Q. I am a federal employee, 61 years old, and my question is when I retire will my annuity be based on basic salary, locality pay, or both? I want to retire soon with 20 years of service.
Author Reg Jones
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 have 14 years in the military and have worked 11 years for the U.S. Postal Service. I want to do a total of 25 years. I will be age 49. Can I retire at this age?
Q. I understand that my FERS annuity doesn’t receive COLA increases until age 62. When I do turn 62 does my annuity only increase with subsequent COLA increases or is there a “catch-up” adjustment as well?
Q. When I retire under the FERS, do I get two retirements – one for the FERS and one for TSP? How do I compute my FERS retirement?
Q. If you retire in a medical status due to being retired at 100 percent military nonworkable status, how much do you pay for your health insurance with the FEHB?
Q. Where does it say that there is a two-year time limit on electing a survivor annuity for a new spouse acquired after retirement?
Q. An employee began work in the United States Postal Service in December 1990. If removed for misconduct, can this employee retire now (March 2018) and still collect FERS retirement including Special Retirement Supplement? While appealing the removal with MSPB?
Q. I am facing having to retire under a medical retirement. Effective this May I will only have a total of 9 years government service under FERS and I am only 52 years old and not eligible for regular retirement yet. What is the difference between a disability retirement and medical retirement and what would my annuity payment be based on? I was told I would receive 80 percent of my high-3. Is this correct?
Q. I resigned January 2017 after 30 years federal service (age 51). I am now struggling to make ends meet and am seriously thinking about retirement. Please help me to understand the pros and cons if I take this step.
Q. My husband retired in December 2016. He has been receiving his FERS non-disability annuity plus the special annuity until he turns 62, which was a few days ago. He was also just approved for Social Security Disability Insurance and will receive a lump sum for all of 2017. Will this lump sum affect the special annuity he already received, since it does have an earnings limit? In other words, will he have to pay it back?