ChFEBC℠, Chartered Federal Employee Benefits Consultant℠
Decades ago, the ChFEBC℠, a Chartered Federal Employee Benefits Consultant, emerged as the original designation, now widely recognized and esteemed. Serving as a beacon of trust, it embodies fiduciary responsibility and ethical conduct. ChFEBC℠ professionals, with annual retesting, possess in-depth knowledge of CSRS and FERS annuities, the Thrift Savings Plan, FEGLI, and exclusive federal benefits.
In the federal space, the historical significance of ChFEBC℠ is evident, acknowledged by federal employees and HR managers. Venturing into federal benefits without a ChFEBC℠ can have enduring repercussions. This unique designation goes beyond partial understanding, ensuring expertise in all aspects of federal benefits.
Chartered Federal Employee Benefits Consultant℠ (ChFEBC℠) Course Summary:
- Course Title: Chartered Federal Employee Benefits Consultant℠, (ChFEBC℠)
- Duration: One-day, 8hr live Instructor led webinar course followed by 1 week of self-study.
- Cost: $2,013.00
- Mode of Administration: 8h live webinar and 1 week of self-study, 24 hours is recommended.
- Certification: Closed book exam with a passing grade of 75% required. Proctored exam to be scheduled independently at Huntington or Sylvan centers or Community College (cost not covered).
- Recertification: Annual basis; notices sent in the fourth quarter with a deadline of December 31st; recertification cost is $210.00.
- Target Audience: Professionals aspiring to assist Federal Employees and their families.
Course Content:
Federal Employee Benefits:
- Defined Benefit Pension (Annuity) for CSRS/CSRS Offset and FERS/Transferees
- Disability Benefits
- Cost of Living Adjustments (COLA)
- Defined Contribution Pension
- Voluntary Contribution Program (CSRS and CSRS offset only)
- Thrift Savings Plan
- Special Provisions for Law Enforcement, Firefighters, Air Traffic Controllers
- Social Security
- Windfall Elimination Provision (CSRS/CSRS offset)
- Government Pension Offset (CSRS/CSRS offset)
- Federal Employee Group Life Insurance
- Long Term Care
- Flexible Spending Accounts
- Federal Employee Health Insurance Benefit
- High Deductible Plan
- Health Savings Account
- Health Reimbursement Arrangement
- Medicare
- Federal Taxes
- Homework Case Studies
Practical Application Strategies:
- Prospecting for Federal Employee Clients
- Sponsoring seminars with Snow Federal
- Pension Maximization
- Replacement of FEGLI
- Re-invest the Voluntary Contribution Program
- Disability Planning
- Long Term Care Strategies
- Rollover Thrift Savings Plan
- Review at the end of the day
Final Proctored Exam:
- Duration: 120 minutes
- Closed book exam
- Passing grade of 75% required for certification.
Recertification:
- Annual basis
- Notices sent in the fourth quarter
- Deadline for recertification: December 31st
- Recertification cost: $210.00
- A certificate provided to students achieving a passing grade of 75% on the final exam.
ChMEBC℠, Chartered Military Employee Benefits Consultant℠
Created on November 18, 2020, this course emerged from extensive and meticulous research, dedicating countless hours to both its development and the thorough training of our instructors. Commencing on November 13,2023 our trademarked designation, Chartered Military Employee Benefits Consultant℠ ChMEBC℠, is specifically tailored for professionals aspiring to support America’s finest and their families.
The driving force behind this initiative is the imperative need to comprehend these benefits comprehensively, aligning with our mission to serve the military community effectively. This course is strategically designed to impart critical knowledge, aiding service members and their families by offering detailed insights into military benefits.
Our overarching mission is to navigate the intricacies of forms, rules, and benefits, unraveling the complexities surrounding military benefits. Beyond the basics, this course delves deep into education, origins, and the harmonization of federal uniform and non-uniform service careers. The goal is to empower individuals, providing a profound understanding and guidance that complements the existing resources available both on and off bases.
Much like civil service, military benefits come with a myriad of rules and procedures. Eligibility criteria are nuanced, varying based on factors such as length of service, type of service (Career, Non-Career, Retired, Reserve, Disabled, Coast Guard, National Guard), deployment history, and discharge status. These criteria differ across military branches and can even vary within individual benefit programs.
Chartered Military Employee Benefits Consultant℠, (ChMEBC℠) Course Summary:
- Course Title: Chartered Military Employee Benefits Consultant℠, (ChMEBC℠)
- Duration: The course consists of 5 modules, each delivered through 5 two-hour webinars. Additionally, there are 2 weeks of self-study.
- Cost: $2,565.00
- Mode of Administration: 5, 2-hr instructor-led webinars.
- Certification: Proctored exam with 200 multiple-choice, closed book exam with a passing grade of 75% required. Proctored exam to be scheduled independently at Huntington or Sylvan centers or community college (cost not covered).
- Recertification of both Designations ChFEBC ℠ and ChMEBC℠: Annual basis; notices sent in the fourth quarter with a deadline of December 31st; recertification combined cost is $275.00
- Renewal exam is combined designation exam with 50 multiple choice questions, non-proctored, 1hr testing timeframe.
- Target Audience: Professionals aspiring to assist and support military service members and their families.
Course Content:
Module 1: Understanding Military Retirement Systems
- Overview of Traditional Legacy Retirement Pension and Blended Retirement System (BRS)
- Defined Benefit and Defined Contribution
- Military branches (Army, Air Force, Marines, Navy, Coast Guard, National Guard, Space Force)
- Status categories (Active Duty, Retired, Disabled Retired, Reserve, Ready-Reserve)
- Military ranking and pay grade system
- Module review quiz
Module 2: Retirement Status and Impact
- Active, Reserve, Retired status overview
- National Guard and Coast Guard specifics
- Continuation Pay and Lump Sum
- Blended Retirement System (BRS) and Thrift Savings Plan (TSP)
- TSP details by active, reserve, and retired status, including withdrawals and tax implications
- Module review quiz
Module 3: Disability Overview
- Disability in DOD, VA, and Social Security
- Miscellaneous considerations (Agent Orange, Camp Lejune, Pact Act)
- Eligibility criteria
- Module review quiz
Module 4: Health Coverage and Other Benefits
- Tricare/Champva, Pharmacy Coverage, Dental/Vision
- Life Insurance and Survivor Benefits
- Cost of Living Adjustment (COLA)
- Special pay and allowances for military service members
- Entitlements and Benefits
- Module review quiz
Final Proctored Exam:
- Duration: 2 hours
- Closed book exam
- Passing grade of 75% required for certification.
