8 months of pay
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oh just an fyi for those interested. You may have noticed that most fed employees choose the last day of a calendar year to retire. Why so? Because we are allowed to carry a maximum of 240 hours annual leave over to the next calendar year. If one had lets say 250 hours of this leave available at the end of the year, the government would simply erase 10 hours off your record. So with this in mind, one could enter their last year of work with 240 hours of leave and accumulate approximately 200 plus more hours during this last year and have over 440 hours total in retirement. This is cash money payed back to you at your current hourly rate. I am told though that there is a very harsh witholding performed on this amount to the tune of 40% which is absurd but obviously much returned back after doing taxes.
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@NobodySock said in 8 months of pay:
@George-K said in 8 months of pay:
What's the typical annual leave?
Not sure what you are asking
You said " we are allowed to carry a maximum of 240 hours annual leave."
That's 6 weeks' vacation, assuming a 40 hour week.
How much vacay is typical? I assume it varies with job title, position, etc.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@Aqua-Letifer said in 8 months of pay:
@89th said in 8 months of pay:
Gotta give credit for big ideas.
No, you actually fucking don't. Some folks with Medicaid are getting screwed over as of today due to this nonsense. My wife's office had to turn people away and if this doesn't get fixed soon, my sister-in-law and her daughter are SOL.
This is about the RTO order, not the spending freeze. But on that issue, this is sounding quite a lot like the “malicious enforcement” thing like when somebody removed the Tuskagee Airmen from the website.
I’m sure that @Jolly @George-K and @Mik will know more than me, but it’s my understanding that the Federal Government does not fund the portal on a daily or even weekly basis, the funds set aside for Medicaid are already set aside and do not count as new funding. Somebody in the government (probably somebody not considering the resignation offer) proceeded to shut down the already funded portal. The portal was restored yesterday, but is now acting buggy. It’s worth noting that the administration as well as many state officials were on the record yesterday stating that the freeze would not affect Medicaid or Head Start.
@LuFins-Dad said in 8 months of pay:
@Aqua-Letifer said in 8 months of pay:
@89th said in 8 months of pay:
Gotta give credit for big ideas.
No, you actually fucking don't. Some folks with Medicaid are getting screwed over as of today due to this nonsense. My wife's office had to turn people away and if this doesn't get fixed soon, my sister-in-law and her daughter are SOL.
This is about the RTO order, not the spending freeze. But on that issue, this is sounding quite a lot like the “malicious enforcement” thing like when somebody removed the Tuskagee Airmen from the website.
I’m sure that @Jolly @George-K and @Mik will know more than me, but it’s my understanding that the Federal Government does not fund the portal on a daily or even weekly basis, the funds set aside for Medicaid are already set aside and do not count as new funding. Somebody in the government (probably somebody not considering the resignation offer) proceeded to shut down the already funded portal. The portal was restored yesterday, but is now acting buggy. It’s worth noting that the administration as well as many state officials were on the record yesterday stating that the freeze would not affect Medicaid or Head Start.
Could very well be malicious enforcement, but if that's so then someone needs to go to jail. A lot of people were turned away from their doctors' offices yesterday.
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@NobodySock said in 8 months of pay:
@George-K said in 8 months of pay:
What's the typical annual leave?
Not sure what you are asking
You said " we are allowed to carry a maximum of 240 hours annual leave."
That's 6 weeks' vacation, assuming a 40 hour week.
How much vacay is typical? I assume it varies with job title, position, etc.
@George-K said in 8 months of pay:
@NobodySock said in 8 months of pay:
@George-K said in 8 months of pay:
What's the typical annual leave?
Not sure what you are asking
You said " we are allowed to carry a maximum of 240 hours annual leave."
That's 6 weeks' vacation, assuming a 40 hour week.
How much vacay is typical? I assume it varies with job title, position, etc.
One starts out earning 4 hours vacation every two weeks. After a certain amount if years, it bumps to 6 per pay period. And finallt tops out at 8 hours per pay period. Cant remember how many years service to get to magic 8. On top of this annual leave, everyone gets 4 hours per pay period for sick leave. One can accumulate as much of that as they want but it is not given back to the retiree as cash but added as time served.
