Browsing: Retirement date

Q. What is the maximum amount of leave that I can cash-in (240hrs, 408hrs, 420hrs, 440hrs, etc.) when I retire with my federal position? The only reason I ask is my organization is stating no more than 240 hours! Does my installation have the right to dictate how much leave they are willing to pay out when I retire? If that is the case, then where is the federal bill or policy that discusses this? Is the guidance discussed in the Department of Defense appropriations bill? Bottom-line: My goal is to make sure that I have all the facts prior…

Q. I am retired military and became a government employee (GS9) on Nov. 1, 2010, under FERS. I did not return my military retirement into the FERS system. I will be 62 in July 2016, but I would like to retire at the end of May 2016. I think that my My MRA is 55, and as of now, I have over five years of service. I believe that I am eligible under the 62 years/ five years service retirement. How much will I lose by retiring at the end of May versus staying until July 9.

Q. I will be retiring in 2016 and was considering Aug. 6 (since it’s the end of a pay period), but I have heard that it is best to retire on the first to the third day of the month. Can you give me the pros and cons of each scenario?

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