6:37 am, July 11, 2014

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  • Better have Cash
    Linda
    I have a friend who retired 9 months ago and counting and still hasn't received a full check. He was military and civil service that makes it a little more complicated than most, but come on! Maybe that is why his wife is still working. We tell her she can't afford to retire until he gets his full check!
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  • Pathetic
    Moderate
    That is really pathetic. Don't they just plug the information into a computer? How complicated can it be unless someone has not sent in the information?
    worker
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  • I Think A Big Part...
    weecosse
    of the problem is the various accounting and personnel systems used throughout the Federal Government. Lots of people in Federal service change jobs and moved to different agencies and since the systems do not talk to one another verification of service has to be done manually in some cases and record of service get lost (keep a copy of EVERY adjustment that is made in your status, including pay and personnel). I worked for DoD; Nation Guard Bureau, Air Force, Army and DISA, and none of thier systems "talked to one another" Thus, when I retired my service and what I had paid towards retirement had to be verified and in some cases calculated by hand. You'd think that by now the federal Government would have come up with a single personnel, retirement and accounting system by now. The IRS seems to be able to do it when they are taking our money in taxes.
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  • Retirement Tsunami?
    Just me
    I don't think we're at the point of the "retirement tsunami", at least not yet. The election of 2012 will do a lot to determine when, or if, the tsunami will hit. Right now we're feeling the minor pre-temblors, which may (or may not) be signalling the type of cataclysmic seismic shift which will generate the tsunami. While prudent people might want to consider moving towards the metaphorical "high ground", there is no need to panic...yet.
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  • Additional Info and Comments
    Moderate
    First, the issue as to when to collect a pension and move on depends on factors including financial and other. I will not elaborate on other.---Second, your comment, I believe, was written before Obama's proposed .5% increase in the GS schedule. Third, financially, one must look at one's personal financial situation including how close one is to maximum retirement. Finally, one must look at whether one wants to and can get another job one likes on the outside. I believe the raises will stink for the next 3 years. I am close to the maximum and expect to leave the government reasonably soon and get another job. That could change, but it is not likely. Others have different ideas for whatever reasons which should be respected.
    worker
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  • "Perfect storm" article
    Jeremiah
    While uncertainty continues over proposed changes to the Federal civil service's FERS and CSRS retirement systems, nervous retirement-eligible Feds need to be aware of making a precipitate decision to "pull the plug." First, any changes to the retirement systems would most highly likely not be retroactive (remember that Congress is covered as well), allowing suffcient to put in retirement paperwork before the said changes take effect. Secondly, retirees need to brace themselves for lengthy delays in receiving their full annuities, given OPM's bumbling and apparently futile efforts to fix its broken retirement application processing function. Also, whether agencies will be prone to offer buyouts subsequently is more and more questionable as time passes. This is because any FY 2012 salary savings accruing to agencies for buyout-accepting employees are effectively reduced the longer into the fiscal year that it takes for such employees to go off their rolls. Lots to consider in this regard before making any irrevocable decisions.
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