Q: I am 68 and a retiree from the federal government. I had been working part time for a defense contractor until the contract ended. I’m now unemployed. I have Medicare Parts A and B, and BCBS as a secondary. I noticed my BCBS for standard option increased $59.66 a month for 2011. I am now paying $234.74 a month for standard and $97.50 a month for Medicare Part B, for a total of $332.24 a month. Do you know of a less expensive way to get the same coverage? A: You’ll need to do some comparison shopping during the…
Monthly Archives: February, 2011
Q: I am working full time and plan to retire soon from the Department of Justice under FERS. Because my position will not be posted now due to the hiring freeze, I am looking at delaying my retirement but going part time (two to three days a week) for a few months. Can you tell me what disadvantages there might be to doing this? Could this have any effect on my retirement benefits/annuity when I finally do retire in a few months? I heard that the part-time status is somehow prorated and may decrease the amount of my ‘high 3’…
Q: I am a civil service employee and pay into a retirement plan under CSRS. Can I deduct that money from my federal taxes? A: No.