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@George-K said in 8 months of pay:
@NobodySock said in 8 months of pay:
@George-K said in 8 months of pay:
What's the typical annual leave?
Not sure what you are asking
You said " we are allowed to carry a maximum of 240 hours annual leave."
That's 6 weeks' vacation, assuming a 40 hour week.
How much vacay is typical? I assume it varies with job title, position, etc.
One starts out earning 4 hours vacation every two weeks. After a certain amount if years, it bumps to 6 per pay period. And finallt tops out at 8 hours per pay period. Cant remember how many years service to get to magic 8. On top of this annual leave, everyone gets 4 hours per pay period for sick leave. One can accumulate as much of that as they want but it is not given back to the retiree as cash but added as time served.
So obviously, it is my intention to save as much annual leave as possible this year before I retire, but now it may be cut short by three months as well as an intended recon trip to Sardinia this May to determine if this is truly the place for me that’s gonna burn 120 hours right there . But I have heard rumor that I should be able to use 120 hours of the sick leave pot for this, but don’t hold me to it. I need to find out.
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@NobodySock said in 8 months of pay:
@George-K said in 8 months of pay:
What's the typical annual leave?
Not sure what you are asking
You said " we are allowed to carry a maximum of 240 hours annual leave."
That's 6 weeks' vacation, assuming a 40 hour week.
How much vacay is typical? I assume it varies with job title, position, etc.
@George-K said in 8 months of pay:
@NobodySock said in 8 months of pay:
@George-K said in 8 months of pay:
What's the typical annual leave?
Not sure what you are asking
You said " we are allowed to carry a maximum of 240 hours annual leave."
That's 6 weeks' vacation, assuming a 40 hour week.
How much vacay is typical? I assume it varies with job title, position, etc.
I had an offer from the VA. Leave is why I worked for Louisiana. When I retired, they paid me for 300 hours of vacation leave. Then they combined my sick leave and the rest of my vacation leave, and rolled it into my retirement as service time.
All 4 years of it.
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If I could roll-over sick leave I'd probably be sitting on a beach right now.
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i just dawned on me that if this new EO is all I think it is, I can take my trip to Sardinia and not use 1 single hour of leave. Boy, this is sounding better by the minute.
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i just dawned on me that if this new EO is all I think it is, I can take my trip to Sardinia and not use 1 single hour of leave. Boy, this is sounding better by the minute.
@NobodySock said in 8 months of pay:
i just dawned on me that if this new EO is all I think it is, I can take my trip to Sardinia and not use 1 single hour of leave. Boy, this is sounding better by the minute.
Sounds like it got rescinded.
Please love yourself.
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@Aqua-Letifer said in 8 months of pay:
@89th said in 8 months of pay:
Gotta give credit for big ideas.
No, you actually fucking don't. Some folks with Medicaid are getting screwed over as of today due to this nonsense. My wife's office had to turn people away and if this doesn't get fixed soon, my sister-in-law and her daughter are SOL.
This is about the RTO order, not the spending freeze. But on that issue, this is sounding quite a lot like the “malicious enforcement” thing like when somebody removed the Tuskagee Airmen from the website.
I’m sure that @Jolly @George-K and @Mik will know more than me, but it’s my understanding that the Federal Government does not fund the portal on a daily or even weekly basis, the funds set aside for Medicaid are already set aside and do not count as new funding. Somebody in the government (probably somebody not considering the resignation offer) proceeded to shut down the already funded portal. The portal was restored yesterday, but is now acting buggy. It’s worth noting that the administration as well as many state officials were on the record yesterday stating that the freeze would not affect Medicaid or Head Start.
@LuFins-Dad said in 8 months of pay:
It’s worth noting that the administration as well as many state officials were on the record yesterday stating that the freeze would not affect Medicaid or Head Start.
Not originally, that was part of the midday walkback.
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@NobodySock said in 8 months of pay:
i just dawned on me that if this new EO is all I think it is, I can take my trip to Sardinia and not use 1 single hour of leave. Boy, this is sounding better by the minute.
Sounds like it got rescinded.
