About the Retirement Application
We spoke briefly about the retirement application package in a previous post. The question of when the Retirement Application should be completed is relevant in evaluating your check list of things to do in order to take full advantage of your Federal and Postal Benefits.
Reading carefully all of the information in the Retirement Application package is a must before submission. There is no need to submit a letter of resignation since your completed application is equivalent to a resignation. Further, if you are eligible for benefits it is important not to resign with the intent of retiring later. Suppose you were to pass away after leaving your employment but before submitting your retirement application.
You would have no life insurance, no survivor benefit and no survivor health care coverage available to your survivors. It is always a good idea to talk to your human resource office when making important decisions that impact you and your family. Make sure your FEGLI coverage is appropriate for your needs and that you have a plan for your TSP.
P. S. Always Remember to Share What You Know.