules, fees, and protections for consumers
Access Tool »
FDIC Money Smart Program
Money Smart provides free financial education resources to help individuals build financial skills and make informed financial decisions.
Resources cover topics including saving, spending, credit, borrowing, debt, and financial planning.
Contacts
For employee specific questions, please contact your local HR office.
| Benefits Area |
|---|
| Civil Service Retirement System (CSRS) |
| Federal Employee Retirement System (FERS) |
| Federal Employee Dental and Vision Insurance Program (FEDVIP) 1-877-888-FEDS |
| Federal Employee Retirement Coverage Corrections Account (FERCCA) |
| Thrift Savings Plan (TSP) 1-877-968-3778 |
| Federal Employee Health Benefits (FEHB) |
| Federal Employees’ Group Life Insurance |
| FLTCI LTC Partners Representatives: 1-800-582-3337 |
| Flexible Spending Accounts (FSA) SHPS Benefits Specialists: 1-877-372-3337 |
| Professional Liability Insurance (PLI) (Your Local Human Resources Office) |
Additional Resources
Access additional resources to help you manage your federal benefits, plan for retirement, and find important forms and information.
