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The HalfBreed  
#1 Posted : Sunday, January 5, 2020 10:49:09 AM(UTC)

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OPM usually updates upcoming retirement payments in January (payable Feb 1) to reflect new taxes or insurance costs, thereby changing the monthly payout.

Does anyone know when that can be seen online ?
So far, it's not today.

I usually massage the numbers and increase or decrease my tax withholding to make it a nice round number, easy to remember.

Thanks in advance.
RETIRED CSRS 12/19/2012 @ age 57 w/39 years.
Good Bye Tension...Hello Pension !
postalvet  
#2 Posted : Sunday, January 5, 2020 1:57:43 PM(UTC)
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Originally Posted by: The HalfBreed Go to Quoted Post
OPM usually updates upcoming retirement payments in January (payable Feb 1) to reflect new taxes or insurance costs, thereby changing the monthly payout.

Does anyone know when that can be seen online ?
So far, it's not today.

I usually massage the numbers and increase or decrease my tax withholding to make it a nice round number, easy to remember.

Thanks in advance.


late in the month usually after the 15th seen it as late as the 25th.

is this your first year?


you might want to read the printout you received in late dec 2019. it states in part if no other changes except for health premiums you probably will not receive another adjustment statement.

The HalfBreed  
#3 Posted : Sunday, January 5, 2020 5:06:36 PM(UTC)

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No, not my first year. I retired December 2012, and I usually forget to make slight changes, and when I do, I have to wait til Feb. coz I forget.
I sometimes wind up having to wait, coz after the 19th of Jan or so, changes cannot be made.

It's not a big deal, but I'm sure I'll forget and remember it later in Jan. I know my BC/BS increased from $243.17 to $253.30, and Delta Dental from $39.78 to $43.12
if my information is correct. The taxes were already raised. I can make a slight adjustment now, but I'd rather just do it once, instead of twice tho.

For instance, if the trailing figures were changed and it was $ X,634 I'd just round it down to $X,625 or $X,600 coz I like round numbers.
I don't mind paying a bit more in Fed tax, coz it almost breaks out even at tax time.

I guess I'll give it another 10-12 days, coz there's a cutoff date in the month to make changes.

Thanks for the info. I need to have more patience.
RETIRED CSRS 12/19/2012 @ age 57 w/39 years.
Good Bye Tension...Hello Pension !
Raoul  
#4 Posted : Sunday, January 5, 2020 5:20:33 PM(UTC)

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I do the same, round numbers.
Last month the online statement for Jan showed up on Dec 9th.
I turned off all paper.
In fact, I go in Sep and reduce my Fed withholding for Oct/Nov to get my refund at that time, no need to wait and file.

Still get a refund when I file but it's always < $100.
Nothing bad to say about OPM online services.

Retired July 2011
The HalfBreed  
#5 Posted : Sunday, January 5, 2020 5:33:34 PM(UTC)

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Originally Posted by: Raoul Go to Quoted Post
I do the same, round numbers.


I took a gamble (so to speak) and subtracted the BC/BS and Delta Dental increases, then rounded it down by $34.21 to make it a nice round number.

I HOPE.

I set a reminder on my cellphone to look at it again, on the 17th, and if I'm right, it ends there. If I'm off, I'll make adjustments accordingly. Again.

When you're retired, you have time for these small issues.

RETIRED CSRS 12/19/2012 @ age 57 w/39 years.
Good Bye Tension...Hello Pension !
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