Q. I have been receiving a FERS disability retirement annuity since November 2007. I am 60 years old. What will happen when I am 62 years old? Will I be able to draw my retirement without a penalty?
Browsing: Creditable service: FERS
Q. FERS discontinued service retirement with 29 years and nine months. After five months of trying to reach the Office of Personnel Management, I was told I’m not entitled to the special retirement supplement due to less than 30 years. I am 56 years old. All paperwork received prior to retirement indicated that I was entitled to it.
Q. I just received my 30-year pin for government service time worked as a FERS employee. I’ve been considering relocating to Florida and can’t find a government job. If I took a job at a town hall in Florida, would I be able to resign from my current government job and have them keep all my retirement and Thrift Savings Plan on ice until I would have been eligible to retire at age 56 without penalty? If so, would I also be eligible at age 56 for the special retirement supplement, even if I were working for the town, or…
Q. I separated from active duty after 11 years and began federal civilian service. I paid $19,000 to “buy back” my military time, and I am approaching 20 years of combined service. I now have an opportunity to return to active-duty status. If I complete nine more years of active service and qualify for an active-duty retirement, what happens to my “buyback” years? I assume they won’t count toward my FERS retirement anymore, but will I get a refund?
Q. I received an “early-out/buyout” in 2006 with 22½ years of service prior to my minimum retirement age. I was age 46 at the time. Will I be eligible to receive any FERS annuity once I reach my minimum retirement age?
Q. I am planning to retire at the end of pay period 26, which is Jan. 10, 2015. I will have 13 years, 11 months and 20 days of service. I will be 10 days short of 14 years of service. If I have 80 hours of unused sick leave, will that cover the 10 days to get 14 years of service?
Q. Would I be penalized if I am a FERS employee, 49 years old with 26 years of government service. I just got a GS-11 job, so I do not have a high-3 at that level. My high-3 is at the GS-7. My job is offering the Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. Can I go out with no penalties?
Q. When I was hired into civil service on May 8, 1989, human resources calculated my service computation date as Aug. 6, 1971, based upon some military time. (I was in the Air Force, serving from Dec. 3, 1969, until Sept. 4, 1987, receiving an honorable discharge.) Now that I am approaching FERS retirement, I need to accurately calculate an accurate service time. My current salary (high-3) is approximately $89,450. I know that FERS retirement benefits are only one part (of three) that I will be eligible for — the others being Social Security and the Thrift Savings Plan, but…
Q. I will be 70 years old in October 2015. I understand if I wait to collect Social Security benefits until that time, my monthly benefit will approximate $3,030. As of August 2010, I started working for the federal government as a GS-13. I plan on retiring under FERS in September 2015, at which time I will have completed 60 months of continuous civilian service. I understand that my monthly FERS annuity will approximate $500. Is there any offset to either Social Security or FERS monthly annuity benefits based on receiving both of these benefits simultaneously? Assuming continuation of excellent…
Q. I am 55 years old and plan on retiring when I turn 56 (minimum retirement age) with 30 years of service. I worked for 4½ years under CSRS and then had a break in service for almost three years. When I went back to work, I was put in the CSRS Offset and worked for another five years. I then had another break in service for two years before going back to work. At this point, I switched to FERS. Am I entitled to the special retirement supplement when I retire?