Q&A from FedSmith authors addressing readers’ questions. We share them here to help you with your federal career or retirement planning.
Our agency’s first pay day was Friday January 2, 2015, which means that all of the pay for that date was earned in 2014. Am I correct in assuming that money is still 2015 income since it is actually received in 2015?
I am a GS-15 Step 10. My Personnel Department reportedly has received direction from OPM that I cannot receive comp time because my salary restricts me from receiving overtime pay. I thought the agency could restrict the conversion of comp time to overtime pay but they do not accept that. Can you clarify for me?
If your spouse dies (no children) and you have a spousal annuity, what should you do?
Will I be paid night pay if I have annual leave for the whole pay period (80 hours); night tour is my regular shift?
At my minimum retirement age, I will have 29 years and I am eligible to buy back some military time. If I buy back the time, will it count towards the 30 years needed at MRA to be eligible for the special retirement supplement?
Housekeeping aides received night differential pay, but the payroll office disagreed with paying the differential. What are your thoughts?
I will receive the FERS supplement until age 62. I plan to wait until my full retirement age of 66 years 2 months to consider filing for Social Security. Can I file a restricted application for my spouse’s Social Security benefit and delay filing for my own Social Security benefit until age 70, allowing my benefit to continue to grow?
If I retire when I am eligible but do not withdraw my TSP funds can I still do so when I turn 55 without a penalty?
I’m currently 51 years old, planning to retire the year I turn 55. Will the social security supplement be subject to the social security earnings test?
I am getting conflicting information regarding the extra pay period in 2015 as it relates to setting my TSP contributions for the year – are you absolutely certain there will be an extra pay period?
