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Leaving Government Before Retirement? What Happens To Your Benefits?

THE ABOVE STORY

Receptionist
SEC-Boston
Wed Oct 8, 2008 8:40 AM

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good to know--thanks

Lost benefits

worker
irs
Wed Oct 8, 2008 8:51 AM

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Add on to this: If you leave before retirement, you will not get medical benefits into retirement. If you leave after retirement age and years, you get the same medical benefits as an active employee. This is now worth about $10000 per year present dollars for a family plan.

Converting Life Insurance

ASI
FAA
Wed Oct 8, 2008 9:08 AM

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This is an interesting feature. Converting life insurance to a private policy. Maybe you can expand on this in another article.

CSR

EEO Mgr.
Army
Wed Oct 8, 2008 9:39 AM

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I initally resigned from the federal government after 20 years of service. I was in the CSRS and when I left and I withdrew my $25K retirement. After 6 years of private sector work, I returned to the federal government (Army) and was told that I would be in FERS. I've had 15 years under FERS and am ready to retire. Is it too late to pay the 25K back to CSRS and retire under CSRS?

Re: CSR

HR Specialist
Forest Service
Wed Oct 8, 2008 10:49 AM
If you were covered by CSRS and was gone for more than a year; you should have been placed in Offset with an opportunity to switch to FERS; not automatically placed in FERS. You may want to have your HR office review your retirement coverage as you may have rights under the Federal Retirement Coverage Corrections Act (FERCCA). You can make a redeposit for the CSRS time.

Sick Leave Re-Credited

Wildland Fire Dispatcher
US Forest Service
Wed Oct 8, 2008 9:48 AM

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Does anyone know if there is a time limit on re crediting sick leave after leaving gvt svc and coming back??????

Re: Sick Leave Re-Credited

Human Resources Specialist
NASA
Wed Oct 8, 2008 10:24 AM
It use to be up to 3 years. After 3 years it is wiped off the books.

Re: Sick Leave Re-Credited

HR Specialist
Forest Service
Wed Oct 8, 2008 10:43 AM
Sick leave can now be recredited indefinitely. If you leave federal service and return later, it picks up with the balance you left with.

Re: Sick Leave Re-Credited

Auditor
DoD
Fri Jun 5, 2009 9:17 AM
They found my sick leave 24 years after I'd left the government.

comp time

hr
dhs
Wed Oct 8, 2008 11:07 AM

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In response to the statement in this article "Your annual leave, credit hour and comp time balance will be paid to you in a lump sum shortly after you leave." FYI - comp time cannot be paid out upon separation unless the person leaves and comes back to same agency within 26 pay periods per CFR 550.1407. I think the same forfeiture may be true for credit hours, but I cannot locate the reference in the Code of Federal Regulations.

Re: comp time

Sr. Tax Consultant
IRS
Wed Oct 8, 2008 1:13 PM
Your statement doesn't seem to be logical. Comp time/credit hours and annual leave are hours that have been earned by the employee and to not duly compensate said employee would seem to amount to fraud on the part of the agency.

Re: comp time

HR Generalist/Advisor
Navy
Wed Oct 8, 2008 2:17 PM
Actually, the forfeiture clause you cite (5 CFR 550.1407 only applies to comp time for travel (Subpart N). Regular comp time is paid at , "... the amount of overtime pay the employee otherwise would have received for the hours of the pay period during which compensatory time off was earned by performing overtime work." 5 CFR 550.114(e). So if you leave the Federal service with comp time on the books, you cash out according to 550.114(e).

TSP withdrawal under Discontinued Service Rtmt

Special Project Coordinator
USFS
Wed Oct 8, 2008 12:59 PM

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The article states that any withdrawals from TSP prior to 59 1/2 will be subject to a 10% penalty and taxes - does that still apply under a Discontinued Service Retirement scenario?

Total Comments: 33
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