Q. I am a Postal Service employee involved in a reduction in force. Could I transfer to a permanent part-time position with the Transportation Security Administration and maintain my current retirement benefits as a civil service employee? A. Yes.
Monthly Archives: October, 2012
Q. I am a 6c federal employee with a retirement 6c date of Sept. 28, 1996, and because of my 11 years of military service and buyback, I have a retirement service computation date of Aug. 26, 1985. I am four years away from 20 years of 6c time. However, I might have an opportunity to pursue a career in which I could make substantially more with the ability of working until age 65 if I desire. I should also point out that after my 11 years of military service, I continued with the reserves and will obtain a military…
Q. I am a 64-year-old with the Defense Department and have FERS retirement. My service computation date is Feb. 4, 2004. I am planning on retiring within the next year and want to know if my retirement, which I will get for the last 10 years under FERS, will be deducted from my Social Security, for which I have more than 40 credits? I was under the impression that CSRS employees were the ones who had the offset and FERS did not. Am I correct? A. Since your only federal service is under FERS, you won’t be subject to the…
Q. I will be 64 this year and am considering retirement as a Senate employee. If I retire and begin my annuity from FERS, can I be employed part time and not lose any of my annuity or benefits if I earn less than the earnings limit set by Social Security? A. With rare exception, if you retire and are re-employed by the federal government, the salary of your new position will be reduced by the amount of your annuity. So, before you accept another position, you’ll need to find out if it is exempted from this basic provision of…
Based on the emails I’ve been getting, a lot of you are thinking seriously about retiring this year. The reason is obvious. With frozen pay increases and negative attitudes in the press, on TV and even on the Hill, now may seem like the time to jump ship. If you are one of those who think the time has come to leave, you’ll want to know which is the best day to retire. The right date for you is the one on which you are 1) eligible to retire, 2) set financially and 3) emotionally ready to go. In this…