Q: I am a retired Marine with 27 years of service. It has been six years since I retired, and I recently was hired by the Ferderal Bureau of Prisons. Since I already receive retirement pay from my military career, will I be eligible to receive another retirement pension from the Federal Buerau of Prisons when I retire? A: Yes, you would be able to receive another annuity from the federal government when you meet the age and service requirements.
Yearly Archives: 2011
Q: Is there any rule that allows a FERS member (getting ready to retire) to transfer sick leave to their daughter (another FERS employee) in case of any future emergency? Rather give it than take the reduced credit for retirement purposes. A: No, there isn’t.
Q: Does eligibility to carry the Federal Employees Health Benefits plan in retirement also apply to those with less than five years continuous FEHB who retire with a Voluntary Separation Incentive Payments (BRAC installation) but are otherwise eligible to old-age retire (no Voluntary Early Retirement Authority needed)? I was rehired as a reinstatement after a long break in service, but have been continuously covered under Tricare (military spouse) for many years and did not elect federal health benefits until my second year back. Retirement with VSIP will occur after three years service this employment period, only two years of which…
Q: When civilians work compressed schedules (such as six 12-hour shifts and one eight-hour shift for 80 hours in a two-week period), how many holidays are they entitled to have off, or can the agency make them work all the holidays? A: Full-time employees are entitled to an “in lieu of” holiday when it falls on a nonworkday, even if they are on flexible or compressed work schedules. When that happens, the employee’s holiday is the basic workday immediately preceding the nonworkday. There are exceptions, one of which allows the head of an agency to designate a different “in lieu…
Q: I am retired active-duty military with 21 years and drawing military retirement. I also receive a Veterans Affairs disability payment with a 50 percent rating falling under CRDP rules. I have 15 years of civilian government employment under FERS and also made the deposit for my 21 years of active duty. When I retire under FERS, waive my military retirement and end up with 42 years of FERS, will I lose the VA payment or will I be able to keep it? A: You’ll be able to continue receiving your VA payment.
Q: I cannot find what the multiplier is for retirement from the foreign service. I think it is more than civiil service because of the mandatory retirement age of 65, but I could be wrong. A: You’ll find what you’re looking for by going to www.state.gov/documents/organization/85296.pdf and scrolling down to 3FAM6114, Foreign Service Retirement Plans.
Q: I am a 57-year-old retired Marine who was recently hired as a DAC. One question I didn’t ask was the minimum time required in order to qualify for a pension. I would also be interested in hearing how the pension compensation math is done. A: The numbers work out well for you. If you have five years of creditable civilian service, you would be able to retire at age 62. The formula used to compute your annuity would be 0.01 x your highest three years of average salary x your years and full months of civilian service.
Q: If I retire CSRS after 41 years and 11 months of service, can I get an excess retirement contribution refund or purchase additional annuity over 80 percen?. Do I use entire contributions for the additional annuity calculations or just the amount over 80 percent? A: Only the excess contributions may be used to purchase additional annuity. OPM will provide you with the exact amount when they process your retirement application.
Q: I work for the federal government. I’m a GS with 13 years of service. I worked part time for NAF in the past, and I stayed with their retirement plan and 401(k) plan. Will the federal government count the years that I worked for NAF in with my retirement? A: No, unless you meet the criteria spelled out on OPM’s website at www.opm.gov/retire/pre/naf/naf-1.htm.
Q: I am a CSRS employee and I plan to retire at the end of the year. I am interested in coming back as a part-time rehired annuitant. My research indicates that as a rehired annuitant, appointments are limited to a year or less, and the annuitant may not serve for more than 520 hours during the period ending six months following the commencing date; for more than 1,040 hours during any 12-month period or for more than a total of 3,120 hours. My confusion is that the appointment is limited to a year, however, the annuitant may not work…