Optimal Retirement Dates in the Year 2026
Planning Your Retirement in 2026: A Guide for Federal Employees
As the New Year approaches, many federal employees are considering retirement. To help with this important decision, we've gathered some key facts and information to assist in planning the best date for retirement in 2026.
Firstly, it's important to note that the 2026 leave year begins on January 11, 2026, and ends on January 9, 2027. This year, there will be 26 leave periods for most federal employees. The leave year begins on the first day of the first full biweekly pay period in a calendar year.
If you're planning to retire before the new leave year begins, you may be eligible for a lump-sum payment. This payment would include the carried over leave from the previous year, as well as the leave accrued during the current year. The Office of Personnel Management (OPM) has a fact sheet titled "Lump-Sum Payments For Annual Leave" with more information.
It's also worth noting that approximately 25% of all immediate, voluntary retirements are received at or near the end of the "leave year". If you're planning to retire at this time, it's crucial to notify your Human Resources specialist at least 30 to 90 days before stopping work to complete the Online Retirement Application (ORA).
To help with your planning, we've provided a calendar intended to assist in determining the best retirement date for 2026. This calendar is based on guidance from last week.
Lastly, it's important to remember that the authority responsible for calculating the pensions of federal employees in Germany is the Deutsche Rentenversicherung Bund (German Pension Insurance Federation). If you're a federal employee in Germany considering retirement, it's advisable to consult with the appropriate authorities to understand the specific implications for your retirement benefits.
We hope this information is helpful as you consider your retirement plans for 2026. For more detailed information, we encourage you to refer to the OPM fact sheets mentioned earlier. Good luck with your retirement planning!
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