Browsing: annuity

Q. This is my last year receiving Supplemental Social Security (retired from the U.S. Postal Service as FERS in April 2016). I was born in the middle of the month of January. Will this supplement end in December of this year or will it include January 2018 – the month I turn 62 – and stop in February?

Q. I worked in Saudi Arabia as an Army civil servant from 2012-2016. I now work in the U.S. at Marine Corps Base Camp Pendleton where I receive locality pay. If I work here for two years, how is my retirement pay under FERS (42 years of service) computed? What if I spend one year overseas (no locality pay) and two years stateside (with locality pay) — do I get the average of the three years?

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?

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