Readers' Comments
Total Comments: 36
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When Is Your Ideal Retirement Date in 2009?
Total Comments: 36
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March 20, 2010
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What about NSPS
DON
Tue Apr 14, 2009 8:44 AM
Post Reply
It would be a trade off for CSRS if under NSPS. Get paid for your leave or if you don't retire until 3 January, you're entitled to an NSPS payout because that is the start of the new leave year. Correct?
Re: What about NSPS
DOD
Wed Apr 15, 2009 1:25 PM
If you are CSRS or FERS it will probably affect your timing (selection of retirement date) and whether you can carry over your AL. If CSRS, you can only carry over 240 to CY 2010 if you want to be on board January 4th to receive your payout, because you are in a new "leave year."
Anyone have other information?
When is best day to retire under FERS
DOT/FAA
Tue Apr 14, 2009 9:35 AM
Post Reply
If you have annual leave and you max out social security. I say you should retire so that your lump sum payment for leave comes during the year that you payed your social security. If you wait and receive the lump sum payment next year, then you will have to pay social security on that money. retire October 31 or November 30, so that you get your lump sum without the social security penalty.
IDEAL RETIREMENT DATE IN 2009
dept of navy
Tue Apr 14, 2009 9:46 AM
Post Reply
I plan to retire 02 Aug 2009. Since 02 Aug is on a Sunday will I not get paid for that day.
Re: IDEAL RETIREMENT DATE IN 2009
DON
Tue Apr 14, 2009 11:40 AM
Re: IDEAL RETIREMENT DATE IN 2009
DON
Tue Apr 14, 2009 5:52 PM
Additional consideration for retirement date
VA
Tue Apr 14, 2009 9:48 AM
Post Reply
Wouldn't you lose a day of annual leave if you do not retire on the last day of a pay period?
If so, it might be better under CSRS to retire on 1/2/10, giving up one day of annuity pay, but receiving the extra day of annual leave which would be computed at the 20010 salary increase.
Re: Additional consideration for retirement date
DON
Tue Apr 14, 2009 11:26 AM
http://www.fedsmith.com/article/657/
The BEST day to retire?
FAA
Tue Apr 14, 2009 9:59 AM
Post Reply
There are both tangible and intagible things that enter into the calculations. While JAN 01,2010 is the most fiscally beneficial ... there is also a certain poetry to July 03, 2009. It is the end of a payperiod, the 3rd day of the month and the next day is Independence Day.
CSRS Retirement - Annual leave payouts
DOD
Tue Apr 14, 2009 11:46 AM
Post Reply
If an employee is in a BRAC'd organization and they have been saving their use or lose for three years -- will the payout be based on an hour for hour or is there a limit on what can be earned and paid. So far a total of 456 hours has been saved, with the intention of saving two more years of the use or lose of 208 (416), plus the 240 reserve. This would bring the total payout to a little over 1100 hours of annual leave to be paid out.
TSP payments cannot, by law, be taken out of lump
USMEPCOM
Tue Apr 14, 2009 12:22 PM
Post Reply
I believe that a CSRS employee may roll-over his/her lump sum annual leave into the TSP Fund(s) during the final stages of retirement from civil service. After retiring, and if age 59 1/2, the employee can then withdrawal his/her TSP funds, and then pay the required Federal taxes.