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Ten Retirement Mistakes 1.) Retiring on the spur of the moment. (Ex: A difficult assignment, personality clash on the job, or the early out of "92".) 2.) Failing to discuss retirement plans with your spouse. 3.) Retiring "from" something without having something better to do. 4.) Expecting to live comfortably on your annuity without making realistic calculations of how much money it will take to maintain your standard of living. 5.) Failing to stay abreast of developments and changes in federal retirement entitlement and trends. 6.) Retiring without reviewing all the retirement options. (Pros & Cons) 7.) Basing retirement decision on the advice of friends rather than consulting with the experts. 8.) Selling your house and moving to an area without being sure of the cultural, social, and economic realities of the move. 9.) Believing that your active productive life if over just because you are retiring. 10.) Failing to review all your service and entitlement to be sure you get proper credit. Believing that the estimate you receive from the postal service is the actual amount of your annuity. |
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Processing an Application for Retirement Verification of federal service should be confirmed as soon as possible and made a part of the Official Personnel Folder (OPF) to ensure at retirement all civilian and military records are verified. Everyone should maintain a file of the official personnel folder. If there are no records for periods of federal/civilian service you may obtain verification of that service by writing to: National Archives and Record Administration National Personnel Records Center (Civilian Personnel Records) 111 Winnebago Street St. Louis, MO 63318 The request must include full name (including the name used during the period of service that is to be verified), date of birth, social security number, places and periods of unverified employment and position held. Employees retiring optionally should submit an application for retirement (SF12801) to their personnel office at least a month before the retirement date. When applying for disability retirement, submit application statement of disability (SF2824A), supervisor (SF2824B), and physician statement (2824C). The records from the individual employing office to the Office of Personnel Management (OPM) generally takes two to four weeks. The employee will be placed in a special pay status (approximately 85% of annuity) which will be lower than the actual annuity. Once special pay is approved it takes about ten days for the retiree to receive the first payment. There after, special pay annuity checks are received on the first business day of each month. |
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Retirement Related links |
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Please read the retirement pamphlets below to learn and understand how your CSRS Retirement Plan works.
Retirement Facts 1 The information presented in this pamphlet is an overview of the major provisions of the Civil Service Retirement System (CSRS) for employees who are covered by this retirement plan.
Retirement Facts 2 This pamphlet pro vides in formation on crediting military service in the Civil Service Retirement System (CSRS).
Retirement Facts 3 Deposits and Redeposit Under the Civil Service Retirement System.
Retirement Facts 4 Disability Retirement Under the Civil Service Retirement System.
Retirement Facts 5 Survivor Benefits Under the Civil Service Retirement System.
Retirement Facts 6 Early Retirement Under the Civil Service Retirement System
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Stamford CT Area Local |
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American Postal Workers Union |
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Retirement’s Corner |
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To contact The Stamford CT Area Local or the webmaster by mail, phone, fax or E-mail. |
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Phone: (203) 348-6038 Fax: (203) 708-9997 E-mail: Galazin3@aol.Com
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