Browsing: Benefits

Q. I am applying for a part-time job with the U.S. Postal Service and am hoping it leads to full-time employment. I receive military retirement and disability. Will I lose any of this? At my age of 54, I doubt I will be able to put in 20 years with USPS but do want to stay busy. Will I be able to keep both my retired and disability pay?

Q. Nine years ago (in 2007) I voluntary resigned from the U.S. Postal Service after 21 years and six months of service. I’ve transferred my TSP to a regular IRA account. Am I entitled to any retirement/pension benefits? At what age can I start receiving the benefits? I am now 57 years old.

Q. My wife in the 1980s, for about two years, worked full time as a registered nurse at the VA in West Haven, Connecticut. My understanding is that she may be entitled to some sort of retirement-related benefit (albeit small) as a result of working there. She shared with me that some tax was deferred to another federal mechanism — for lack of a better term. Any thoughts on where to start looking?

What happens to your Federal Employees Health Benefits program coverage if you accept an early retirement offer? It all depends. The law originally stated that an employee had to be enrolled in the FEHB program for the five years of service immediately before retirement or from that employee’s first opportunity to enroll. Later Congress granted the Office of Personnel Management limited authority to waive the five-year requirement, and only where it would be against equity and good conscience not to do so. The requirement then was broadened so that OPM can pre-approve waivers for employees retiring under the Voluntary Separation…

As a result of all the early retirement offers and buyouts, a lot of employees leave government for what they hope will be greener pastures. Whatever their motivation, quite a few of them think about returning to work for the federal government. If you are one of them, a potential impediment to your coming back to work is this. If you received a buyout and return to work before the end of five years, with rare exception, the law requires that you repay the entire amount no later than the date on which you report for duty. If you didn’t…

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