Q. I am a CSRS employee and have been given a directed reassignment letter. I elected to do a discontinuation of service, which afforded me the opportunity to retire early with a minimal deduction. I chose a retirement date of Oct. 1 based on my letter. The closest end of a pay period would put me at the middle of the month. My retirement representative stated the middle of the month would make my first annuity check delayed until Dec. 1, but if I chose Oct. 1 or Sept. 30, I would get my first annuity check Nov. 1. If…
Browsing: Retirement date
Q. I found out from the Office of Personnel Management that the end of the leave year in 2021 will be Saturday, Jan. 1, 2022, and for 2022 will be Dec. 31, 2022. I will have age and time in 2021 as I will be 62 and seven months with 29 years service. It looks as though I may have two years in which I could retire and still get an entire year of annual leave. I am a FERS employee and my tour of duty is Monday through Friday normally. Am I correct in my assumption that I would…
Q. I started with the federal government in January 1980 as a GS-2 (at the age of 19). In June 1993 (age 32), I became a GS-1811 (non-law enforcement-covered) position. In October 1994, I transferred to a law enforcement-covered position. I am being told by my agency that I could have retired in June. I think it is October 2014. I have submitted my retirement papers to retire Oct. 31. My agency tells me they have never submitted paperwork to the Office of Personnel Management that have been returned saying a person is not eligible. Does OPM ever come back…
Q. I am a CSRS employee who is thinking of retiring Sept. 30 to beat any chance that Congress will pass a high-5 in place of the high-3 average pay for fiscal 2014 starting Oct. 1. Would I benefit more retiring earlier (say, Sept. 28) because of any existing rules? I just thought the later in the month the better, but I noted an answer to a person that they would get two weeks more pay retiring July 27 in place of July 31.
Q. I am a FERS employee and wish to retire on my birthday, Oct. 1, when I reach 56, which is my MRA. This is, however, two months before I reach 32 years of service. Is there an advantage waiting to retire on my job anniversary when I get credit for 32 years of service instead of the 31 years and 10 months of service I would have if I retired on my birthday? I have FERS and someone told me that I would get full annuity with more than 30 years under my belt if I retire at MRA.…
Q. I am considering retirement. Can someone tell me the pros and cons for retiring at the close of business Sept. 30 or retiring at the close of business Oct. 1? I am in CSRS.
Q. If I retire Jan. 3, 2014, and my first check is on Saturday, Feb. 1, is my first check counted as back January retirement pay, or do I receive a double payment for both January and February?
Q. What would be the difference if I changed my retirement date from July 31 to July 27? I have already turned my papers in, so what would I need to do if I decide to change the date?
Q. I am covered by CSRS retirement plan and have until the 3rd day of any given month to retire to be on the rolls for the following month. I am planning to retire at the end of this year. I understand the Affordable Care Act becomes law Jan. 1, 2014. What is the impact of retiring in January on my health insurance coverage? Would it be more advantageous to me to retire at the end of December rather than January? I am 57 and will not be eligible for Medicare.
Q. I am a 60-year-old CSRS employee with 31½ years of service. What is the last day I could retire in 2013 and still qualify for a partial cost-of-living adjustment if there is one in 2014?