Return to Article: Life After Government: What To Do
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12633
This article really is dumb. If you leave one job to go to another you have not retired! You simply have instituted one annuity and taken another position to generate income! Retirement advisors need to stop using the term retirement and talk about quitting work and starting an annuity - these are two very different events and are not covered by the word retirement. If you want to leave government for another job you should quit early (young enough to get another job and build another retirement annuity) and not take your government annuity (CSRS) until a later date when it will not be reduced, assuming the income from the new job is enough to live off of. If it is not you probably shouldn't quit. This way you will continue your current income stream and build a greater annuity for when you actually stop working. Military people with 20 years should retire from the military immediately and start another career before they are too old, and early enough to build another annuity for when they quit the new job.
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12385
Want to have over 240 hours of leave carried over? Just take a PCS to an overseas Air Base or RAF Base in the case of the UK. Not only can you carryover 45 days of Annual Leave until you retire; you earn HOME LEAVE (which can be taken only from overseas), which DOES NOT touch your Annual Lv. It is easy, all you have to do is get a GREAT boss like I had in Germany and England, and work, instead of worrying about playing...the ALv just piles up! Do not get too involved like I did; came back to CONUS with 45 days of ALv banked; AND 34 days of HOME LEAVE, which I never got around to taking...was too busy having fun working at the 86th TFW (USAFE, ACC, and PACAF's FINEST FIGHTER WING); General "Nute" Nugteren Commanding.
Jungle John
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12384
Good article, but it failed to mention the 'other' part of being retired, that is; regaining YOUR identity. Many people (especially men, traditionally) viewed themselves in terms of their job. Those in the uniformed services, in my opinion. Suddenly, no uniform, no mad scramble to go/return to work, no O/T. Sounds great, doesn't it? Well, it takes time to re-adjust, depending on the person/job. I suggest a couple of commonsense tips. First, stay in touch only w/close friends from work, the office 'buddies' will forget you. Second, don't hang around the old office, it's time to learn new things. Third, DON't worry about filling up 24 hours of each day as suggested, you only need one daily activity. Lastly, don't delay any dreamed-about activities for more than a year, because medical problems may start to arise later in life. With all the above being said, retirement is great, something we all worked for, so enjoy it!
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12379
Good point. I guess the author of the article considers 240 hours to be "considerable" annual leave, which works out to 30 work days, or 6 work weeks. Maybe the author is counting on retiring employees banking 240 hours, and then not taking annual leave at all during their last year. This would add another 208 hours, for a total of 448 hours of annual leave saved prior to retirement.
I guess it all depends on what your definition of "considerable" is, and whether or not you were able to bank 240 hours during your career. I have, after over 25 years of service, and I recommend that everyone else do so as well. It's not hard to do, just save a day or so every year, and carry it over. It pays a big dividend in the end, when you cash it in.
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12356
I take exception to the statement "Most federal employees nearing retirement age have considerable annual leave accrued." Unless you have an SES position, a federal employee can only accumulate a maximum of 240 hours carryover. And, the maximum leave that can be earned per pay period is 8 hours after 15 years of service which was achieved nearly 20 years ago. So, where does this considerable accrued leave by retirement come from?
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