Ask The Experts: Retirement

By Reg Jones

Sept. 30 vs. Oct. 1

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Q. I am considering retirement. Can someone tell me the pros and cons for retiring at the close of business Sept. 30 or retiring at the close of business Oct. 1? I am in CSRS.

A. If you retire on Monday, Sept. 30, you’d receive one day of pay and be on the annuity roll on Tuesday, Oct. 1, when you’d be entitled to a full month’s annuity. If you retire on Tuesday, Oct. 1, you’d earn two days of pay and be on the annuity roll on Wednesday, Oct. 2, when you’d be entitled to 29/30ths of your first month’s annuity.

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