Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error

Department of Interior


The U.S. Department of the Interior protects America’s natural resources and heritage, honors our cultures and tribal communities and supplies the energy to power our future.

The agency employs about 70,000 people in approximately 2,400 locations with offices across the United States, Puerto Rico, U.S. Territories and Freely Associated States.
Options
Go to last post Go to first unread
thehip  
#1 Posted : Friday, February 19, 2021 2:01:25 PM(UTC)
thehip

Rank: Newbie

Groups: Registered
Joined: 2/25/2014(UTC)
Posts: 3

Moving across country and my relocation expenses are authorized. I went through a long counseling session where they explained it all, and I basically have to choose between being paid in a lump sum or being paid actuals (FTR).

They are REALLY pushing the lump sum method and obviously that makes me think it is not in my best interest (much like they tried to talk future CSRS retirees into switching over to FERS when that first came out, I know several who did switch and it did NOT work out in their favor).

Obviously FTR is more work on my end, and their end as well. Paperwork does not scare me, just a pain.

The lump sum method estimates a lot - the biggest being home sale price. They try to convince you of this one by letting you know how much you need that money up front. I imagine most people do, I can wait for the money.

Of course, the lump sum method comes with a 6.35% fee. Which I had to ask about multiple times before they actually gave me the figure. So the benefits of getting the lump sum are balanced out by the fee.

Anyone have any experience choosing between the two and how it worked out in the end?
Rss Feed  Atom Feed
Users browsing this topic
Guest
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.


This page was generated in 0.108 seconds.