Q. I will be turning 57 next year with 26 years of service, and I believe my organization will be offering Voluntary Early Retirement Authority (VERA)/ Voluntary Separation Incentive Payment (VSIP). Would it be worth it for me to retire? Will early retirement count against me?
Browsing: Retirement date
Q. I am currently 60 years old. I want to start drawing my federal retirement at age 62. If I leave federal service before age 62 — because I am offered a job in the private sector or as a contractor with the federal government — what is the proper federal retirement paperwork to file to ensure I start getting my FERS retirement annuity at age 62?
Q. I am 57 with 35 years in CSRS and planning to retire at the end of the year. Can I retire on a holiday, Friday Jan. 1, 2016, or on Saturday, Jan. 2, 2016? If so, then would I get paid for the holiday and still get my annuity payment on Feb. 1, 2016?
Q. I am under FERS with 28 years of service, more than 65-years-old and want to retire at the end of this year (Dec. 31, 2015). However, I am unsure if it would be a good financial decision for me to wait until Jan. 9, 2016, which is the end of leave for the year. What is the best day to retire?
Q. You show the best date in June 2015 to retire (FERS) as June 27. If I want my first annuity check to be paid in August, wouldn’t I have to retire June 30? I’m afraid if I retire on June 27, even though that would gain me the leave accrual for that pay period, I’d be postponing my first annuity check by another month.
Q. I was born in 1959, so my MRA age is 56 with 30+ years of service. I turn 56 on Oct. 10, 2015 (which is a Saturday) and I will have 31 years with the USPS (FERS). My master file says I’m eligible to retire on Oct. 9. What is the correct date of retirement? I don’t want to retire on that Friday, Oct. 9, only to find out I retired one day too early.
In my last column I wrote about the calendar year 2015 changes in the dollar amounts or percentages affecting your pay (1 percent), cost-of-living adjustments for eligible retirees, survivors and Social Security beneficiaries (1.7 percent), and the Social Security earnings limit ($15,720). In this one, I’ll describe the calendar year 2015 changes affecting Medicare, death benefits and children’s benefits. Medicare At age 65, you’ll be eligible for Medicare Part A (hospital insurance) at no cost to you. If you are no longer working, it’s free. That’s because you already paid for that benefit through payroll deductions. You’ll still be entitled…
Q. I am 58 with 30 years in FERS. My overseas assignment is up, and I do not have return rights. I am about to register in the Priority Placement Program. When I receive a placement offer, can I refuse the job, quit the government, collect my severance pay and unemployment, and retire when my unemployment runs out, or do I have to retire immediately upon turning down the job placement? A. Because you are eligible to retire, you aren’t entitled to severance pay.