@Aqua-Letifer said in 8 months of pay:
@NobodySock said in 8 months of pay:
i just dawned on me that if this new EO is all I think it is, I can take my trip to Sardinia and not use 1 single hour of leave. Boy, this is sounding better by the minute.
Sounds like it got rescinded.
The spending freeze was rescinded, but this was a separate thing, I believe.
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https://joycevance.substack.com/p/how-to-push-back
I can concur with Vance's article. I am on a Federal Employees group page on FB and this has been the theme from all. "how dare he, we will show them" attitude. Of course, these are mostly folks who still have a ways to go before the siren call of the new life with sandy beaches and pina coladas. A second email came out yesterday with FAQ's from the same author, hq@opm.gov, answering some of the very questions I immediately had, and it appears they would treat me during these 8 months of not working , exactly the same as if I were. 8 months of time served, accumulating vacation and sick leave, etc. Two big issues for me both occur near the end of April. If they did not honor these 2 issues for me then it would be a definite no go. I turn 62 in April which is a magic number for federal retirement. I am also due for my next Step in pay as a GS14 step 6 to step 7 at the same time.
The retirement pension formula works like this,- take the average salary from your highest paid 3 consecutive years worked, usually this is your last 3 years obviously and multiply it by 1% (unless one is at least 62 years of age with at least 20 years of service, in which you multiply that average salary by 1.1%). Believe me, the extra 10 percent is nothing to sneeze at. You then take that number and multiply it by the number of years served and there is your annual pension for us FERS (federal employees retirement system) employees. There is another older kind of federal worker that may still have a smattering of active workers called CSRS, which has a totally different formula for retirement but that system was retired in 19878 and the new FERS replaced it. They didn't pay into Social Security and thus do not receive its benefits, nor did the government match the first 5 percent of contributions to their Thrift Savings Plan, (govt 401k). But, they make up for it in a much nicer percentage of the pension portion. Many say it was the better retirement system but I am not so sure. My pension portion with this formula is approximately 45% of my current salary whereas the CSRS folks I believe are getting 75% or so. Again, no SS, and not much focus on their own TSP as there was no incentive to contribute with govt not matching their first 5% contributions like us. So most of my retired CSRS friends really had no TSP to speak of.
I still await more information, namely from my own agency and something more official looking from OPM than an Elon Musk authored email that looks like spam at first. But, if those offers actually become valid over the next week, how can I not accept in my position of life? This next week will be very interesting. I can see them pulling this offer back just like the spending freeze as well , so I am in sit and hold mode for now.
- take the average salary from your highest paid 3 consecutive years worked, usually this is your last 3 years obviously and multiply it by 1% (unless one is at least 62 years of age with at least 20 years of service, in which you multiply that average salary by 1.1%). Believe me, the extra 10 percent is nothing to sneeze at. You then take that number and multiply it by the number of years served and there is your annual pension for us FERS (federal employees retirement system) employees. There is another older kind of federal worker that may still have a smattering of active workers called CSRS, which has a totally different formula for retirement but that system was retired in 19878 and the new FERS replaced it. They didn't pay into Social Security and thus do not receive its benefits, nor did the government match the first 5 percent of contributions to their Thrift Savings Plan, (govt 401k). But, they make up for it in a much nicer percentage of the pension portion. Many say it was the better retirement system but I am not so sure. My pension portion with this formula is approximately 45% of my current salary whereas the CSRS folks I believe are getting 75% or so. Again, no SS, and not much focus on their own TSP as there was no incentive to contribute with govt not matching their first 5% contributions like us. So most of my retired CSRS friends really had no TSP to speak of.
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"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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As with many of the EOs, the actual legality of them is under review. For example, he's making a process of payment using a budget that hasn't been passed yet by the legislature. (Insert jokes here about all the debts he has never paid over his career) Case in point, he says birthright citizenship is unconstitutional, when it is literally in the constitution. I'm not disagreeing with all of his big moves, but I think we can all agree he's throwing pasta orders against the wall and waiting to see what sticks.
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There was a day when conservatives used to complain very loudly about POTUS making off-the-cuff decisions and trying to force them through without involving any of the rest of the government.
But it wasn't this day.
