Q. I am 56, but only have six years of government service time. Even though I’ve worked for a U.S. government agency for 31 years, only my time with government service counts toward retirement. Would I be allowed to leave the government before my minimum retirement age and take a deferred annuity at age 62? If this is possible, would I be able to keep my medical coverage?
Author Reg Jones
Q. I elected to have my husband receive 25 percent of my basic annuity. If he dies before I do, what happens? Will my annuity be recalculated without a survivorship benefit, or does it stay the same?
Q. I retired with 30-plus years of federal government service. If I accepted a job with the U.S. Postal Service, will my retirement continue? I’m curious because the Postal Service branched off from the rest of the civil service agencies. A. Yes, your annuity would continue. However, the salary of your new position would be reduced by the amount of your annuity. While the U.S. Postal Service is an independent agency of the federal government, all its employees are covered by the same retirement system as other government agencies.
Q. I retired as a CSRS Offset employee in 1997 at age 50. Since federal retirement, I worked in the private sector paying Social Security on those wages. At age 62, OPM reduced my federal annuity by about 25 percent but hasn’t adjusted my annuity since, even though I’ve contributed near the maximum into Social Security during the eight years since. I see nothing indicating that the offset ratio is a one-time event. What recourse do I have?
Q. How would 1,134 hours of sick leave be applied to my CSRS retirement? Currently I have 46 years and 10 months of government service. I am 62 years old. Can sick leave be credited toward my high-3 percentage. For example, instead of 80 percent of my high-3, Will I be entitled to get 1 percent added to my retirement income?
Q. I just got my earning statement for my annual-leave payout. In the remarks section, I have a line that says OVR EARN LIMIT: $5,697.00. I was a GS-15/5 with LEAP and had an annual-leave balance of 432 hours on retirement (April 30). I typically received over-earning notifications on my pay statement, so am familiar with the why. But I was under the impression that the earning limits did not apply to annual leave that was paid out on retirement. Is that true, or are annual-leave payouts on retirement subject to the same over-earning restrictions as regular pay?
Q. I read this statement: “Eliminate the FERS annuity supplement for eligible employees retiring 2018 and beyond.” Does this refer to fiscal 2018, starting in October 2017; or calendar year 2018, starting in January 2018?