Posted on Thursday, 1st December 2011 by Dennis Damp
I received an email from Treasury Direct last month informing participants about security upgrades at their site. After you register under the new system you no longer need an access card to log into your account. It went on to say that you will receive an e-mail containing a one-time pass code and the opportunity […]
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Posted on Saturday, 26th November 2011 by Dennis Damp
Rosemary, a subscriber to our Retirement Planning News Letter, asked for clarification for requesting FEHB open season plan brochures on OPM’s new web site. I mentioned that the web site was easy to use in my article on the FEHB Open Season last week. She visited the site and was confused by the numbers that […]
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| Comments (0)Posted on Friday, 18th November 2011 by Dennis Damp
The Office of Personnel Management expects a number of agencies to request VERA and VSIP authority in FY 2012 after appropriations are finalized. Agencies may face substantial budget cuts next year according to the OPM director. OPM is expediting requests for VSIP and early-outs and formed a special team to assist agencies with their requests. […]
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| Comments (0)Posted on Saturday, 12th November 2011 by Dennis Damp
We continue to receive horror stories from retirees waiting up to a year or more for OPM to process their retirement paperwork. It is a real problem even for those who thought they prepared knowing that delays were inevitable. David wrote us in early November stating that he retired September 30, 2010 and as of […]
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| Comments (1)Posted on Tuesday, 18th October 2011 by Dennis Damp
FERS retirees with Post 1/1/57 military service will not receive credit or annuity computation for their military time without making a deposit. If a deposit is made, the employee will receive credit towards his/her annuity computation. Under CSRS rules, if you served on active duty and will be eligible at age 62 to collect Social […]
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Posted on Friday, 23rd September 2011 by Dennis Damp
Saving Grace (Ways to Save) I often mention just how important it is to retire with minimum debt and that means paying off your mortgage and credit cards. I’m not the only one that preaches being debt free in retirement. Money Magazine featured an article titled “Live Well On Less” in their October 2011 issue […]
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Posted on Friday, 9th September 2011 by Dennis Damp
There has been some confusion around the “Best Date to Retire” and Gary, who is planning on retiring on December 31, 2011, asked for clarification on this issue. He has over 240 hours of annual leave to cash in and was concerned about the “Date of Final Separation” that you enter on your retirement forms […]
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| Comments (0)Posted on Tuesday, 26th July 2011 by Dennis Damp
Updated 2/10/2024 When I attained 25 years of service at age 44, I felt a great sense of relief. I knew that with 25 years of creditable service I would at least be eligible for an early retirement, and I could apply for a VERA and VSIP if offered. The FAA received VERA authority in […]
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