Browsing: Retirement date

Q. What is the best date to retire? A. There is no best date to retire. However, here is some information may help you to make a decision: The last pay period in 2019 ends on Sat., Dec. 21. The last pay period in 2020 ends on Sat., Jan. 4. CSRS employees can retire up to the third day of any month and be on the annuity roll in that month. FERS employees must retire no later than the last day of a month to be on the annuity roll in the following month. Anyone retiring on a date other…

Q. What is the maximum amount of leave that I can cash-in (240hrs, 408hrs, 420hrs, 440hrs, etc.) when I retire with my federal position? The only reason I ask is my organization is stating no more than 240 hours! Does my installation have the right to dictate how much leave they are willing to pay out when I retire? If that is the case, then where is the federal bill or policy that discusses this? Is the guidance discussed in the Department of Defense appropriations bill? Bottom-line: My goal is to make sure that I have all the facts prior…

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