Q. I’m 50 years old, under FERS and have 32 years of service. I plan to retire at 56 with 37 years with the U.S. Postal Service. Will I be eligible to receive a supplement from OPM until I reach full retirement age? Is there money through USPS that I would receive?
Browsing: Creditable service: FERS
Did you work under either Civil Service Retirement System or Federal Employees Retirement System, leave government, withdraw your retirement contributions, and then come back to work for the government? If you did, when you retire your annuity will be reduced unless you redeposit that money, plus accrued interest. Should you make that redeposit or not? I’ll help you find the answer that fits your situation by explaining who is eligible for an actuarial reduction and how to find out whether that reduction is a better deal than making a redeposit. First, let me spell out the redeposit rules. CSRS and…
If you have spent time in the military, you may be entitled to credit for that time in the computation of your Civil Service Retirement System or Federal Employee Retirement System annuity. To be eligible, you must have done one of the following: Served on active duty in the armed forces, which are defined as the Army, Navy, Air Force, Marine Corps or Coast Guard and, after June 30, 1960, in the Commissioned Corps of the Public Health Service or, after June 30, 1961, in the Commissioned Corps of the National Oceanographic and Atmospheric Administration; Served as a cadet in…
Q. I am currently overseas on an extended family vacation. I’ll be turning 62 years old at the end of this month. I left the federal service as a law enforcement officer in 2012 with 6 ½ years of creditable service. I did not receive a refund of my retirement contributions when I quit from my federal job. Can you give me an approximate annuity based on my service? What do I have to do to apply for it?
Q. I retired under FERS in 2009 after 15 years of service (MRA). I received a buy out under VSIP. I am 66 years old and have been collecting Social Security since 62. Can I apply for a federal position with the Department of Veterans Affairs or the Defense Department?
Q. I am a FERS employee and had nine years of active-duty military time and 11 years of reserve before becoming a federal employee. I bought this active-duty time back. Now I have 16 years as a federal employee and the nine years of military time. My understanding is that under FERS, the military time is creditable service up front (I have 25 years of creditable service for retirement purposes). Is this correct? At 60 years old, I’m receiving military retirement. Do I need to waive my military retirement in order to receive FERS retirement or have two separate retirements?
Q. I am 57 years old. I plan to retire from the U.S. Postal Service on April 1, 2016, with 29 years and eight months under my belt, plus three years of military buy back, equaling 32 years and eight months of creditable service. Will I have to do the full 30 years under FERS to get the special retirement supplement?