Browsing: annuity

Q. I am 54 years old and have been working for the U.S. Postal Service for 22 years as a city carrier. Am I eligible for retirement? What percentage of my pay will I be able to receive? A. No, you aren’t eligible to retire now. However, you could resign from the government and apply for a deferred annuity under the MRA+10 provision. If you did, your annuity would be reduced by 5 percent for every year (5/12 percent per month) you were under age 60. Your annuity would be based on your high-3 and years of service as a FERS employee when you left.…

Q. I have been a GS employee for eight years, plus I bought back four years on military. If I take a wage grade position for around four years, how would this affect my retirement?

Q. I have approximately 39 years of service/contributions to the CSRS pension plan, and high-3 is approximately $95,000. What is the approximate net worth of the plan? From articles I have read, calculating this can be difficult, as there are too many variables to consider. My retirement estimate given current deductions is $3650 per month.

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