Q. After 40 years and 11 months of federal service, you are maxed out at 80 percent. Any CSRS held from your check after that is paid plus 3 percent interest, and the only money taxed is the interest, correct? If you take payment in a lump sum, is it usually paid as fast as the annual leave payment?
Browsing: Annual leave
Q. I have been hearing impaired all my life. My audiograms (hearing tests) throughout the years have shown a progressive decrease in my hearing. My recent last audiogram showed that my hearing is so bad I automatically meet the qualifications for Social Security Disability Insurance. I have worked in a federal prison for nine years and have feared for my safety for quite a while, but am the sole bread winner of my family and need the money to survive. As a requirement for FERS disability retirement, I’m supposed to apply for SSDI also. On one hand, I automatically qualify,…
Q. I have received my final annuity estimate from human resources and am awaiting my final retirement date, with the Office of Personnel Management receiving all my records for a final computation. Human resources has deducted me for a nonredeposit from 1966 to 1969, for which I did terminate government service in 1969 (1966-1969). I then came back and re-employed from 1983 to the present. It’s been over 40 years, and I don’t recall filling out CSRS SF 2802 for a refund of my contribution for those three years. My notification of personnel action (SF-50) had a notation that OPM…
Q. Federal worker was separated from service Nov. 30 pursuant to Office of Personnel Management disability determination. Worker is completely disabled. The worker’s pay for 2013 exceeds the Social Security limit. Agency fails to pay accrued leave promptly. Leave is paid in 2014. Would Social Security be deducted?
Q. I worked for the federal government as a civil servant from 1984 to 1989, when I resigned as a GS-13 to take a private-sector job. I am now considering a return to government service at the same grade/level as when I left. 1. Will the five years I worked previously be credited toward my retirement (anticipated in 2018) for a total of 10 years of service? I was under FERS for my previous five-year employment. 2. Will my vacation be reinstated at the same rate (hours per pay period) as when I left federal service? I believe I was…
Q. I’m in CSRS. My service computation date is July 31, 1978, and I maintain the maximum of 240 hours of annual leave. I also have 3,702.4 hours of sick leave. Since annual leave is projected forward, is the first pay period of the new leave the best time to retire to receive a lump-sum payment for 448 hours of unused leave? However, I don’t know how this will affect my sick leave. Is there a formula or software that can determine the best year and date to retire to maximize lump-sum payment for unused annual leave and sick leave?
Q. I am a retired civil servant with Defense Department. I served for more than 28 years. I retired in June 2012 under FERS with a Voluntary Separation Incentive Pay. I am considering re-employment with DoD. 1. Will I be given credit for my 28 years of service? 2. Will I be able to contribute to FERS and the Thrift Savings Plan again? 3. Will I receive eight hours of annual leave again? 4. Will I be protected from a reduction in force because I am receiving an annuity? 5. Is it best to cancel my annuity if I return…
Q. I am a federal employee contemplating retirement. I am a CSRS employee with 39½ years of service. My understanding is that, if I retire at the end of the year, I can accumulate up to 448 hours of annual leave and be paid for it. Is that correct? A good friend of mine works for the Treasury Department (Senior Executive Service employee) and he recently told me that he can accumulate up to 770+ hours of annual leave and be paid for that also. If that’s true, why can the SES folks accumulate so many unused hours of annual…
Q. I was off work for several months because for surgery on my arm. When I came back to work, I was put in the same job that I had. The problem is, I work in a shop and, because of my limits, I am unable to do my job. My unit has no other jobs that are open for me to do, so I told them I would take a discontinued service retirement. This started several months ago because they are going for a Voluntary Early Retirement Authority. The problem I see is that I was never offered another…
Q. How is the annual leave lump-sum check calculated at retirement?