In this still-fragile economy, many people are rightly concerned that, upon an approval for FERS Disability Retirement that it will be difficult to “make up” the income with another job, even though a person under Federal Disability Retirement can earn up to 80% of what one’s former Federal or Postal position currently pays.
Yes, it can be tough; yes, the economy is a concern; but recessions ultimately come to an end, and while a job to make up the severe pay-cut may be long in coming, self-employment, to begin a start-up business, or to work part-time is often an excellent opportunity. Unlike having the larger percentage of pay under OWCP-DOL benefits, a Federal Disability Retirement annuity under FERS or CSRS is indeed a greater pay-cut.
But salary is not everything; the freedom of retirement, the ability to determine one’s future, and not be under the constant and close scrutiny of Worker’s Comp, accounts for much. Where some see a severe pay-cut, others see as an opportunity to begin a second career. And the price of freedom from those onerous fiefdoms of federal agencies is often better health, and greater enjoyment of one’s freedom and retirement.
Robert R. McGill, Esquire