Q&A from FedSmith authors addressing readers’ questions. We share them here to help you with your federal career or retirement planning.
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 am trying to plan my TSP contributions accordingly. 1-JAN-16 is a Friday and nominally a Pay Day. But given it’s a holiday, will the payday be moved to 31-DEC-15?
I have been told that when you retire you can request to suspend your FEHB and at a later open season or qualifying life event restart it. I would like to know if this is true and how it can be accomplished.
I have a friend who says it is best to retire on the last day of the month because you will get paid for the month worked plus you will get an annunity check for that same month. Is this true?
If I elect to take the TSP annuity after retirement and I die before using all of my contributions will it go to my adult daughter, my elected beneficiary?
When my retirement is calculated over 30 years in service, will my CSRS Offset time be added to the CSRS years, or the FERS years?
I am a VA employee under FERS retirement. I meet the MRA. Does this mean I would not be eligible for the special retirement supplement?
Is a Postal Service early out/buy out pending?
I am under FERS, and I did just submit a non-spousal beneficiary form to HR for my pension. If there is no lump sum payout, then what would the beneficiary form be for?
I am a retired air traffic controller with the FAA after 25 yrs of service. Will I forfeit my pension from the FAA if I accept a job with the USPS?
