Lakebound's Account Talk

[gegor1957]

Final pension update.

My pension was finalized Monday 7/18/16. And this morning, I received a nice deposit from OPM for the back pay owed while in interim pay status. August 1, 2016 will be my first full pension payment and I couldn't be happier really. The amount of my pension was almost to the penny what my pre-retirement calculation predicted it would be. So, from April 30, 2016 until today having followed a prudent pattern of 1. Personal savings 2. Managing my annual leave balance prior to submitting my retirement packet 3. Budgeting properly. I can tell you that I really haven't worried for one single minute of any day about how I would pay my bills.

For those soon to retire, follow the pattern. Don't just get pissed off and drop the bomb on your agency. It may sound nice to do that and it will feel good until you get to the parking lot. But trust me, no one will miss you a week later. Someone will do your job. So, go out with class and grace. Plan your retirement and save your annual leave, submit your retirement packet 3-6 months before you want to retire, stay in touch with your retirement counselor bi-weekly even if just to say hello and ask if there is anything that you can do.

I've heard horror stories, I don't doubt that they have happened. But, contribute the effort on your part so that you can at least say "I did everything that I could to help myself". After all, it's YOUR retirement, not theirs.

Frank

Well said and congrats.

 

[ravensfan]

Words to live by. Planning is everything in the retirement process. Congratulations!

Also, I'm glad to hear the amount of time you spent receiving interim payments was not that long. I retired in January 2011 and did not receive my first full retirement check until September 2011. So it is good to see some progress is being made in that area.

Enjoy your retirement!!!

 

[nnuut]

Like pulling your finger out of a glass of water, It fills right in no sweat!

 

[clester]

Final pension update.

My pension was finalized Monday 7/18/16. And this morning, I received a nice deposit from OPM for the back pay owed while in interim pay status. August 1, 2016 will be my first full pension payment and I couldn't be happier really. The amount of my pension was almost to the penny what my pre-retirement calculation predicted it would be. So, from April 30, 2016 until today having followed a prudent pattern of 1. Personal savings 2. Managing my annual leave balance prior to submitting my retirement packet 3. Budgeting properly. I can tell you that I really haven't worried for one single minute of any day about how I would pay my bills.

For those soon to retire, follow the pattern. Don't just get pissed off and drop the bomb on your agency. It may sound nice to do that and it will feel good until you get to the parking lot. But trust me, no one will miss you a week later. Someone will do your job. So, go out with class and grace. Plan your retirement and save your annual leave, submit your retirement packet 3-6 months before you want to retire, stay in touch with your retirement counselor bi-weekly even if just to say hello and ask if there is anything that you can do.

I've heard horror stories, I don't doubt that they have happened. But, contribute the effort on your part so that you can at least say "I did everything that I could to help myself". After all, it's YOUR retirement, not theirs.

Frank

Congrats on getting it all finalized. Now just sit back and enjoy

 

[jkenjohnson]

Words to live by. Planning is everything in the retirement process. Congratulations!

Also, I'm glad to hear the amount of time you spent receiving interim payments was not that long. I retired in January 2011 and did not receive my first full retirement check until September 2011. So it is good to see some progress is being made in that area.

Enjoy your retirement!!!

8 month wait is unbelievable