Readers' Comments
Total Comments: 17
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17 Years Later--Former Fed Learns Expensive Lesson
Total Comments: 17
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December 2, 2008
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A Very Costly Mistake
USDA
Fri Mar 7, 2008 8:01 AM
Post Reply
This is exactly the kind of situation that I was referring to in my comments for the article entitled "Take this Job and Shove It." Sometimes one can get so frustrated, but some serious thought needs to put into leaving the job and "cashing in all of your chips."
Re: A Very Costly Mistake
Customs and Border Protection
Fri Mar 7, 2008 10:43 AM
Don't withdraw your contributions!
SSA
Fri Mar 7, 2008 8:48 AM
Post Reply
Requesting a lump-sum payment after resigning is almost always a bad idea, unless you are going to invest the money for retirement or use it to make more money now (i.e., starting your own business). Otherwise, you almost certainly will regret it.
It's Not My Fault
DHS - USCG
Fri Mar 7, 2008 9:16 AM
Post Reply
This is an excellent example of trying to avoid the consequences of a bad decision. The employee made his choice and he was informed but went ahead anyway. So then he goes to court! Thank heaven some mutton headed judge didn't bail him out. He got what he deserved.
Re: It's Not My Fault
NLRB
Mon Mar 10, 2008 11:15 AM
CSRS Annuity
DOT
Fri Mar 7, 2008 10:03 AM
Post Reply
I was informed by a retirement specialist that it really depends on when you withdrew your CSRS's contributions and when you returned to federal service. Otherwise, what happens to the government's contribution as depending on when you left (less than 6 years) all you get back is your contribution. As it was explained to me, if you were under CSRS's and left and took your contributions and came back by 1990, you are entitled to a CRSR's annuity. Maybe federal employees were not warned that they would not receive an annuity until 1991.
Re: CSRS Annuity
USDA
Mon Mar 10, 2008 6:37 AM
Consequences of your actions
GAO
Fri Mar 7, 2008 2:46 PM
Post Reply
Consequences, what are consequences? Do you really expect people to take responsibility for their stupid behavior? That would mean we couldn't have it both ways.
He probably took out a sub-prime mortgage too, and wants to bust out of that.
All Bush's fault. Send Hillary, our benign socialist savior to his rescue.
Re: Consequences of your actions
DOD
Mon Mar 10, 2008 10:10 AM
Re: Consequences of your actions
dod
Mon Mar 10, 2008 3:58 PM
Re: Consequences of your actions
usda
Fri Mar 14, 2008 2:52 PM
Re: Consequences of your actions
dod
Sat Mar 15, 2008 10:44 AM
On the other hand, the socialist(or extreme liberal) will go to the government for handouts all the time regardless of whether or not they screw up.
Expensive Lesson
SSA
Fri Mar 7, 2008 2:59 PM
Post Reply
I can't over emphasize the need for due diligence in arriving at any major decision that will impact your life or the lives of your family, now or in the future. Research, research, research.
When I decided to retire, I began the pains taking process of researching any and all options 9 months before my retirement date. And I was very glad I did. My local HR personnel were not knowlegeable in everything I needed to know. That is not an indictment of them; no one knows everything. But, the thing that bothered me about their lack of knowlege was that some of them did not know what resources to reference to find answers.
There are many fine resources from which to glean information. However, I would advise anyone to corroborate any information relative to your situation. Make sure more than one reputable source agrees on the subject matter. And then, verify it again.
Expensive Lession
Department of the Air Force
Sat Mar 8, 2008 7:06 PM
Post Reply
Sure is was an expensive lession - but not for the Bozo trying to get something for nothing but for you and I, tha American taxpayers, whose taxes had to be spent defending what obviously was the corrected decision to not pay this clown an annunity. I can only hope, although I doubt it happened, that the Feds requested the judge make this guy pay their attorneys' fees. Unfortunately some people want something for nothing and many think that if they just wait long enough the government will forget that they recieved proper counseling when they made their decision.