The retirement income you receive from FERS will depend on the amount you have contributed to all three components. Your TSP component will provide a benefit determined by how much you and the OCC have contributed to your account during your time as an active employee. The OCC provides a discretionary matching contribution currently set at 1 percent of salary. Group Life Insurance Group life insurance is available to OCC employees either under the Federal Employees Group Life Insurance Plan or through OCC's Group Life Insurance Plan. Both of these plans provide excellent coverage at minimum cost to OCC employees.
Additional coverage is also available for spouses and eligible children.
You are offered worldwide, 24-hour protection against accidental death and dismemberment. You may select self-only or family coverage. This plan pays benefits in addition to other life insurance coverage. Employee cost varies according to the plan selected. The insurance provides excellent coverage at minimum cost to OCC employees.