Q. I am a FERS employee who plans to retire in May. Should I choose my official retirement date as May 28 or May 31? And if one is better than the other, why is that so? I have been told two different things regarding the date. One: It has to be last day of the month because I am FERS. Two: It needs to be last day of a pay period.
A. You can retire on any day you want to. However, it’s usually a good idea to retire at the end of a pay period, That way you’d receive credit for any annual or sick leave you earned during that period. If you retire before or after the end of a pay period, you get no credit for that leave. On the other hand, if you retire on the last day of the month, you’d not only earn a few more days pay but you’d move without a break from the employment roll to the annuity roll.