Q. I’m a federal worker about to retire from my job after 34 years. I’m 59 years old and under CSRS. Is there a limit as to how much I can earn without being penalized if I seek non-federal government employment after retirement?
Q. My sister’s husband passed away in December last year, and she received his CSRS benefits at 55 percent. She was told she is not entitled to any pay raises sense he retired, which was in 1996. But if she is entitled, who would she contact?
Q. I have been working full time for the Department of Veterans Affairs (term employee in research) for nine years and four months. We may have to move out of state for my husband’s job. Is there any benefit to delaying the move to reach 10 years of service? I was also in the Army Reserve for six years, but never active duty.
The countdown to the end of the year is on. Some federal employees considering retirement may be eligible for either a postponed or deferred annuity. Postponed annuity A postponed annuity is an option for FERS employees who have reached their minimum retirement age and have at least 10 years of creditable service. However, if you retire under the MRA + 10 provision, there’s a hefty financial penalty. If you have fewer than 20 years of service, that penalty is 5 percent for every year (5/12 of 1 percent per month) that you are under age 62. If you have at…
Q. I am a civil service retiree and never paid into Social Security. But my wife worked and did pay into Social Security. She is now collecting her benefits and started at age 62. Will I be able to collect any money from my wife’s benefits at age 66?
Q. My mom just passed on. She was receiving a disability annuity. When we checked with OPM, we were shocked to find out they had taken all of her retirement contributions and used it for her disability payments. Is this really what happened? A. In all likelihood, yes. Annuity payments to retirees — whether regular or disability — initially come from the contributions employees made to the retirement system while they were working. Only when that money runs out does the government begin making those payments out of the retirement fund. A retiree who worked full time for an entire…
Q. If I buy back my military time, will it count, and is it calculated under my FERS covered service? Will it be included in my FERS supplement check? I’m a postal employee that started in 1986. I was in the military from 1981-1985.