Q. I retired under the FERS disability provisions 16 years ago. I want to find out what portion of my monthly retirement benefit represents the special retirement supplement portion. At the time of my retirement, I had 16 years of creditable service. I am receiving about $1,900 per month, and I believe my calculation at age 62 would be times 1.1 percent. I will not be eligible for Social Security until age 62 and one month. Will I lose the supplement for one month?
Browsing: Creditable service: FERS
Q. I am a 60 percent disabled veteran, so I earn a disability income. When I started work at the Postal Service, I bought my military time back so it would count toward retirement, so my service date is Sept. 1, 2001 (actually started in 2006). I am 46 years old now and I am looking to leave the USPS within three to four years. What options do I have for retirement? Could you explain deferred annuity and any other options available to me?
Q. I’m a letter carrier with 32 years of federal service under FERS. I have 2½ years to go before I meet my minimum retirement age. I’m considering disability retirement because my health has been keeping me from work. What will I lose or gain (pros and cons) between regular retirement and disability retirement. Which is stronger financially?
Q. I have tried numerous times to buy back or pay back for my military service so it can be used to civilian retirement. Each time I have been denied. What is the proper way to do this? How do I find out how much it will cost me each paycheck? And normally how long does it take? I was in the Army from August 1972 (months of delay entry) to December 1986. I am now employed by the government in civilian service position (GS). I understand the time presently is going to leave only, and not my retirement. I…
Q. I have a few years to go but have been looking at my retirement options. I started working for the Veterans Affairs Department in 1992, then joined the Army under the Military Employment/Reemployment Rights Act in 1995. I returned to VA in January 2000. At that time, I bought back my military time. Now I’m looking at my qualifications for the special retirement supplement. I can find numerous examples of people that were in the military prior to their federal job. It appears that the time can count for their FERS retirement, but not for the supplement. Since my…
Q. I’m a Defense Department employee who was initially hired part time under CSRS in 1979, but elected to switch to FERS. At that time, I’m not sure if I was refunded the money I put into CSRS. I’m showing eight years of frozen service (with no mention of CSRS Offset), Thrift Savings Plan eligibility date of July 11, 1993, TSP service computation date of Jan. 1, 1984, and TSP status date of July 11, 1993. The first entry I’m seeing in my FERS account is dated Feb. 1, 1988. Am I eligible for a CSRS retirement annuity for the…
Q. I am a 51-year old FERS employee with 28 years of service. Because of my declining health, I plan to resign and take a deferred retirement. With more than 20 years of service under FERS, I can begin receiving a deferred annuity at age 60. Can I receive a reduced annuity at age 56, my minimum retirement age? If so, will the reduction be 20 percent or 30 percent? In other words, will I be penalized 20 percent (5 percent per year for four years) between the ages of 56 and 60, or 30 percent for the six years…
Q. I am a dual status military technician, who will be 57½ years of age at my mandatory retirement date and have 23 years federal service under FERS. Due to the MRD of July 31, 2016, I will be involuntarily separated from my federal job, and not make 25 creditable years of service. Can I get a FERS retirement without a reduced annuity?
Q. If I need to leave employment with the federal government a couple of months before I have five years of service, can I use my sick leave to reach the five-year mark?
Q. I was recently awarded a 40 percent military disability retirement retroactively back to 2005. I am a federal employee who previously paid more than $8,000 to buy back my military service time toward FERS retirement. Now that I am a military retiree, I am not eligible to buyback my military time. My human resources point of contact said the military buyback cannot be refunded until separation or FERS retirement. Can I receive a refund of the $8,000 military deposit prior to my FERS retirement?