Q. I will have 40 years and six months in December and really need to retire. Human Resources states I have to work 41 years and 11 months to receive full retirement. Is this true? I just don’t think I can make it that far.
Browsing: Creditable service: CSRS
One of the most valuable benefits offered to federal employees is the opportunity to enroll in the Federal Employees Health Benefits Program. I thought it would be a good idea to spell out the conditions that need to be met to carry FEHBP coverage into retirement. If you are eligible to retire on an immediate annuity, you can keep your health benefits coverage if you are currently enrolled in FEHBP and have been continuously covered for at least five years. Note: You are considered continuously covered even if you were enrolled in the program when you left government and re-enrolled…
Q. I have 37 years of service under CSRS. I want to retire before the end of the year. I have 38 hours of restored leave and over 300 hours of annual. Will I be paid for my restored leave, or will I lose it if not used?
Q. Some employees who were hired into the federal service in 1984 were forced to select FERS. How can this be correct when the law was not official (signed) until a year or so later? Could they have selected the old retirement system (CSRS) rather than be forced into FERS?
Q. Under CSRS, will I be eligible for immediate annuity payments (within 30 days) if I retire at 53 years old with 34 years of service? Also, I believe that the base for a CSRS employee who is 55 and has 30 years is 56 percent of the ultimate salary figured used. Every year of service above 30 equals another 2 percentage points and every year under 55 equals a subtraction of 2 percentage points. So retiring at 53 with 34 years of service would mean 60 percent, correct?
Q. I will have 36 years, seven months and 18 days of CSRS creditable service when I retire on Jan. 3, 2014. At that time, I will have earned one year, seven months and 19 days of unused sick leave credit. This gives me 38 years, three months, and seven days if total CSRS service credit for computing my annuity. If I understand the Federal Retirement Benefits statement my personnel section provided me, the seven days are dropped and not considered in the calculations. The report has a footnote for the seven days that states, “7 days of unused CSRS…
Q. I am 60 years old and will have 40 years of uninterrupted CSRS service in August. In July 2015, I will attain the number of years for a maximum percentage annuity. My agency is considering Voluntary Early Retirement Authority and/or Voluntary Separation Incentive Pay for a number of positions. Is there any basis for offering an employee in my situation credit for the remaining years to attain the maximum percentage annuity early with a voluntary retirement/separation?
Q. I retired in 2004 under CSRS as a law enforcement officer. I am being rehired now. Do I go back to CSRS or do I have to be placed in CSRS Offset?
Q. Initially, I was a temporary federal employee (1/3/88-6/17/90; two years, five months) who then became permanent. I bought back time toward retirement from 1/3/88 to 12/31/88. My understanding was, due to laws changing my temporary employment status, the period from 1/1/89 to 6/17/90 could not be bought back for creditable service. Is that still the case? My year and five months after 1/1/89 was lost toward retirement service years.
Q. I was hired by the federal government on Oct. 1, 1983, and left the federal government in December 1997, all under CSRS. Upon separating from the federal government in 1997, I withdrew my contribution to the CSRS. I am being reinstated to the federal system in August, and want to know which retirement system (CSRS or FERS) that I will be covered under, and am I required to redeposit the money I withdrew (plus interest)?