Q. I will turn 55 on March 10, 2014, and plan on retiring that day. I have always understood that my last day of work would actually be the preceding workday (Friday, March 7). My local human resources people have told me I am incorrect and that I must work March 10. I cannot find the specific detail in writing, but I believe I have read it previously. Do you know where I can find the details to ensure I am following the requirement?
Browsing: Retirement date
Q. I plan to retire at the end of 2013. From what I am reading, if I retire on Jan. 3, the effective date of my retirement would be the next day, Jan. 4. Since the 4th is not within the first three days of the month, would my first retirement annuity payment be made in February? Should I plan to retire on Jan. 2 instead? I realize I will not receive annual or sick leave accrual for this pay period, but that should be offset by four days of pay including the holiday, right?
Q. I was told to retire on the last day of the month. However, that day falls during the middle pay period. Which would be most financially beneficial: Stay with that day and lose eight hours of annual cash in pay or complete the pay period and retire the first week of the next month, thus getting the eight hours of annual pay but losing the benefits of retiring at the previous month’s end?
Q. I joined the military Sept. 12, 1978, and retired Oct. 1, 2008, with just over 30 years of active military service (no broken time). I began working for the federal government under FERS on Jan. 4, 2009. I’ve been told that I can resign after five years of government service (Jan. 3, 2014) and collect retirement benefits from the federal government once I reach the age of 62. Is that correct? If I have 40 hours of annual leave and 40 hours of sick leave, what is the earliest I can retire? Would it be two weeks prior to…
Q. My office has requested the Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. With the government shutdown, there has been a delay in the approval process. My position is one within the organization that has been approved for VSIP once the authority is received. I am a FERS employee, over 50, with 26 years of creditable service. I plan to exercise the early-out authority once received, after Jan. 1, 2014, so that I will receive 100 percent sick leave credit toward my annuity. In the meantime, I applied for and have been offered a position in the private sector. They…
Q. I will have 10 hours of annual leave, effective with the pay period ending Nov. 16. My FERS retirement date is Nov. 30. I want to clear station Nov. 26, take annual leave Nov. 27 and 29 and have holiday excused on Nov. 28. Is there any problem with this and with using my annual leave the same pay period I earn it?
Q. I have applied for Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. If I get it, according to the VERA/VSIP rules, I must retire on or before March 31. Could you please give me the best dates to retire, assuming it will take them a couple of months to process the papers?
Q. I have been a civilian employee for 12 years and plan to retire at the end of January. I am a retired Navy officer who has been covered under Tricare/CHAMPUS family plans since 1979. Will my five years under a federal government medical care program be covered by my 30+ years of continuous Tricare coverage? I plan to enroll in the Federal Employees Health Benefits plan during the open season and want to be able to carry FEHB into retirement.
Q. My husband is 63 and wants to retire Jan. 3, 2014. He has only 29 credits for Social Security, so he is not eligible for benefits. He started his CSRS career before October 1982. He stated paying into CSRS in February 1977. He was in Air Force for four years from 1972 to 1976. Does he have to pay back his military deposit? From what I have been reading, he doesn’t need to pay his military deposit since he is 63 and not eligible for Social Security benefits.
Q. I’m a CSRS employee who planned on retiring either Nov. 30 or Dec. 28. I know we are supposed to get a 1 percent raise Jan. 1. Would it make sense to retire Jan. 3 to get the 1 percent raise?