If you are the spouse of a federal employee who has passed away, what do you need to do with regards to the benefits? And if you are a federal employee, what should you do to make sure your spouse is prepared if you die? This is a list of steps to take should this unfortunate event take place.
The author says that while you can retire on any date that you choose, there may be some advantages to retiring at certain times of the month or year. She shares her opinions as to which dates she believes may be best dates for federal employees to consider retiring.
I am planing to retire this FY. I am trying to determine if hanging until Jan. 10, 2015 for full lump sum (448 hours) is a better option than going 12/31/14 which would obviously get my annuity started 1 month earlier.
I recently received a “Certified Summary of Federal Service” and noticed that there were several entries annotated with “FICA Only — Deposit Not Paid” and my SCD is a later date than I have had for the last 25 years or so. Did those unpaid entries change my SCD for retirement?
Could you explain the rationale for the best dates to retire? For example why is Dec 28 better than Dec 31 for 2014?
Can a former federal employee add federal service time to a state employment system?
Does OPM base the CSRS retirement calculation on an employee’s high-three annual BASE PAY or LOCALITY PAY when determining the annual retirement payment?