Just started now, and yes, it did help a lot as SS uses your 35 highest grossing years to figure out your annuity. The early years of my subbing where I only made between $500-2000/ per year, dropped off as more of my full time years figured in.Likely helped your SS annuity as well.... or will help it, if you're not already drawing it....
I am over 62 and eligible to retire. And my opinion hasn't changed grasshopper. I watched Kung-fu too. Maybe they should have put more money in tsp. I don't want to work 6 days a week in my pov with all the injuries my job has given me. Js gravy train.......If you ever get close to retirement, and understand trying to get a decent pension, you will change your opinion on this.... js.... high-3 is specifically intended to help boost up retirements, and that's the rationale they gave for pushing it to having 10 years as a Reg before requesting it.... live and learn, grasshopper.....
I love your post. GOD and FAMILY first. 5 days is enough for me also, especially at my age. Some regulars would work 7 days a week and complain if they was required to.
If I drop, I plan to keep the same schedule by taking leave.... but, I did elect a high option to try to keep the salary up.... to each their own.... js.... everybody has different circumstances....
If you take high option, you can always change you mind through the year.
Oh, I know. My issue is making a selection BEFORE knowing what is the actual evaluation.
We got an open sub spot in our office.
For the exact same reason youāve stated numerous timesā¦. To keep the same payā¦.
Iām quite sure my math/thinking here is wrong, but reading it like you proposed here, you said āextra 4 hours weekly of OTā¦āMo money.... aka.... SHOW US THE MONEY!!!!!
Keep in mind.... these extra hours are all at the OT rate.... extra 4 hours weekly of OT per annum = ~$10,0000 .... aka TEN THOUSAND DOLLARS.....
And, in my case, I'm sitting on a whole pile of AL & SL.... so, I'd likely just take an extra day of leave each pay period and basically keep the same schedule.... change???? What changed????
So, you see, same schedule, and more money.... who wouldn't take that deal and keep building the ole high-3 for retirement.... So, there are many things to consider, and what you mentioned is but one, that can likely be mitigated....
Been like that the 3 counts I been thru 2012,2015,2018ā¦. Some things will never changeā¦ only thing I can say, this survey, hidden mail was nowhere as bad as it was back then. It was bad, but not as bad. (For me anyway)
On the pay tables.... all hours above 40 are figured/calculated at the OT rate..... the 40 hour rate is at straight time, but a 41 hour rate is 40 straight time hours and one OT hour.... and a 46 is 40 straight plus 6 OT hours.... so this is why the hours above 40 are $$$$ beneficial.... basically time and a half.... so if you could choose high option, then say, you could turn a 42k into a 46J.... so for that one extra day per pay period worked, you'd get an extra 4 OT hours per week, or 8 hours of OT per pay period.... and if you go to the pay tables that could boost your annual salary to above an additional $10k per annum depending on what Table and Step you are at... so, those 26 extra days worked are worth more than many of your other days..... also, your DACA 5s are boosted up as well.... it's basically a mathematical exercise.... aka you have to do the math....
Gottcha! I see where I wasnāt thinking right. i knew, but forgot about, (for example) the 42k becoming a 46jā¦..On the pay tables.... all hours above 40 are figured/calculated at the OT rate..... the 40 hour rate is at straight time, but a 41 hour rate is 40 straight time hours and one OT hour.... and a 46 is 40 straight plus 6 OT hours.... so this is why the hours above 40 are $$$$ beneficial.... basically time and a half.... so if you could choose high option, then say, you could turn a 42k into a 46J.... so for that one extra day per pay period worked, you'd get an extra 4 OT hours per week, or 8 hours of OT per pay period.... and if you go to the pay tables that could boost your annual salary to above an additional $10k per annum depending on what Table and Step you are at... so, those 26 extra days worked are worth more than many of your other days..... also, your DACA 5s are boosted up as well.... it's basically a mathematical exercise.... aka you have to do the math....
