Q. I am a civil service employee that was involuntarily retired from the Department of Defense in 1997 due to base closure. I received a VSIP/VERA in the amount of $25,000. At the time I was 47 years old with 23 years plus four years of military time, which was credited toward retirement. Three months later I was hired by the U.S. Postal Service. I have been there for a little more than 19 years now. I am 66 years old now and am considering retirement this year. Will I be allowed to retire with the total years of service or just the 19 years? I am receiving an annuity right now from the DoD. There are rumors a buyout may be coming. Would I be eligible if it does come out? What are my options?
A. When you were hired by the U.S. Postal Service, the salary of your new position was reduced by the amount of your annuity. Because you have been reemployed for at least five years, when you retire, your annuity will be recomputed based on your total years of service and your current high-3, if it’s greater than the one you had when you left DoD. As to your second question, reemployed annuitants aren’t eligible for a buyout.