HHS: where do you find your estimated severance?

[Anonymous]

I mean isn’t it better to get lifetime health insurance through a DSR than a one time annuity and no health insurance? Do the math

[Anonymous]

Anonymous wrote:I found mine in GRB. But keep in mind - while it shows a severance figure for me - I don't think I'm qualified to receive it as MRA plus 10. It's sad because it's almost a year of severance...

I don't understand. What is MRA plus 10.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I found mine in GRB. But keep in mind - while it shows a severance figure for me - I don't think I'm qualified to receive it as MRA plus 10. It's sad because it's almost a year of severance...

What do you mean by this? Is this specific to HHS?

This is federal wide. Apparently if you are eligible for an immediate annuity which you are at MRA plus 10 then you aren’t eligible for severance. My annuity will be crap so this really sucks.

This is so unfair!!

Agree. I would never even know this but we’ve never been threatened with RIF before. So frustrated. And as a single parent it’s pretty scary.

Wait you’re a single parent at minimum retirement age plus 10? My MRA is 57- surely your kids are grown?

y

She’s 17.

[Anonymous]

Anonymous wrote:I mean isn’t it better to get lifetime health insurance through a DSR than a one time annuity and no health insurance? Do the math

I don’t qualify for DSR. I only have 14 years. So no severance. And I take a hit on my pension for every year under 62. Yes I can get the health insurance. If I can get another job I’ll postpone the pension to 62. We’ll see.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I found mine in GRB. But keep in mind - while it shows a severance figure for me - I don't think I'm qualified to receive it as MRA plus 10. It's sad because it's almost a year of severance...

I don't understand. What is MRA plus 10.

Minimum retirement age plus at least 10 years of service

[Anonymous]

Lifetime health insurance for your family is worth alot.

[Anonymous]

Anonymous wrote:Lifetime health insurance for your family is worth alot.

It is. It will eat up almost all of my tiny pension. But it’s better than nothing. It’s sad this is what it’s come to.

[Anonymous]

Are we sure that MRA plus 10 disqualifies you from severance? I’ve been assuming that you had to qualify for ‘regular’ retirement to lose severance. i.e. 62 or 20 years.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Lifetime health insurance for your family is worth alot.

It is. It will eat up almost all of my tiny pension. But it’s better than nothing. It’s sad this is what it’s come to.

And this assumes they don’t dismantle it.

[Anonymous]

Anonymous wrote:Are we sure that MRA plus 10 disqualifies you from severance? I’ve been assuming that you had to qualify for ‘regular’ retirement to lose severance. i.e. 62 or 20 years.

All I know is that the severance info on OPM says you aren’t eligible if you are entitled to an immediate annuity. I would love to be wrong

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I found mine in GRB. But keep in mind - while it shows a severance figure for me - I don't think I'm qualified to receive it as MRA plus 10. It's sad because it's almost a year of severance...

What do you mean by this? Is this specific to HHS?

This is federal wide. Apparently if you are eligible for an immediate annuity which you are at MRA plus 10 then you aren’t eligible for severance. My annuity will be crap so this really sucks.

This is so unfair!!

But you keep your health insurance!!! This is a huge factor. You keep your health insurance for LIFE if you take a discontinued service retirement.

It’s not DSR if you don’t have 20 years. And you understand the health insurance isn’t free right? I’ll be using my entire annuity to cover it. Which is better than nothing. But. It’s not going to pay the bills in retirement

[Anonymous]

Anonymous wrote:

Anonymous wrote:Are we sure that MRA plus 10 disqualifies you from severance? I’ve been assuming that you had to qualify for ‘regular’ retirement to lose severance. i.e. 62 or 20 years.

All I know is that the severance info on OPM says you aren’t eligible if you are entitled to an immediate annuity. I would love to be wrong

A ton of people have already been riffed— the ones where they closed the whole office. If would be great if someone could post the details of severance/ retirement. I’ve made wildly different calculations over the last week when I base them on different assumptions such as this.

You’re absolutely correct that this is what employee express says, so you’d assume it would be accurate. However, MRA plus 10 is described as voluntary separation. The involuntary retirement is discontinued service retirement and it requires 20 years or age 62.

???

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Are we sure that MRA plus 10 disqualifies you from severance? I’ve been assuming that you had to qualify for ‘regular’ retirement to lose severance. i.e. 62 or 20 years.

All I know is that the severance info on OPM says you aren’t eligible if you are entitled to an immediate annuity. I would love to be wrong

A ton of people have already been riffed— the ones where they closed the whole office. If would be great if someone could post the details of severance/ retirement. I’ve made wildly different calculations over the last week when I base them on different assumptions such as this.

You’re absolutely correct that this is what employee express says, so you’d assume it would be accurate. However, MRA plus 10 is described as voluntary separation. The involuntary retirement is discontinued service retirement and it requires 20 years or age 62.

???

I agree. It seems if you are MRA but between 10 and 20 years you get screwed. I never thought I wouldn’t make it to 20 years so I only recently looked into this. Hopefully I’m wrong.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lifetime health insurance for your family is worth alot.

It is. It will eat up almost all of my tiny pension. But it’s better than nothing. It’s sad this is what it’s come to.

And this assumes they don’t dismantle it.

I don’t see any indication that they will dismantle it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Lifetime health insurance for your family is worth alot.

It is. It will eat up almost all of my tiny pension. But it’s better than nothing. It’s sad this is what it’s come to.

And this assumes they don’t dismantle it.

I don’t see any indication that they will dismantle it.

Me either. But 2 months ago I couldn’t imagine half the crap that’s happening