Retirement Career Interview Preparation Guide
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Retirement Career frequently Asked Questions by expert members related to the Retirement. These questions and answers will help you strengthen your technical skills, prepare for the new job test and quickly revise the concepts

16 Retirement Career Questions and Answers:

1 :: Tell me can I roll over my refund of retirement contributions?

You can roll over lump sum payments representing your retirement contributions, including voluntary contributions, and applicable interest. An eligible payment can be paid either to you or directly to an individual retirement account or other employee sponsored plan. Your choice will affect the amount of taxes you owe.
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2 :: Suppose I left my Government job before becoming eligible for retirement. What are my options regarding my retirement contributions

You can ask that your retirement contributions be returned to you in a lump sum payment. Or, you can wait until you are retirement age to apply for monthly retirement benefit payments. If you get a refund of your retirement contributions now, you will no longer be eligible to receive monthly payments when you reach retirement age.
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3 :: Tell me how do I apply to have my retirement contributions returned to me in a lump sum payment?

If you are leaving your Federal job and want a refund of your retirement contributions, you can get an application from your personnel office, complete it, and return it to them.
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4 :: Tell me is my refund of retirement contributions taxable?

Your retirement contributions are not taxable, but interest included in the payment is taxable.
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5 :: Tell me will I be eligible for health and life insurance benefits when I begin receiving a deferred retirement benefit?

Generally, since your coverage under these programs effectively ended when you left Federal service, you cannot continue the coverage into retirement when you receive a deferred annuity.
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6 :: Tell me will I get interest on the lump sum payment of my retirement contributions?

If you contributed to the Federal Employees Retirement System (FERS), you will get interest on the refund of those contributions if you worked more than one year. Interest is paid at the same rate that is paid for government securities. See the variable interest rates. If you contributed to the Civil Service Retirement System (CSRS) while you worked, interest will be included in the refund of those contributions if you have more than one but less than five years of service. Interest is paid at three percent.
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7 :: Explain your greatest weakness?

This is a challenging question -- as if you have no weaknesses you are obviously lying! Be realistic and mention a small work related flaw. Many people will suggest answering this using a positive trait disguised as a flaw such as "I'm a perfectionist" or "I expect others to be as committed as I am." I would advocate a certain degree of honesty and list a true weakness. Emphasize what you've done to overcome it and improve. This question is all about how you perceive and evaluate yourself.
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8 :: Tell me what you know about Retirement Security?

Follow these three easy research tips before your next job interview:
► Visit the company website; look in the "about us" section and "careers" sections.
► Visit the company's LinkedIn page (note, you must have a LinkedIn account - its free to sign up) to view information about the company.
► Google a keyword search phrase like "press releases" followed by the company name;
you'll find the most recent news stories shared by the company Remember, just because you have done your "homework", it does not mean you need to share ALL of it during the interview! Reciting every fact you've learned is almost as much of a turn off as not knowing anything at all! At a minimum, you should include the following in your answer: 1. What type of product or service the company sells 2. How long the company has been in business 3. What the company culture is like OR what the company mission statement is, and how the culture and/or mission relate to your values or personality
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9 :: Tell me why should the Retirement Security hire you?

This is the part where you link your skills, experience, education and your personality to the job itself. This is why you need to be utterly familiar with the job description as well as the company culture. Remember though, it's best to back them up with actual examples of say, how you are a good team player. It is possible that you may not have as much skills, experience or qualifications as the other candidates. What then, will set you apart from the rest? Energy and passion might. People are attracted to someone who is charismatic, who show immense amount of energy when they talk, and who love what it is that they do. As you explain your compatibility with the job and company, be sure to portray yourself as that motivated, confident and energetic person, ever-ready to commit to the cause of the company.
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10 :: Tell me what you can do for Retirement Security?

this question will be asked collect your knowledge of the company and competence as well. Firstly you make sure that you have researched all information about the company before attending the interview and understand which tasks are waiting for you. You should offer examples to explain why your education, skills, and experience will be precious aspects for the employer. Also consider comparison in your goals to objectives of the company and hiring position. Remember to mention what achievement you have had in previous jobs. And you see yourself that the hiring position creates your special interest.
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