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Retiring the FERS Way

 

I am going to set aside for a while my strong desire for privacy and let you, my friends on the Helena National Forest, know what it has been like for me to retire in the FERS system and hope you will be better prepared than I was.

Nothing is as easy as it seems: In January 2012, I started thinking about retirement as the VSIP (Voluntary Separation Incentive Pay) or some such acronym started floating around our in-boxes.  I applied for it and prepared, as much as possible, for retirement.  I applied to make a “service credit payment” to buy back the time I spent as a seasonal before I received a permanent position.  I mailed the application on January 19, 2012.  At that time I was informed I will owe $1,210.00 to buy back my time in service.  I was also informed that they were processing the applications from March 2011 so they were far behind.  At some time in the near future I will receive a bill for that $1,210.00.




via Retiring the FERS Way – FedSmith.com.

 
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