Browsing: annuity

Q. If you end up with 12½ months of sick leave, and 20 years and six-and-a-half months of service, would your retirement be based on 21 years, seven months, or would you lose the half month of sick leave and half month of service, and therefore use 21 years and six months to compute your retirement?

Q. I have two employees that do not want to leave their spouses a survivor annuity, without the spouse signing anything. One is CSRS and the other is FERS. The FERS employee has been separated for two years now and does not want to leave him anything, since she is not legally separated. But if she was legally separated, does she have to leave him anything?

Q. I am currently a federal employee and retired from the Army. I am receiving my military retirement (annuity). I recently paid a military deposit under FERS to position myself to waive my military retirement and add it to my federal time before I retire. I will also have approximately 45 years of combined service at the conclusion of my career. Am I eligible for CSRS or just FERS? The reason I now ask is because my new service computation date is now May 1982.

Q. I have 27 years of service and am currently employed with the federal government. I am 52 years old and was born in 1965. If I decide to leave before reaching 30 years of service and take a reduced annuity upon reaching my minimum retirement age, will the penalty be 20 percent in each of the four years before reaching 60, or will the penalty get reduced as I get closer to 60?

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