Do You Know the
Best Time to Retire?
If you’re thinking about retiring from your federal job, one of the questions you face is a familiar one to generations of federal employees: what is the best date to retire?
In truth, because of differing circumstances among employees, no one can say with certainty. But a lot of federal workers choose a date at or near the end of the year.
From a financial viewpoint, that makes sense — especially if
your goal is to maximize the lump-sum payment of your useor-lose
annual leave at retirement. Plus, the actual payment
for your unused annual leave is likely to be made in the new
year, when you could well be in a lower tax bracket.
That’s one way to choose the ‘best’ date for you. There
are other considerations, however, especially since the
leave year ends at different dates each year. That brings into
play different rules for those under the Federal Employees
Retirement System (FERS) and the Civil Service Retirement
System (CSRS). More
Inside the Issues
Read these stories from the members-only NTEU Bulletin for retirement advice, information and news:
• At 65, Medicare Questions Arise
• Technology to the Rescue
• Retirement Planning—Steps Toward a Smooth Send Off
• Phased Retirement: Is This An Option For You?
• Retirement Processing Slows
• How Much Could You Lose? Chained CPI Proposal
• A To-Do List for Recent Federal Retirees (Continued)
• Your Future: A To-Do List for Recent Federal Retirees
• COLA Set For Retirees
• Are You Considering Retirement? Already Retired?
• OPM's Phased Retirement Q&A
• Federal Employees Group Life Insurance (FEGLI) information
Insurance and Retirement