Author Reg Jones

Reg Jones was head of retirement and insurance policy at the Office of Personnel Management. Email your retirement-related questions to fedexperts@federaltimes.com.

Q. I am a GERS employee with the U.S. Postal Service. I have 18 years of service and will reach my minimum retirement age next year. Would it make sense to retire and take the annuity, or postpone it until I’m 60 or 62? I can be covered under my husband’s insurance.

Q. I left federal employment after 20 years of service under the CSRS retirement system at age 45 with about 1,600 hours of sick leave on record. I will be applying for deferred pension at age 62. Is the sick leave balance considered in the retirement calculation? It is my understanding that it is not because I left service early.

Q. I am retiring under discontinued service at 54 years old. I will get my FERS annuity, and when I reach my minimum retirement age, the special retirement supplement. I want to work part time. What is the max amount that I can earn? What will be the difference in loss of benefits between a federal job and a nonfederal job?

Q. There has been talk that the FERS supplemental is going to be done away with. Will it be replaced with another supplemental? What was the purpose of the supplemental in the first place? The cost of living has not gone down — it continues to go up each year. FERS employees will need some to bridge the gap before they can draw Social Security.

Q. I am in civil service with 40 years and 9 months, including two years in the military for which I’ve made a deposit. I also have one year and four months of unused sick leave. Do I qualify for the maximum 80 percent annuity? I now have allotments taken out of my pay stubs. When I retire, will they remain the same? I hope so because I don’t want them to change. If I get a full-time job in the private sector, will that affect my annuity? I’m eligible for Social Security. I’ve heard that if you work for only 180 days…

Q. I will have 30 years of service in October 2018, but I will only be 55 years old as of Aug. 29, 2018. I am so ready to retire — with the stress of the U.S. Postal Service and my family stresses, I cant endure another year of service. Can I retire in October 2018?

Q. I recently paid off my military buyback. Am I supposed to receive some type of form? Will it be reflected on my SF-50 or Leave and Earnings Statement? I currently work for the Department of Veterans Affairs.

Q. I am in my 11th year of federal service under FERS with the Department of Veterans Affairs. I plan to take a break from federal service and accept a private sector job for at least two years; but I eventually plan to return to federal employment in the future. 1. Can I leave my TSP account unchanged for the interim, or will I have to roll it over elsewhere? 2. Once I return to a federal job, will I have to have at least five continuous years yet again to be eligible to continue my FEHB coverage when I retire? 3.…

President Trump said: “We are proposing a budget that will shrink the bloated federal bureaucracy — and I mean bloated — while protecting our national security.” If the new administration carries through on his promise, there will be widespread staff reductions. However, some agencies will increase, sometimes substantially. So, if you left government through retirement or resignation, you may want to consider returning to the public sector.

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