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If Disability retirement were merely a matter of determining the proper diagnosis of a medical condition, and having a doctor ascribe a percentage rating of disability, then the process of disability retirement would substantively be altered, and perhaps there would be far fewer cases to adjudicate at the Merit Systems Protection Board level. For, if the criteria were that 'cut and dry', there would be little for OPM and the applicant & the applicant's... Read More
Meeting with a client recently reminded me of a topic that we have explored before. That is, smart tax planning for retirement accounts.
In particular, in this case, both husband and wife had both IRA accounts and 401K Plan accounts. This particular family had other assets including a family business and two residences. They intended to make charitable gifts at the second death using their trusts as the vehicle for disposition of property at that time. The... Read More
Without getting into too many comparisons, the laws governing disability retirement benefits are, upon reflection, actually quite reasonable. Think about it this way: yes, it doesn't pay a great amount, but at the same time, you are encouraged to go out and be productive in some other employment capacity, and are able to make up to 80% of what your former job pays currently; unlike the stringent and onerous OWCP/DOL laws, you are not subjected to... Read More
There is a cyclical pattern which can be identified with the passing of time, and the Office of Personnel Management is no different from other Federal Agencies, departments, or personnel "make-up". Summer is here; with the season of vacations and time with families, combined with an already back-logged line of cases and overworked, understaffed personnel, expect delays in receiving a decision on a disability retirement application. ... Read More
Whether we like to admit it or not, we all operate, in all segments of our lives, from a certain "paradigm" (reference Thomas Kuhn, Structures of Scientific Revolutions), or "world-view". When it comes to Federal Disability Retirements, the majority of Federal and Postal Workers who comes to me have a pre-formed, generally negative attitude about the chances of getting it. This is because they have heard too many horror stories; or... Read More
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