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.
Browsing: Retirement date
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?
Q. I am 56 1/2 years old with 27 years of federal service. How does this Voluntary Early Retirement Authority (VERA) actually work? I will not have 30 years of service until November 2018. If I were offered a VERA, does this mean that they will give me the additional three years and that would be how they would calculate my retirement amount? A. No, it doesn’t. If you are eligible for a VERA, your annuity would be based on your actual length of creditable service when you retire. Because you are a FERS employee, the following formula would be…
Q. I will have 30 years with the United States Postal Service next year and plan on retiring September 30, 2016. I had to take leave without pay this year because my daughter was injured. How does LWOP affect my retirement next year?