Browsing: Annual leave

Q. I will be retiring at the end of December or beginning of January 2014, depending on your answer. I am a FERS employee who will have about eight years, so my annuity will be small (I retired from the Air Force with 25 years of service). I am thinking it would be better for me to retire Jan. 11, 2014, instead of Dec. 31, 2013, because a full paycheck will be quite a bit more than the monthly annuity, so it would be worth skipping an annuity payment in favor of a paycheck. I just want to make sure…

Q. I am 47 years old with 20 years in the Postal Service and am planning on separating soon. Will I be eligible to keep with my current insurance? How/where do I find how much more my premium will be? Will I get my 400+ hours of annual leave in a lump sum? How long does that take to process? (I can stay employed longer if the lump sum would still be applied to this year’s income for tax purposes.) Would I be eligible for any pension at age 59½? Would my seven months of unused sick leave count toward it?

It’s that time of year when employees start asking, “What’s the best date to retire?” Well, there isn’t a single date that’s best for everybody. Still, there are some dates that are better than others. I’ll explain why. Time of month The rules governing the time of month to retire are different for CSRS and FERS. FERS employees have to retire no later than the last day of a month to be eligible for an annuity payment in the following month; CSRS employees may retire up to the third day of a month and be eligible for an annuity in…

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