Q. I will be eligible to retire Aug. 3, 2016 (55 years old, 37 years of service – CSRS). I work in D.C., and the cost of living is added to my salary. Do I use this figure or the figure before the cost-of-living allowance to calculate my high-3 salary?
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Q. I am receiving workers’ compensation benefits through the Postal Service. I am considering the switch from OWCP to OPM (FERS). My concern is that I have been on OWCP since 1997 and am worried that all my cost-of-living adjustments would somehow not roll over and be figured into the Office of Personnel Management payments. Is there a way to get an accurate calculation of what my current benefits with OPM would be so that I can make an informed decision rather than trying to guess-timate? I called OPM and they told me they thought that the payments would be…
Q. I retired with federal disability in 2002. I had 18 years of FERS service. I was denied for Social Security disability. When my benefit is recomputed at age 62, will the new amount be greater or lesser?
Q. I have my minimum retirement age and 30 years of service. If I retire now (buyout), will my retirement check be recalculated when I turn 62 (1.1 percent vs. 1.0 (high-3 years) x years of service = retirement check)?
Q. I will turn age 62 on Aug. 29. I have 4½ years on my FERS disability with 24½ years of service. Will FERS automatically recompute this, or do I have to notify them of my pending birthday? Also, since my birthday is on the 29th day of the month, I read that FERS would retire me out not on my birthday but on the day before I turn age 62, which would be Aug. 28? I know how to figure all of this according to my high-3 year earnings. However, the part that I cannot compute on my own…
Q. Checking to see if you have any information when the cost-of-living adjustment for Hawaii will be completely converted to locality pay.
Q. I am 47 years old with 25 years and two months of service time under FERS. If I accept Voluntary Early Retirement Authority, my understanding is that my monthly annuity will not be eligible for cost-of-living adjustments. Is that correct? Also, once I reach age 56 and four months, the special retirement supplement would then be added until I’m age 62. Is that correct? After age 56 and four months, would COLAs then be applied to the annuity? Finally, if I’m working in the private sector earning a salary above the current $14,000 Social Security limit for earnings, would…
Q. I am a 60-year-old CSRS employee with 31½ years of service. What is the last day I could retire in 2013 and still qualify for a partial cost-of-living adjustment if there is one in 2014?
Q. I am a 60-year-old FERS employee with 19 years and four months of service. I have 2,000 sick leave hours, which I know at Jan. 1, 2014, will get full credit. I have an opportunity to work in the private sector now with increased pay. Which is better: to retire now and receive my pension (although at a reduced rate) and maintain my enrollment in Federal Employees Health Benefits or to defer my annuity to age 62 and then re-enroll in FEHB?
Q. OPM states repeatedly *_When you reach age 62, your annuity will be recomputed using an amount that essentially represents the annuity you would have received if you had continued working until the day before your 62nd birthday and then retired under FERS._* So here is the case. Employee is 59. Last three years of salary are $60K, $59K, $58K, so a high-3 of $59K. If the employee had worked to age 62, she would have a high-3 of $60K not $59K incremented by nonexistent cost-of-living adjustment. So which is it? Does your high-3 get recalculated to *_represents the annuity…