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Federal Employees Benefits Q &A

Do you have questions about your federal employee CSRS or FERS pension/annuity or federal employee retirement planning? Concerns about your Thrift Savings Plan (TSP) account or what about federal employee pay and leave issues?

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The Q&A forum is moderated by Ed Zurndorfer -- an expert on federal employee benefits -- and a Certified Financial Planner, chartered life underwriter and chartered financial consultant in Maryland.

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#1 Posted : Sunday, January 31, 2021 3:10:31 PM(UTC)

Rank: Rookie

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Joined: 1/9/2012(UTC)
Posts: 42

Recently, I rec'd a tentative offer for a career promotion; however, the offer is for a TERM position, NTE 3 years. I'm 62, w/28 years of permanent career service (tenure 1), and intended to retire, this year.

ABC tells me everything stays the same w/my retirement, as long as the TERM position continues to pay into the FERS retirement.

Before accepting a TERM position at the end of my career, are there any negative impacts to my FERS retirement that I need to know?

#2 Posted : Wednesday, February 3, 2021 6:20:11 AM(UTC)

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Joined: 1/9/2011(UTC)
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You shouldn't notice any difference at all regarding FERs or anything else. You basically need to find your own position before your 3 years are up otherwise you're out. If you're retiring, the point is moot.
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