Amethyst
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Dec 21, 2008
- Messages
- 12,686
Ziggy,
OPM runs the pension system, and it takes a while for OPM to get a handle on anything. The OPM folks in D.C. whom I've dealt with on the phone, are pretty sharp, but the folks in Boyer, PA are the ones who administer the pensions, and they are not what I'd call bustle-hustlers. Apologies to any of them who may be in this forum, but that's been our experience over the years.
Husband's experience was fairly typical. He retired at the end of December, got his first annuity check in March for ~ 50%, next one was ~75%, and in May he finally was "made whole" retroactively.
The day of the month that one retires, makes a difference. Under CSRS, if one retires within 3 days of the 1st of a month, the annuity starts that month (although one will not see a check from OPM for at least another month). If one retires 4 days into the month, the annuity won't start till the 1st of the following month - making a 2-month wait till the first annuity check.
The final paycheck (we are paid every 2 weeks, in arrears) is supposed to help tide one over. The final check includes any unused annual leave, converted to pay dollars.
Amethyst
OPM runs the pension system, and it takes a while for OPM to get a handle on anything. The OPM folks in D.C. whom I've dealt with on the phone, are pretty sharp, but the folks in Boyer, PA are the ones who administer the pensions, and they are not what I'd call bustle-hustlers. Apologies to any of them who may be in this forum, but that's been our experience over the years.
Husband's experience was fairly typical. He retired at the end of December, got his first annuity check in March for ~ 50%, next one was ~75%, and in May he finally was "made whole" retroactively.
The day of the month that one retires, makes a difference. Under CSRS, if one retires within 3 days of the 1st of a month, the annuity starts that month (although one will not see a check from OPM for at least another month). If one retires 4 days into the month, the annuity won't start till the 1st of the following month - making a 2-month wait till the first annuity check.
The final paycheck (we are paid every 2 weeks, in arrears) is supposed to help tide one over. The final check includes any unused annual leave, converted to pay dollars.
Amethyst
Is that how it works, even under CSRS? It takes several months for the pension to kick in after retirement?