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