Q. I’m retiring soon at the mandatory age for firefighters at 57 years old after 30 years of service. I understand the Social Security Administration supplement will be paid out until age 62. Can the supplement continue past 62 if I choose to wait to elect collecting Social Security until age 67, the full-retirement age? I’m staying at the fire department until the last possible day before the mandatory age requirement kicks in, but I’m concerned of a potential five-year gap and/or not receiving the supplement between ages 62-67. If the supplement stops entirely at 62, then I’d feel a bit…
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. If I resign from the government, am I required to leave my money in the retirement fund to be eligible for a deferred annuity at age 60 (to avoid the age reduction)? I want to transfer my retirement fund to my own securities personal bank. To be eligible for an early out, do you have to be at your minimum retirement age?
Q. Although I’m a FERS disability retiree, I have applied for a full-time job under NAF. Can I do this legally? I am willing to not receive my disability pay, as little as it is, and my doctor said I can work with no problems.
Q. Social Security will go up 2.2 percent in 2018. Does the FERS supplemental Social Security payment increase the same (or at all), when regular Social Security payments are increased?
Q. I’m a retired federal law enforcement officer. If l’m rehired for a federal job in the government, will I lose some or all of my retirement annuity?
Q. I’m old enough to retire, but I’m two months short of the years of service requirement. Can I just make a deposit for that time and retire now?
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?
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 am a FERS employee and 64 years old, with more than 33 years of federal service. Does my Jan. 26, 1984, service computation date matter if I choose to retire on Jan 20, 2018?