Q. My official retirement date is Dec. 28. I need to take leave on Dec. 27 (Friday). If I complete the station clearance process on Thursday, is there a rule/reg that would prohibit me from taking leave (sick leave, annual leave or compensatory time) on my last scheduled work day before retirement?
Browsing: Retirement date
Q. I am nearing 20 years of service and am over 56 years old. As of March 6, 2014, I will have 20 years of federal service and, as of March 31, a total of 20 years, five months and 16 days counting all of my creditable sick leave. To apply for Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay, do I first have to be retirement eligible? Am I able to adjust my retirement date and still keep 20 years service by applying unused sick days, or are they only attached to the end of my total federal service time?
Q. I am 58 years old and under CSRS, have 27 years with 1,200 hours of sick leave and 350 hours of annual leave. I want to retire under the Early Volunteer Special Option. I understand that I have to retire on or before Dec. 31 to qualify for this special option. I want to maximize my annual leave lump sum.
Q. I will be retiring on Jan. 3 with 41 years and two days of creditable service under CSRS. In addition, I have 3,519 hours (approximately 20 months) of unused sick leave. I am under the belief that my unused sick leave would be added to my years of service which would allow me to receive 80 percent of my high-3 years of salary. Would this be an accurate statement? My employee and labor relations department is telling me that I would only receive 78 percent of my high-3 because I needed 41 years and 11 months of actual service…
Q. I have selected a retirement date of June 28, 2014. I will be 59½ years old with 33½ years of government service. I have been FERS my whole career. If I were to marry after retirement, what is the policy for covering my future spouse on my Federal Employees Health Benefits? If I choose to want a survivor benefit for my future spouse, is it possible to change from a self-only pension to one with survivor benefits?
It’s easy to make mistakes when you are planning to retire. Some of the biggest mistakes apply to all employees; a few apply only to CSRS or FERS retirees. All can be costly. Here they are and what you can do to avoid them: Retiring on the spur of the moment. It can be disastrous, for two reasons. First, if you hand in your retirement application at the last minute, it may contain errors that delay processing or even cause it to be rejected. Second, decisions made in haste often come back to bite you. Once committed to a course…
When it comes to retirement, planning is everything. If possible, it should begin at least one year ahead of the date you have set to retire. However, events can conspire to force a quick retirement decision, such as the offer of a “buyout” or a RIF. In those cases, use whatever time you have to plan ahead. Even a little time, wisely spent, can produce a big payoff. Here’s a checklist for you to follow: * Sign up for a preretirement counseling seminar at your agency. If your organization doesn’t have one at a convenient time (or offer one at…
Q. I am an employee under FERS. How will my approximately 700 hours of unused sick leave count toward my total service when I retire in 2014? My service computation date is March 3, 1994, and I will be 62 years old when I plan to retire in March. If I retire Jan. 10, will my 700 hours of unused sick hours count toward my desired target of 20+ years of service, or must I wait until March 3 to hit the 20-year threshold?
Q. I am a FERS employee and plan on retiring March 31, 2014. Can you provide any guidance on whether this would be a good date to retire, or do you advise earlier in the year?
Q. I plan to retire in May 2014 with 30 years (April 28) with the Postal Service under FERS. I will be 60 in September 2014. Can I receive the special retirement supplement in May or September?