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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?

Ask your question here.

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.

Zurndorfer is also the author of several federal employee benefits guides published by Federal Employees News Digest.

Your question will be put into a message queue and submitted for review. We cannot guarantee that all questions will be answered, however any answered questions will appear below, and some will also be featured in our daily Federal Daily e-newsletter (Subscribe here). Members of Federal Soup will not be able to submit replies to the questions posted, as we leave the replies for the moderator only.

Please do not submit employee benefits questions to the webmaster or the forum moderator.

Note: FederalSoup.com has attempted to compile information that is as accurate and current as possible for federal employees. Federal policies, laws, regulations, statistics and addresses continually change. Therefore, no warranties are made as to the accuracy or completeness of the information presented in this column. If additional clarification or information is needed, it is suggested that competent and professional assistance be sought. Mr. Zurndorfer does not moderate other forums on FederalSoup and will not reply to general FederalSoup inquiries submitted in this Q&A forum.

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#1 Posted : Tuesday, April 03, 2012 1:48:19 AM(UTC)

Rank: Rookie

Groups: Registered
Joined: 4/2/2012(UTC)
Posts: 24

Ed, quick question for you.  I am a FERS LEO with 24 years of service as of Aug 2012 and age 55.  I am thinking of retiring at the end of August (25th) instead of Dec 29th, 2012.  Besides not getting the few more months of TSP and a bigger leave check, are there any other concerns I need to be aware of if I do retire in August.
Thanks in advance.
Ed Zurndorfer  
#2 Posted : Tuesday, April 03, 2012 11:43:06 AM(UTC)
Ed Zurndorfer

Rank: Senior Member

Groups: Registered
Joined: 9/10/2001(UTC)
Posts: 4,414

Since there most probably will not be any government-wide pay increase in January 2013, you will not lose much by retiring in August 2012. The only downside is that your unused annual leave will be paid out in 2012 rather than in 2013, which means you will have more income in 2012 compared to 2013 and your unused annual leave will be taxed at a higher rate than it would be if you retired on Dec. 29, 2012. In that case,  your unused annual leave payment would be received and taxed in the 2013 tax year when you most probably will have less income and be in a lower marginal tax bracket.   

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