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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 : Friday, September 6, 2019 6:22:25 AM(UTC)

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Good morning:
I'm contemplating retiring on 1/1/2021. Its the end of a pay period, but it's also a holiday. If that's okay, how would that work?
Ed Zurndorfer  
#2 Posted : Friday, September 6, 2019 1:39:06 PM(UTC)
Ed Zurndorfer

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The answer to your question is yes. You can retire on 1/1/2021. However, if you are covered by FERS, then you are encouraged to not retire on 1/1/2021 because if you do, then you will not get your first FERS annuity check until March 1, 2021 (this is because your retirement does not become effective until 2/1/2021). If you retired instead on 12/31/2020, then your retirement would become effective on 1/1/2021 and you would receive your first annuity check on 2/1/2021.
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