Q. I am currently 43 years of age and I am a DoD firefighter with 20 years and 2 months of service under the FERS special retirement. I plan to move to another FERS position that is not covered under the FERS special retirement. I want to work in this position until I reach age 50. Since I have 20 years of service in the special retirement, could I still retire under special retirement once I reach age 50 even though I won’t be in a FERS special retirement position when I turn 50?
Browsing: Creditable service: FERS
Q. I have 27 years in the Postal Service; my age is 56, and I am looking to retire soon. Am I eligible to retire with my full annuity? If not, how much would I be eligible for? Would I be eligible for early-out retirement if offered?
In my last two columns I described the kinds of active duty service in the armed forces that are potentially creditable in your CSRS or FERS annuity, and what you have to do to get that credit. This time I’ll quickly go over the rules governing the computation of CSRS and FERS annuities for most federal employees. That way you’ll be able to see what the difference would be between a pure civilian annuity and one that includes credit for active duty service for which you’ve made a deposit. Eligibility rules Under CSRS, you can retire immediately if you are…
Q. I plan on retiring Dec.1, 2014, with 35 years of service under FERS. I reach my minimum retirement age on Dec.23, 2014. Will I be penalized in any way by leaving service 22 days before my MRA?
Q. I am a retired federal law enforcement officer receiving a FERS supplement. I turned 62 on March 17, which means my FERS supplement should end. However, when I looked on the OPM website, I saw where the supplement will be included in my April pay. Do I have to initiate action to stop the supplement, or will it be done automatically ? A. You don’t have to do anything. The special retirement supplement ends on the last day of the month in which a retiree turns age 62. Because annuity payments are made retroactively, your April payment was for…
Q. I am a carrier with the USPS and recently paid back 14 years of active-duty military service toward my FERS retirement. I will be eligible for a Guard/reservist retirement at age 60. If I retire at age 62 from FERS and am applying the 14 years I bought back toward my annuity computation at that time, does it mean I have to waive my military retirement I will have been receiving since age 60? If so, to get two retirements I would only be using my Postal Service time for computation. Did I waste my time buying back the…
Q. I am 65 and have been working for federal government (FERS system) since June 7, 2010. I also bought back three years of military service during the first four months I was working for federal government. I have a service comp date of 6/14/2007. I want to retire, but when I called the Army Benefits Center, they said that I needed five years of creditable civilian service and that the three years I bought back did not go toward the five-year creditable civilian service. The Office of Personnel Management and other areas state that Military buyback time goes toward…
Q. I am 67 years old and still working Civil Service with the Air Force. I was not planning on retiring anytime soon, but I fell at work, completely tore up my shoulder and will have to undergo reverse total shoulder replacement. I have been told this is a “career ender” and that I will be medically retired. I have been paying into FERS for 30+ years. I am drawing an allotment from the VA for Agent Orange diabetes mellitus. How do medical retirement and FERS and VA allotment work together?
Q. I switched from CSRS to FERS with about 10 years in CSRS and 25.5 yrs in FERS. When my service in CSRS is calculated, my total service, including 918 hours of frozen sick leave, equals 10 years 2 months and 17 days. Is there any way to apply the 17 days to either credit service in CSRS or even FERS (17 days in CSRS is worth more than 34 days in FERS) or do I just lose the 17 days?
Q. I am a civilian FERS employee who received a work related injury. Right now, I’m in the process of buying back my active military service (four years). My injury is one that may eventually put me out on FERS medical retirement. Can I collect federal medical retirement and VA disability? Would it be beneficial for me to stop my military buyback?