your exact retirement date. The effective date of a voluntary
retirement should be at the close of business on your last day
of work. Most employees choose a Friday at the end of
a pay period, and as close to the end of the month as possible.
CSRS employees may retire within the first 3 days of a month
and be eligible for an annuity beginning the next day.
FERS employees do not have that flexibility, as FERS annuities
begin on the first day of the month following the retirement
date. Under CSRS or FERS, employees who retire due to
disability or discontinued service are eligible for an annuity
beginning the next day.
all the necessary forms and complete them. Ask your retirement
counselor for assistance if you have any questions. Failure
to complete any form or item of information that may be required
in your case may cause a delay in the final processing of your
application for retirement. Click here for retirement application forms.
you have a CSRS voluntary contributions (VC) account, you should
be aware that interest stops accruing when you separate for
retirement. If you plan to request a refund of your account,
you should ask your retirement counselor for a form RI 38-124,
Voluntary Contributions Election, which you should complete
and submit with your retirement application.
you are a military retiree who wants to waive your military
retired pay, you should notify the Retired Pay Operations Center
from your branch of service in writing at least 90 days, but
no later than 60 days, before your planned retirement date.
Include a photocopy of your waiver letter with your application
up any indebtedness to your agency -- for example, for an outstanding
travel advance or advanced leave.
aware that when you retire, any agreements you had with the
National Finance Center, such as tax withholdings, allotments
to savings or checking accounts, savings bonds, charitable contributions,
union dues, etc., are canceled. Because of technological
limitations and the fact that your retirement income will probably
be less than your salary, it is neither feasible nor desirable
to keep all of the same withholdings you had as an employee.
you are covered by Federal Long Term Care Insurance and have
premiums deducted from your salary, call Long Term Care Partners
now, at 1-800-LTC-FEDS (1-800-582-3337), to advise them of your
retirement date and to make alternative arrangements for paying
your premiums, such as direct billing or deduction from your
bank account. The Long Term Care premium deductions do
not transfer to the retirement system, and are not deducted
from interim annuity payments; therefore, you must pay your
Long Term Care premiums promptly to avoid loss of coverage.
(For employees of USDA
Marketing and Regulatory Programs and the Merit Systems Protection