Anonymous wrote:The latest email floating around now says the billets of employees who elect to Resign will be eliminated.

What does billets mean?

The latest email floating around now says the billets of employees who elect to Resign will be eliminated.

Anonymous wrote:I know people who are taking it. They are not in bargaining units, subject to Schedule F, and expected to RTO soon. That's a perfect storm of feeling very expanded and immediately hit with inflexibility anyway.

*exposed

Specifically some at DOJ - there are other options for lawyers (and others)

I know people who are taking it. They are not in bargaining units, subject to Schedule F, and expected to RTO soon. That's a perfect storm of feeling very expanded and immediately hit with inflexibility anyway.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am seriously considering it. I’m retirement eligible, and I really don’t want this drama. I would only do it if the admin leave is real, so waiting for agency guidance. The agency has been silent on the deferred resignation so far, but there is lots of offline chatter about how it is illegal and can’t be funded. If they aren’t going to put people on administrative leave leave as directed by the OPM memo and FAQs, they need to say so.

What is the effect on your retirement if you resign/get fired rather than officially retire? Do you even know?

+1 I heard that the details were sparse on how this impacted your retirement payments. Devil's in the details.

Pretty sure this would not be a discontinued service retirement because you are resigning. But if you are otherwise eligible to retire you get the same payments/benefits. I don't think there is an official "retirement" other than HR putting your paperwork together which they would presumably do with this separation just like any other.

But, it would be considered "early retirement", no? If your official retirement date is Dec 1, and you "retire" Sept 30", then how does that impact your retirement payments?

In theory, if they honor this (big question mark), it would be the same as if you worked until 9/30 and separated/retired at that point. You would still get a penalty on your pension if you are not old enough/enough years of service to qualify for an unreduced annuity per the rules on OPM's site.

But resign /=/ retire.

The only difference is whether you apply for your pension. If you have the amount of time in service to qualify for your annuity you can do so, this applies if you are fired as well btw.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am seriously considering it. I’m retirement eligible, and I really don’t want this drama. I would only do it if the admin leave is real, so waiting for agency guidance. The agency has been silent on the deferred resignation so far, but there is lots of offline chatter about how it is illegal and can’t be funded. If they aren’t going to put people on administrative leave leave as directed by the OPM memo and FAQs, they need to say so.

What is the effect on your retirement if you resign/get fired rather than officially retire? Do you even know?

+1 I heard that the details were sparse on how this impacted your retirement payments. Devil's in the details.

Resigning or getting fired doesn’t affect your retirement except as a function of age and time in service.

My exDH got fired as a probationary fed last year. He opted to retire at 63 with 10 years of service and got a payout in line with those numbers. Of course, he hoped to go 15 or more, but he did not perform well. If you get fired and qualify for retirement, I believe it’s up to you to decide. If you opt to retire, you do not get unemployment and there is no special enrollment for health insurance on the basis of job loss, although there may be one on the basis of income change.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am seriously considering it. I’m retirement eligible, and I really don’t want this drama. I would only do it if the admin leave is real, so waiting for agency guidance. The agency has been silent on the deferred resignation so far, but there is lots of offline chatter about how it is illegal and can’t be funded. If they aren’t going to put people on administrative leave leave as directed by the OPM memo and FAQs, they need to say so.

What is the effect on your retirement if you resign/get fired rather than officially retire? Do you even know?

+1 I heard that the details were sparse on how this impacted your retirement payments. Devil's in the details.

Pretty sure this would not be a discontinued service retirement because you are resigning. But if you are otherwise eligible to retire you get the same payments/benefits. I don't think there is an official "retirement" other than HR putting your paperwork together which they would presumably do with this separation just like any other.

But, it would be considered "early retirement", no? If your official retirement date is Dec 1, and you "retire" Sept 30", then how does that impact your retirement payments?

In theory, if they honor this (big question mark), it would be the same as if you worked until 9/30 and separated/retired at that point. You would still get a penalty on your pension if you are not old enough/enough years of service to qualify for an unreduced annuity per the rules on OPM's site.

But resign /=/ retire.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I am seriously considering it. I’m retirement eligible, and I really don’t want this drama. I would only do it if the admin leave is real, so waiting for agency guidance. The agency has been silent on the deferred resignation so far, but there is lots of offline chatter about how it is illegal and can’t be funded. If they aren’t going to put people on administrative leave leave as directed by the OPM memo and FAQs, they need to say so.

What is the effect on your retirement if you resign/get fired rather than officially retire? Do you even know?

+1 I heard that the details were sparse on how this impacted your retirement payments. Devil's in the details.

Pretty sure this would not be a discontinued service retirement because you are resigning. But if you are otherwise eligible to retire you get the same payments/benefits. I don't think there is an official "retirement" other than HR putting your paperwork together which they would presumably do with this separation just like any other.

But, it would be considered "early retirement", no? If your official retirement date is Dec 1, and you "retire" Sept 30", then how does that impact your retirement payments?

In theory, if they honor this (big question mark), it would be the same as if you worked until 9/30 and separated/retired at that point. You would still get a penalty on your pension if you are not old enough/enough years of service to qualify for an unreduced annuity per the rules on OPM's site.

Anonymous wrote:I've had heard that people are taking it. They are all people eligible to retire who planned to retire this year anyways. Nothing to really lose for them...just extra $

What extra money? There is no extra money.

TBH I have been mulling the possible implications of someone *already planning to retire* taking OPM's "offer," but, as described ad nauseum in this forum, the timelines for "RESIGN" vs CR vs Possible Budget introduce too much uncertainty.

I've had heard that people are taking it. They are all people eligible to retire who planned to retire this year anyways. Nothing to really lose for them...just extra $

Anonymous wrote:Managers and others at the FDIC need to be Riffed. It’s criminal there.

Why do you say that

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you know of anybody who actually replied to the email and resigned? Everything I read suggests that it’s a very bad idea because there’s no guarantee of anything. I wonder how many people have taken the bait.

If they did they were fools.

Musk is never paying them
Trump is never paying them.

Those are facts.

I took the offer. No way I'm going back to office.

Cool, hope you start a thread updating us on the process and guidance you receive, we're all curious.

Didn’t Musk use this playbook for one of his companies where the subject line was the same, fork in the road?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Do you know of anybody who actually replied to the email and resigned? Everything I read suggests that it’s a very bad idea because there’s no guarantee of anything. I wonder how many people have taken the bait.

If they did they were fools.

Musk is never paying them
Trump is never paying them.

Those are facts.

I took the offer. No way I'm going back to office.

No one thinks you're real.

Anonymous wrote:

Anonymous wrote:Do you know of anybody who actually replied to the email and resigned? Everything I read suggests that it’s a very bad idea because there’s no guarantee of anything. I wonder how many people have taken the bait.

If they did they were fools.

Musk is never paying them
Trump is never paying them.

Those are facts.

I took the offer. No way I'm going back to office.