Q. I’m a 62-year-old FERS retiree who is receiving a Social Security benefit. I’m thinking about taking a job in the private sector. How will that affect my Social Security benefit? A. If you are under full retirement age, your Social Security benefit will be reduced by $1 for every $2 in earnings that exceed the annual earnings limit, which is $17,640 in 2019. In the year when you reach your full retirement age, your benefit will be reduce by $1 for every $3 you earn over a different limit, which is $46,920 in 2019. Beginning in the month you…
Q. I’m receiving my husband’s Cvil Service monthly annuity, which he elected me to receive. He only had 25 quarters of private-sector work. During his federal service, he did not pay into Social Security. Will I be able to collect his federal annuity and my full Social Security because it was my own work, or will my Social Security be reduced?
Q. I was approved for FERS Disability Retirement in June 2016 and have been receiving my disability annuity ever since. What happens to my federal health benefit plan and dental plan when I turn age 62? Do the medical and dental convert to Medicare or does the coverage remain the same? If the plan remains the same, do the premiums change annually?
Q. I did 10 years active duty and just started a job as a GS position and applied to buy back my military time. I was thinking if I bought back the time, I’d only have to work 10 more as a civilian to get to the 20-year mark. My supervisor told me it doesn’t work that way and that buying back my military time was only to get more money in my annuity when I retire. So now I have to do 20 years as a civilian?
Q. I was terminated from the U.S. Postal Service under FERS after 20 years of employment at the age of 45 (birth year 1965). At what age am I eligible to receive my pension benefits? Also, how do I calculate how much I will receive?
Q. I have a physical problem that may be classified as a disability. I’m 57 with 37 years of federal service, mostly with the U.S. Postal Service except for four years military. Are there any advantages in USPS disability for me, as I have passed my MRA?
Q. Hi, I have just retired under FERS after 34.5 years at the U.S. Postal Service. I understand that Social Security will penalize me if I earn more than $17,640 per year. I know they take $1 for every $3 that I earn over that amount. Do I just lose that money?