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Hmm! Forced Early Retirement?!?
Old 02-09-2006, 03:02 PM   #1
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Hmm! Forced Early Retirement?!?

Well, I've really been digging thru my options and accounts the last few weeks.
I called my HR office today with a question.* I am a military technician, so I am required to maintain my military membership in the national guard to work my federal job (DoD).

Well, I have a mandatory removal date of 2024, at which time I hit 28 years of comissioned service as an officer.* That puts me a few months shy of my 58th birthday and also makes me eligible for a Discontinued Service Retirement thru FERs.*

Since I will be forced out, I don't get hit with the early retirement penalty for retiring under age 62 (or 60, forgot which).*

That is pretty sweet, and makes me rethink my plan to retire from the national guard after 20 good years of service...
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Re: Hmm! Forced Early Retirement?!?
Old 02-09-2006, 03:19 PM   #2
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Re: Hmm! Forced Early Retirement?!?

Quote:
Originally Posted by Bimmerbill
That is pretty sweet, and makes me rethink my plan to retire from the national guard after 20 good years of service...
That's a great deal, but the question that's been coming up a lot in Hawaii is this:
"Is it worth a two-year mobilization?"

Seen a lot of retirements and transfers to the inactive rolls...
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Re: Hmm! Forced Early Retirement?!?
Old 02-09-2006, 03:26 PM   #3
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Re: Hmm! Forced Early Retirement?!?

Thats the question I've been trying to answer! With a new baby coming in 2-3 weeks I sure don't want to miss 18 months of her life. Or all if it if I don't come back...

I was planning on finding another federal job and retiring from the national guard. I'm not having much luck. I don't have a veterans preference, and I think that is hurting me.

I have until May07 until I get my 20 year letter. If I retire then, I will have a 20 year wait until I receive my first retirement check.
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