Q. I am a CSRS employee and plan on retiring Sept. 1. I believe if you retire the last day of the month or the first two days of the next month, you will receive your first retirement check at the end of that month. Sept. 2 is Labor Day. Is there a benefit to making my retirement date Sept. 2? All three days — Aug. 31, Sept. 1 and Sept. 2 are nonworking days for me.
A. Because you are a CSRS employee, you can retire up to the third day of any month and be on the annuity roll in that month. However, your first month’s annuity would be reduced by 1/30 for every day you weren’t on the roll. For example, if you retired Sept. 2, your annuity for that month would be 28/30 of the usual amount.