Not sure if this is the correct sub, if not, please suggest one that would be better suited.
I’m in a unique position where I can only make a certain amount of money per year (nothing over $64,000), otherwise I lose my federal retirement benefits.
I served 10 years in the military and transitioned into a GS12 position 5 years ago. I’ve been medically retired due to a mental health disorder and receive 40% of my salary per year (which is about $32,000) plus medical benefits where I pay my portion and the government pays theirs. This is taxable income.
I graduated from a technical school where the starting pay is around my maximum ($64,000) that I can make per year while still receiving the federal medical retirement.
It’s important that I still receive the federal medical retirement payment since it counts towards my actual retirement when I turn 62. At that point I will have 42 years of federal service and be able to retire with 42% of my original GS12 salary plus my 401K savings and social security. If I lose my medical retirement, I lose my retirement payment when I turn 62 and will just be getting social security plus my 401K savings.
My question is, how do I negotiate more paid time off instead of a higher wage? How do I tell HR about my situation? Should I even tell them? Also, I will not be needing medical benefits either which will save the company money.
TL:DR: I can only make a certain amount per year, otherwise I lose my federal medical retirement.
Submitted November 15, 2018 at 08:38AM by FMRThrowaway https://ift.tt/2qKISSI
