Q. I will turn 66 in January and, based on my birth year (1948), I am eligible to draw Social Security at the full rate. If I choose to do so, am I still allowed to continue with my current civil service employment until I choose to retire?
Browsing: Benefits
Q. I am a FERS employee planning to retire in 20 months at age 60 with 28 years of service. I understand that I will be entitled to the special retirement supplement which is based on the amount of Social Security money I would be receiving at age 62 divided by 40 and then multiplied by 28. I also understand the supplement check will be coming from the Office of Personnel Management. Once I turn 62, would my Social Security check, now coming from Social Security, be the total amount I would be entitled to at age 62? Or would…
Q. If I retire at 56½ with 30 years of service and draw $4,000 a month from FERS, will it reduce my special retirement supplement or Social Security payment at age 62? In other words, since it is over the Social Security limit, does it count as income, or is it treated separately?
Q. My wife receives Social Security benefits under my contributions and from hers. She is not a federal retiree, but a retired teacher who had 20 calendar months uncovered, which was credited by the teachers’ pension as eight school months. The government pension offset was applied against her whole Social Security benefit. Does the GPO get applied in this manner, or should it be similar to the windfall elimination provision, which goes against only the portion of pension dependent upon the uncovered months?
Q. My spouse is eligible for CSRS survivor benefits. Upon my death, would her CSRS survivor benefit be affected in any way from Social Security benefits, and vice versa, that she will receive from her nonfederal employment?
Q. Can you draw both workers’ comp and Social Security disability? I am a FERS employee who was put on Office of Workers’ Compensation Programs rolls because no work is available to me due to my work restrictions. Is there a penalty during both? Is either one taxable? Or am I forced to drop workers’ comp? And how does this affect me with my Veterans Affairs Department disabilities?
Q. I am 73 years old and working with veterans benefits. My health and medical issues are forcing me to investigate potential retirement options. I have four years of civilian federal service under FERS and also have four years of military service. I draw nondisability Social Security. What retirement options do I have available?
Q. I have completed 24 years of federal service with a law enforcement provision (Bureau of Prisons), and two years of federal service prior to that with no special provision. Six months ago, I left the BOP and transferred to another agency, non-law enforcement. I believe that my annuity (FERS) will be calculated at 20 years law enforcement, the four years remaining BOP time as regular, and another two years whatever else I work in the new agency as regular. Since I am no longer in a law enforcement capacity, will my status change for the special retirement supplement? I’m…
Q. I am considering applying for a FERS disability retirement. I understand the percentages of pay and applying for Social Security disability if Social Security approves disability also. If you file for FERS disability retirement, you must at the same time file for Social Security disability benefits. If you do not, the Office of Personnel Management will not process your application. Based on this statement, is it true that OPM could approve, however Social Security may not approve, as they have different standards? What happens if Social Security does not approve. Will I continue to get the unreduced monthly annuity…
Q. I am an attorney for the government under FERS. I plan to retire in 2014 with 30 years of service at age 58. My high-3 is $150,000 a year. When I ran the numbers through the FERS calculator, it stated that my special retirement supplement would only be $108 a month. My only income will be my FERS annuity, and I plan to buy the Thrift Savings Plan annuity. Is this correct? I thought my SRS would be around $1,200 a month. My Social Security Administration statement states that age 62, my Social Security benefit will be approximately $1,800…