Readers' Comments
Total Comments: 55
Page 2 of 4
Page 2 of 4
Take This Job and Shove It!
Total Comments: 55
Page 2 of 4
Page 2 of 4
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| Close | Change | YTD | |
| G | $12.6972 | +0.0013 | +3.40% |
| F | $11.9749 | +0.0219 | +0.38% |
| C | $8.6601 | -0.6223 | -47.70% |
| S | $9.4250 | -0.7684 | -52.37% |
| I | $11.4821 | -0.6136 | -53.63% |
| Close | Change | YTD | |
| L 2040 | $10.4314 | -0.5746 | -42.81% |
| L 2030 | $10.7668 | -0.5171 | -38.16% |
| L 2020 | $11.2461 | -0.4459 | -32.46% |
| L 2010 | $12.8789 | -0.2531 | -16.70% |
| L Income | $12.1740 | -0.1561 | -9.62% |
November 21, 2008
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Study & Advertise the Deferred Pension!!!
DOD
Wed Feb 20, 2008 10:31 AM
Post Reply
In my nearly 13 years of fed service, I have seen people leave without even a notion that they are entitled to a deferred pension, with as little as 5 years of service. In the past, personelists did not utter a word about it as they outprocessed. They would encourage the refund of their FERS/CSRS deposit, which just adds to the tragedy of it!! I would like to see a law passed, that would task OPM to seek out all qualified former feds & inform them of this entitlement. It would also require OPM to assist them in applying. When your a senior citizen, an extra $100 or $1000 a month could be of significant help!!
Re: Study & Advertise the Deferred Pension!!!
DOD
Wed Feb 20, 2008 10:59 AM
Need to consider all options
This agency
Wed Feb 20, 2008 10:55 AM
Post Reply
I believe that what you state is true, but on the other hand each individual needs to look at their situation. Other income; married; if married, spouse's age and work situation, health and what you really want to do in life.
I like, Liaison Accountant, have a boss that came in with the attitude that they did not expect to get the job applied for and did not want to move to the state presently living in with this job and wanted a 15 as high three for retirement. This person made up their mind they didn't like me from the day they walked in and without even looking at my work and or background. This person could not even write a grammatically correct evaluation. So, I am just trying to lay low, but have come to the conclusion that there are other jobs out there whether government or not and if you start preparing for retirement you do not have to wait for full eligibility and then you can be like the brother-in-law of Former HR Specialist, you can leave when time is right.
Re: Need to consider all options
USDA
Thu Feb 21, 2008 1:05 PM
Take This Job and Shove It!
USDA
Wed Feb 20, 2008 11:16 AM
Post Reply
At the end of the article it is stated: "Perhaps now we know why we haven't heard too many co-workers telling the boss what to do with the job."
My reply to that is: But, oh have we ever been tempted!
Information provided to retiring individuals
USAF
Wed Feb 20, 2008 11:57 AM
Post Reply
My comment refers to the many statements we've seen about the knowledge of the DP folks who are advising potential retiree's. They seem to have been victims of gorss mishandling of experienced workers. My husband was told he HAD to withdraw his TSP. We found out later that was incorrect, but can't do anything. We get told by all the 'info' columns to get a retirement estimate in order to make long term plans; can no longer do that in the AF. I've been trying to get one since last May. I read where someone hired a retired personnel specialist to help; I would do that in a minute if I knew where to get one. Those of us at the mercy of someone's workforce shaping plan, that got rid of all the experience in the field really need some options!
retirement prior to eligibility
RETIRED IRS
Wed Feb 20, 2008 12:44 PM
Post Reply
To senior CPD representative. I think the original statement referred to someone who retired early WITHOUT an early retirement offer. These people have to wait until 62. Also, I don't know of any system where you get 85%. It is possible that of you have the maximum TSP deduction you may have nearly 80% (comparing take home) as you will no longer have this nor the basaic 7% CSRS deduction after retirement. Also income tax will be lower. Also, the main reason people won't leave prior to eligibility is the health insurance issue. Even if someone were able to walk into a private sector job with more pay, and good health insurance, unless that company covers retirees (and most don't) it won't pay to leave since you will not be able to carry Government health ins into retirement. After you retire from that later private sector job, then what? Medicare only, that's what. It is health insurance that is the number one "job lock" for federal retirees. 3 years to go? Find a way to "tough it out"
Re: retirement prior to eligibility
USDA
Thu Feb 21, 2008 7:29 AM
Health Insurance
DOT
Wed Feb 20, 2008 2:34 PM
Post Reply
I think if I am not mistaken, that there is both a delayed and deferred retirement. One of the two will allow you to reinstate your health insurance when you become eligible to receive your annuity. I just don't remember which of these two plans but will try to find out. The only problem then becomes that if let's say you are 56 with 20+ years of service, that you'll have to wait 4 years to have your health insurance reinstated. So you'll go 4 years without health insurance. Now if the new administration does get to the point of passing into law universal health coverage, there you go. You now have nothing else preventing you from retiring.
Re: Health Insurance
Federal Career Experts
Mon Feb 25, 2008 8:30 AM
Take This Job
USAF
Wed Feb 20, 2008 4:07 PM
Post Reply
Good grief - where does 85% come from? I worked 42 years; got credit for an add'l one year (S/L saved) - and only got 80% of Hi-3 average. And that was CSRS.
Re: Take This Job
vha
Thu Feb 21, 2008 4:45 PM
Re: Take This Job
DVA
Fri Feb 22, 2008 2:36 PM
Whew...