Q: With all the talk of Postal Service insolvency and possibly shutting down by 2012, will I lose my retirement annuity and health benefits if I continue to work and this happens? If so, and I wish to take my FERS retirement before this happens, am I still in danger of losing my retirement annuity and health benefits as a retiree? I am a FERS employee who is 60 years old with 23 years at the Postal Service and am eligible to retire with full benefits including the Social Security supplement till 62.
A: The CSRS and FERS systems, Federal Employees Health Benefits program, and Federal Employees’ Group Life Insurance program are backed by the full faith and credit of the United States government.
