Q. FERS employee. Will turn 66 in May. Have 22 years and plan on retiring May 31. Any advantage to delaying retirement?
Browsing: Creditable service: FERS
Q. My husband is 66 years old and retired last year with full Social Security benefits. My daughter is receiving Social Security benefits until she graduates from high school at age 18. I was told that had my salary not exceeded the maximum amount allowed, I would also receive some benefits until my daughter turns 18. I am 54 years old, a federal worker under FERS with 23 years of service. My office is going through a major reorganization. I understand that if I am offered an early retirement, I will have immediate annuities without the 5 percent reduction each…
Q. I retired from the Air Force Reserve with 20 years. I am a civil service employee with nine years of service, but four years of that service are from active-duty military service that I bought and paid in full. I will be eligible for military reserve retirement at 60. When I decide to retire at 63, will I be eligible to receive my civil service retirement and keep my military reserve retirement, or can I receive both?
Q. I have worked for the Defense Department since December 2008 under FERS. I was medically retired with 15 years and seven months of service from October 1984 to June 2000. I’ve bought back all of my service time. What should be changed with my service computation date? How does this affect my leave accrual time?
Q. I understand that they recompute your disability retirement at 62 years old. Does the amount one gets at 62 generally stay the same, go up or go down? What about cost-of-living adjustments under FERS? Do they recompute other agencies you also have worked before Postal Service time?
Q. I was active-duty Air Force for three years and eight months, then medically retired with a service-connected disability of 30 percent. I receive a monthly pension from the Air Force and also the Veterans Affairs Department. Now I am a FERS employee with 25 years of civil service. If I buy back my military time to have it credited toward my civil service time, will I lose by monthly Air Force retirement and VA pay?
Q. I am 57 years of age and served 25 years as a FERS law enforcement officer. Two years ago, I transferred from that position to another agency (unbroken service) and serve in a non-LEO FERS position. I continue to contribute 1.3 percent to FERS while my agency contributes its required LEO percentage. The agency suggests I should be paying only 0.8 percent. Upon leaving federal service, how will my retirement be calculated in terms of percentages and high-3 years? Will the calculation change as well as any other factors if I contribute at the lower percentage as the agency…
Q. I have left the government with 12 years of service and bought military time of 10 years. I am now 59 years of age. I am under FERS. Can I apply for retirement this year (I’ll be 60) to receive retirement pay without penalty? I don’t want to have pension reduced or penalized under 62. I was also in the Navy Reserve and got activated for almost a year. I heard that my retirement age would be reduced 90 days. Does that mean my retirement starts three months before my birthday? My birth month is September. What month can I apply?
Q. I am 55 and under FERS. My minimum retirement age is 56, and I will be eligible for retirement June 22. About the penalty of 5 percent for each year under 62: Since I am six years from age 62, does this mean my annuity will be reduced 30 percent from day one of retirement? Or does it mean it will be reduced 5 percent annually for each of the years between 56 and 62?
Q. I retired in March 2012. I got a Voluntary Separation Incentive Payment paid to me after I retired. I started my Social Security at that time. I have recently gotten several confusing letters from the Social Security Administration saying I owe them different sums of money for overpayment due to having too much income. They are including my buyout gross payment as regular income. Is there some official source you can give me to pass onto them that my $25,000 should not be considered in my earnings putting me over the limit for receiving benefits following my retirement. I…