Frixxxx's Deferred Retirement Thread

[Frixxxx]

I'm going to document all the steps I take here for informational purposes.

I'll provide forms I am given and choices I make along the way.

Hopefully it will help others make decisions on their career path.

Frixxxx

 

[PessOptimist]

Thanks Frixxxx and please post stuff about the reserve retirement process as well.

PO

 

[Lakebound]

I'm going to document all the steps I take here for informational purposes.

I'll provide forms I am given and choices I make along the way.

Hopefully it will help others make decisions on their career path.

Frixxxx

Thank you for doming this, I find that it will help me tremendously.

Subscribed.

Frank

 

[Stoplight]

I'm going to document all the steps I take here for informational purposes.

I'll provide forms I am given and choices I make along the way.

Hopefully it will help others make decisions on their career path.

Frixxxx

Cool !!! That's what TSPTalk is all about !


Stoplight...

 

[maui21ice]

Appreciate the free advice. I just recently converted from AF Active Duty to Reserves (just sewed on SSgt) and plan on staying until retirement. I have a lot of questions because I know compared to Active Duty, we have so many less duty days on Reserve. Definitely don't understand all of it yet, but know I got a lot of time left to go and learn.

 

[nasa1974]

Appreciate the free advice. I just recently converted from AF Active Duty to Reserves (just sewed on SSgt) and plan on staying until retirement. I have a lot of questions because I know compared to Active Duty, we have so many less duty days on Reserve. Definitely don't understand all of it yet, but know I got a lot of time left to go and learn.

Congratulations on making SSgt.

 

[Frixxxx]

Changed the thread as I am taking a "Deferred" retirement rather than "Postponed"!

 

[alevin]

You decided you wouldn't want or need Fed health ins to start back up again when you start your annuity out there somewhere in the future?

 

[Frixxxx]

You decided you wouldn't want or need Fed health ins to start back up again when you start your annuity out there somewhere in the future?

Yes, I will have Tricare for life and my wife is already on Medicare due to her disability.

However, there is hope that this move may lead to another civil service position at a later date and higher grade, fingers crossed!

 

[Frixxxx]

First day of retirement questions:

Call Employee benefits line: Retirement counselor is assigned and they have 1-4 business days to respond.......

 

[Frixxxx]

Well,

As I thought, simple is in fashion. So, with 22 years at my age, I go into deferred status. My tenure and sick leave go into a "freeze" status. If I come back to government work, then I pick up where I left off. If I don't, I contact OPM 3 months prior to my 60th birthday and file my claim. Time is calculated off time served + Sick hours. Boom, Check!

3 April is my last day as a scum sucking civilian employee, now I go to bottom feeding contractor status. Plus an expected arrival date in San Diego around November.

More to follow as I get more out processing out of the way.

Annual Leave is paid out!

 

[PessOptimist]

Well,

As I thought, simple is in fashion. So, with 22 years at my age, I go into deferred status. My tenure and sick leave go into a "freeze" status. If I come back to government work, then I pick up where I left off. If I don't, I contact OPM 3 months prior to my 60th birthday and file my claim. Time is calculated off time served + Sick hours. Boom, Check!

3 April is my last day as a scum sucking civilian employee, now I go to bottom feeding contractor status. Plus an expected arrival date in San Diego around November.

More to follow as I get more out processing out of the way.

Annual Leave is paid out!

Yes, I will have Tricare for life and my wife is already on Medicare due to her disability.

However, there is hope that this move may lead to another civil service position at a later date and higher grade, fingers crossed!

Sounds like you have thought out and asked every question that came to my mind.

Off subject but somewhat related as everyone’s situation is different, I found out some interesting things about Tricare for life (TFL). As I understand it TFL is only for those 65 or older and only available if you pay for Medicare part B. In my case, since when I turn 65 my spouse will only be 61 I have to pay for Tricare Prime to keep her enrolled during that four year period. Yeah I know that does not apply to you.

I think it is possible you may not qualify for TFL yet and the program is Tricare Retired Reserve (TRR). Not saying you have not already checked it out but I have gotten a few Tricare surprises about eligibility over the years.

Link: http://www.tricare.mil/~/media/Files/TRICARE/Publications/BrochuresFlyers/NGR_Choices_Brochure.pdf

Just one more thing to add to the list.

I envy you about that last day as a SSCE.

PO

 

[offroad]

SSCE is a nice way society in general thinks of some. Will remember that when trying to be accurate with checking the defibrillator will work, during hospital inspections. Lol.


Sent from my iPhone using Tapatalk

 

[PessOptimist]

SSCE is a nice way society in general thinks of some. Will remember that when trying to be accurate with checking the defibrillator will work, during hospital inspections. Lol.

I hope you didn’t take any offense from that acronym. We all have to keep a sense of humor about some of society’s stereotypes. Most of us Feds do have important jobs that keep the wheels turning in machines the public has no idea the federal government owns.
Keeping humor in mind, do you also inspect the endoscopes?
Now back to Frixxxx’s Deferred Retiement.
PO

 

[Frixxxx]

I hope you didn’t take any offense from that acronym. We all have to keep a sense of humor about some of society’s stereotypes. Most of us Feds do have important jobs that keep the wheels turning in machines the public has no idea the federal government owns.
Keeping humor in mind, do you also inspect the endoscopes?
Now back to Frixxxx’s Deferred Retiement.
PO

OMG, no way PO, I actually announced my intention to leave with the same humor, dry as it is......

No offense taken.....

 

[nada]

Congrats for your new job!

according to this website below, it seem one must leave his/her money in the TSP when doing the deferred FERS. So later on, he could apply for FERS pension.

FERS Deferred Retirement vs. Postponed FERS Retirement

[h=2]Basics of FERS Deferred Retirement[/h]To do a FERS Deferred Retirement... you must..

• Have at least 5 years of creditable civilian service before you separate
• AND you must leave your contributions in the FERS system

Basically - you leave federal service now. You leave your contributions in the system. Later, when you reach a specific age (usually 62) you can start your pension.
With a Deferred Retirement, there is no minimum age to reach before you leave service - but you must wait until a specific age to start your pension.
Click here to learn more about FERS Deferred Retirement, including sample pension calculations.
"​

 

[Maricar19]

Congrats for your new job!

according to this website below, it seem one must leave his/her money in the TSP when doing the deferred FERS. So later on, he could apply for FERS pension.
​

I think it only refers to FERS contribution, not TSP.

 

[Frixxxx]

Congrats for your new job!

according to this website below, it seem one must leave his/her money in the TSP when doing the deferred FERS. So later on, he could apply for FERS pension.

Basically - you leave federal service now. You leave your contributions in the system. Later, when you reach a specific age (usually 62) you can start your pension.
With a Deferred Retirement, there is no minimum age to reach before you leave service - but you must wait until a specific age to start your pension.
Click here to learn more about FERS Deferred Retirement, including sample pension calculations.
"​

Yep, TSP has to remain...

My eligibility for annuity starts at 60, based on calculations when I leave, (high 3 years*years served)!

Basically, I'm frozen....

 

[PessOptimist]

Yesterday was your last day at work as a Fed? Share if you want about the cake and ceremony and gold watch. Whatever happened share if you like.

PO

 

[Frixxxx]

Thursday was my last day at the office, but I resigned through the pay period.

Triple Chocolate Kahlua bundt cake.

Pizza and beer after work!