Readers' Comments
Total Comments: 75
Page 2 of 8
Page 2 of 8
Best Date to Retire in 2008 (or early in 2009)
Total Comments: 75
Page 2 of 8
Page 2 of 8
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| C | $13.8822 | -0.0041 | +5.03% |
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| L 2010 | $15.4792 | -0.0113 | +1.70% |
| L Income | $14.1011 | -0.0086 | +1.59% |
March 19, 2010
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Best Date to Retire
USDA
Wed Dec 19, 2007 6:48 AM
Post Reply
I am under FERS - for planning purposes, what is the best date to retire in 2010?
Re: Best Date to Retire
FAA
Wed Dec 19, 2007 1:10 PM
article
cdc
Wed Dec 19, 2007 12:06 PM
Post Reply
If people wait until the Cubs win the world series to retire, I am afraid they will never retire. My wish is that they win the world series before I die, but alas, am wondering if that will happen. I will retire in 2 years!!
A Cubs fan...........
Accrued Annual Leave Pay Out
HHS
Wed Dec 19, 2007 2:50 PM
Post Reply
Too bad that not all payroll processing groups are aware of the method of calculating the A/L payout that you correctly explain in your article, i.e., that the lump-sum payment is computed as if one had begun to take the leave on the first workday after retirement & used it until it expired, so that the bulk of the payout is computed at the new salary rate. I retired 1/3/06 with 440 hours of accrued A/L. When I got my payslip showing the accrued A/L payout, I quickly calculated it had all been computed at the '05 salary rate. I immediately contacted our payroll liaison in DC to get this corrected. I had to explain the correct calculation and send citations (and an article from Tammy Flanagan). Payroll explained that the problem was that DFAS (who had assumed responsibility from HHS for payroll in mid-05) did not agree that the calculation would consider any part of the new salary rate. I was ultimately told it had been worked out & I would be paid the amount due. I'm still waiting!
DOD PAY
Federal Gov
Wed Dec 19, 2007 4:16 PM
Post Reply
I am doing a report on the balance of pay from DOD to Federal Gov from 1990 to 1995, just to compare the pay . Do anyone knows how I can get this information?
Best YEAR to retire
OPM
Thu Dec 20, 2007 8:58 AM
Post Reply
I appreciate your point about the best day for CSRS employees to retire at the end of the CY 2008 leave year being Friday, 1/2/09. I could go then but am considering sticking it out for another year to help with mentoring and training "newbies" in our work unit. I've received contradictory advice / opinions on the issue of retiring instead at the end of the CY 2009 leave year. Friday, 1/1/10, is, of course, a holiday, and is the last day of being in a pay status during the CY 2009 leave year. If one retires on that holiday, i.e., 1/1/10, are there any negative consequences from the standpoint of being able to accrue leave for that final pay period in the leave year? If so, would it be remedied by retiring instead on Saturday, 1/2/10? As I said, staff opinions vary on this, and available information on the web isn't helpful. Thanks.
NSPS Lump Sum valuation
DOD
Sun Dec 23, 2007 8:30 AM
Post Reply
It was pointed out to those of us under the NSPS system that we will not get paid for Leave based on our Pay Raise starting Jan 6 2008, unless we are on the rolls on the effective date. We have a choice, take our 240+200 at present pay, or carry only 240 over and retire after Jan 6, which means Feb, Mar, etc.
Another way the Govt saves money.
Retirement Date
Department of the Interior
Sun Dec 23, 2007 12:06 PM
Post Reply
If you don't have the maximum annual leave carryover issue to deal with, i.e., 240 hours, then I think a good date to retire in 2008 is January 31st for FERS employees and February 1st for CSRS employees. The reason: you get a bump-up in your life insurance rate when the annual comparability raise is posted in January, some or all of which will be carried into retirement (depending on the option you choose). And your high 3-year average salary will be slightly higher because you will have the new pay comparability increase posted to your account for most of the month resulting in a slightly higher annuity.