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Thread: My retirement journey

  1. #85

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,183

    Default Re: My retirement journey

    Quote Originally Posted by poppa View Post
    nice but how do you know when that A/L check is coming?
    The annual leave generally comes right after your last paycheck. It is from your agency so you shouldn't have to worry about it like you do with OPM interim retirement payments.

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  3. #86

    Join Date
    Jul 2016
    Location
    Texas
    Posts
    2,183

    Default Re: My retirement journey

    James,

    What agency did you work for? In 2016 it only took 3-4 months to get interim payment adjustment for me but there wasn't any outside factors like COVID

  4.  
  5. #87

    Default Re: My retirement journey

    Quote Originally Posted by poppa View Post
    nice but how do you know when that A/L check is coming?
    Seems to depend on your Agency! Mine took about 30 days. Some have gotten them with their last paycheck. Others with a separate check two weeks or so. Check with HR or your Pay Clerk for your Agency.

  6.  
  7. #88

    Join Date
    Apr 2005
    Posts
    14,323
    Blog Entries
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    Default My retirement journey

    Quote Originally Posted by evilanne View Post
    James,

    What agency did you work for? In 2016 it only took 3-4 months to get interim payment adjustment for me but there wasn't any outside factors like COVID
    I worked for the FAA. It took six weeks after my last pay period to get my annual leave payout, and I just got my booklet yesterday- which outlines that I will get another interim pension payment in January, and the first full payment on February 1.


    So it took from August 31, until the following February 1, to get the full pension sorted out. I was planning on December, not February, but I’ll be ok. I was originally hoping to spend the time right after retiring on doing some extensive travel around Europe.
    So much for that idea!


    Sent from my iPhone using TSP Talk Forums

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  9. Default Re: My retirement journey

    some HR departments know what they are doing and some are clueless...just like all Gov agencies

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  11. #90

    Default Re: My retirement journey

    Hi- based on our experiences:
    Me: Retired 4/2016 - Received interim payments 6/30/2016, 7/14/2016, 7/29/2016 (Adjustment); 1st correct annuity -8/31/2016
    Spouse: Retired 3/2018 - Received interim payments 5/09/2018,5/31/2018,6/28/2018,7/15/2018 (Adjustment); 1st correct annuity -7/31/2018
    Approximately 4 months after retirement you receive your 1st correct annuity payment
    Emotions should never play a role in one's investing strategy!
    No to Greed...No to Fear!
    http://share.robinhood.com/mariloc1


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