Q: I bought back four years of military service last month. If I can take this off my taxes for 2009, will it show on my W-2 forms and leave and earnings statement? A: No, you can’t take it off your taxes and it won’t show up on either your W-2 or your leave and earnings statement.
Monthly Archives: December, 2009
Q: I am a Postal Service employee with 25 years of service. My question is, does a civilian federal employee receive full health benefits upon retirement or do they have to purchase a plan? How about retired postal employees? A: If you were enrolled in the Federal Employees Health Benefits program for the full five years before you retire, you can carry that coverage into retirement. If you weren’t, you can’t carry that coverage into retirement, nor may you enroll in the FEHB program after you retire. Note: Because you are a Postal Service employee, your premiums would be higher…
Q: If I elect to take Medicare Part B at age 65 and I also elect to defer drawing Social Security until age 70, how will I be able to make the Medicare payments for the five-year gap since an allotment from my Social Security check will not be an option? A: If you are retired, you can have the Part B premiums deducted from your annuity. If you are still employed, you can have them deducted from your salary. Note: If you are still employed and covered by the Federal Employees Health Benefits program, you have the option of…