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When you retire, any unused sick leave will be used in the computation of your annuity. However, the rules are different for those covered by CSRS and FERS. If you are covered by CSRS, youll get full credit for your sick leave balance. That is also true of those retiring under FERS in calendar year 2014 or later.
What is the warning about the FERS supplement?
FERS is a retirement plan that provides benefits from three different sources: a Basic Benefit Plan, Social Security and the Thrift Savings Plan (TSP). Two of the three parts of FERS (Social Security and the TSP) can go with you to your next job if you leave the Federal Government before retirement.
How do I submit SF 3107?
Use form SF 3107, FERS Application for Immediate Retirement, to apply for immediate retirement. You can obtain the form from your employing agency. Submit the completed application to your employing agency. Give your agency at least 60 days notice before the date you intend to retire.
What is SF 3107 2?
SF-3107-2 is a form used for applying for disability retirement under the Civil Service Retirement System (CSRS). Some of the information that must be reported on this form includes: 1. Personal information: Name, contact information, Social Security number, date of birth, and other identifying details.
What happens to unused sick leave federal employee?
FERS Supplement and the Earnings Test Warning About FERS Supplement! The Special Supplement is subject to the Social Security Earning Test. If you decide to work after retirement, your work income may affect your FERS SRS amount. In 2024, for every $2 earned above $22,320 the FERS supplement will be reduced by $1.
I, the individual identified above, designate the beneficiary or beneficiaries named below to receive any lump-sum benefit which may become payable under
Application for Immediate Retirement (Federal Employees
You must have your spouses consent to choose this option. Complete form SF 3107-2, Spouses Consent to Survivor Election, and attach it to your application.
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