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Frequently Asked Questions Retirement

What steps should I take when I get close to retiring?

When you get within one year of retirement eligibility, you should:

  • Confirm when you will be eligible to get a retirement benefit;
  • Decide when you want to retire;
  • Get information about other benefits to which you may also be eligible, such as Thrift Savings Plan payment options and any other entitlements based on employment, for example: Foreign Service, Social Security, pensions from private industry, and Individual Retirement Accounts (IRA). You should have a fairly comprehensive picture of all sources of your retirement income and when each is payable.
  • Tell your supervisor about your proposed retirement date. You should give sufficient notice to allow for planning for someone to take your place.
  • Attend a pre-retirement counseling seminar.
  • Make an appointment with your personnel officer to review your Official Personnel Folder (OPF) or its equivalent to make sure all your records are complete and accurate, all service is verified, and your insurance coverage is documented.

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