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Federal Retirees


For those approaching retirement as well as the currently already retired, here is a forum to share ideas and thoughts and exchange questions and answers.


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RRJ  
#1 Posted : Monday, July 06, 2009 5:45:46 AM(UTC)
RRJ

Rank: Newbie

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Joined: 7/1/2009(UTC)
Posts: 8

I am hearing mixed information on weekend/holiday retirement. I decided to retire on 1/2/10 as that is the last day of the last pay period which has always been touted as the best day to retire. First I was told I couldn't retire on Saturday. I've since found that is not true. I was also told that if I retired on 1/1/10 I would accrue A/L and S/L for that pay period but someone else told me I have to be in "pay status" on the last day meaning I would have to make Saturday my official date. Does anyone have the answer to this mess?
MMOB  
#2 Posted : Monday, July 06, 2009 7:15:16 AM(UTC)
MMOB

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Joined: 6/1/2009(UTC)
Posts: 357

Yes. Quit listening to people who have no f****** idea what they're talking about!

As you've already determined, you can retire on any day you want. As for your other issue, if you work 80 hours in a pay period, you will receive A/L & S/L for that pay period. You do not need to be in pay status on the last day of the pay period as long as you've already worked your 80 hours.
RRJ  
#3 Posted : Monday, July 06, 2009 8:27:22 AM(UTC)
RRJ

Rank: Newbie

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Joined: 7/1/2009(UTC)
Posts: 8

Thanks for the response. The sad part of this is the person who initially told me I couldn't retire on a weekend was one of our HR specialists. I think I'm getting the straight answers now. At least I know that either friday or saturday retirement will guarantee my leave accrual.
Warrenlm  
#4 Posted : Monday, July 06, 2009 9:06:58 AM(UTC)
Warrenlm

Rank: Senior Member

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Joined: 11/5/2006(UTC)
Posts: 487

is that with Friday, January 1, 2010 as your retirement date, you are going to have to check out Thursday morning, Dec 31, even though you're paid through Jan 1. Then you're paid for not working starting Jan 2. Smile
RRJ  
#5 Posted : Tuesday, July 07, 2009 12:05:53 AM(UTC)
RRJ

Rank: Newbie

Groups: Registered
Joined: 7/1/2009(UTC)
Posts: 8

Warren, thanks. That's kind of what I've finally found out to be the case and---that's the kind of bad news I can live with! Cool
crpetersen  
#6 Posted : Tuesday, July 07, 2009 5:16:55 AM(UTC)
crpetersen

Rank: Senior Member

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Joined: 4/6/2003(UTC)
Posts: 469

RRJ, are you CSRS? If so, 1/2/10 is fine, but if you're FERS, 1/2/10 would mean that you will never get annuity for the other 29 days in January. If FERS, you have to retire at the end of the month in order to ever get an annuity for the next month. Just a thought... Carolyn
RRJ  
#7 Posted : Tuesday, July 07, 2009 5:37:39 AM(UTC)
RRJ

Rank: Newbie

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Joined: 7/1/2009(UTC)
Posts: 8

Carolyn, I should have clarified this up front, I am CSRS. Thanks.
tesaje  
#8 Posted : Wednesday, July 08, 2009 8:41:56 PM(UTC)
tesaje

Rank: Senior Member

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Joined: 2/16/2009(UTC)
Posts: 213

1/1/10 is a better day. On your retirement day, you are in paid status and still working for the govt. The following day begins your retirement status for CSRS if it is the 1st, 2nd, or 3rd. By selecting 1/1, you earn the full 80 hours for SL/AL. and start earning your annuity on 1/2.

Retiring on 1/2 gains you nothing but your retirement doesn't start until 1/3.
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