Can You Lose Comp Time?
How long do you have to use the comp time you accrue during the year? Can you lose it if you don’t use it within a certain period of time?
Q&A from FedSmith authors addressing readers’ questions. We share them here to help you with your federal career or retirement planning.
How long do you have to use the comp time you accrue during the year? Can you lose it if you don’t use it within a certain period of time?
I am age 64 and retired from GSA in 2008 under the CSRS, having worked 36+ years. Is there a penalty for me to withdraw some or all of my TSP before age 70 1/2 ?
May an employee choose to waive Sunday premium pay and work just base rate on Sunday? For instance, if an employee travels on Sunday, can he claim to work on Sunday but not claim premium pay?
My husband’s personnel office just found out that he should have been in CSRS Offset after 21 years of coming from the DC Government. After his maximum SS tax was reached, his personnel office stopped the SS deduction. In the past, after the maximum was reached he has received the SS contribution in his paycheck. Was this done correctly?
I’m planning to retire at 62 and my human resources department has presented me with the option of depositing $9,645.00 (roughly 3K + 6K interest). If I don’t deposit for the period I was not under CSRS then I will receive $80.38 less per year in retirement (provided I retire now). Is this correct?
If federal employees are offered early outs or buy outs, does the 5-year FEHB coverage requirement also get waived?
My agency or, at least, my location, does not afford part-time employees the option of selecting comp-time for hours in excess of 8 per day or 40 per week. Is this difference between full-time and part-time employees permissible?
I was promoted to a GS-14 position in September of 2012. I plan to retire in September 2015. Will my “High 3” be calculated from September 2015 – September 2015 or from calendar year January 2012 – January 2015?
I am under CSRS and thinking about retiring soon. However, I am divorced and my divorce decree has a formula type clause and I don’t know how OPM will apply this formula in determining my annuity. Is there any way to get an estimate from OPM before I retire?
A nursing supervisor requests an RN (Registered Nurse) who is on annual leave to work overtime. The RN agrees to work a day during her annual leave for the overtime as promised by nursing supervisor. Can the nurse be paid overtime in this situation?