When Should I Retire?
One of the common questions we receive from federal employees is, when should I retire? Of course, choosing a retirement date depends on many personal factors such as eligibility, finances, and emotions, but let’s discuss the best day of the year to retire. The most important factor in determining a retirement date is knowing when the federal pension will actually be received. Federal pension payments begin the month after the federal pension becomes effective; those receiving a pension are paid one month in arrears. As with many things, the rules on effective dates differ between FERS and CSRS.