Q. I’m planning to retire next year under FERS with 30 years of service and I’m eligible for the special retirement supplement. Please explain where the Social Security application process fits — i.e., at what point do I apply to Social Security? Concurrently with FERS? Must I wait for both applications to be approved before I’m considered officially retired?
Browsing: Creditable service: FERS
Q. At age 60, I will be eligible for FERS and Air Guard retirement. I bought back two years and four months of active Air Force time. Will I receive my full Air Guard retirement, which includes those active-duty points? Or, since I bought those points back, will they be deducted from my Air Guard retirement? Also, at 62, when I am eligible for Social Security, will I draw full FERS, full Air Guard and full Social Security?
Whoopee! You just got a 1 percent pay raise, the first increase in several years. It may not sound like much, but in the long run it will pay off. That’s because once you meet the age and service requirement to retire, it’s your length of service and high-3 that will determine what your annuity will be. Your high-3 is an average of your highest rates of basic pay over any three consecutive years of creditable civilian service, with each pay rate weighted by the length of time it was received. That three-year period starts and ends on the dates…
Q. I just retired from federal service with 23 years plus four years military bought back. I am starting a job with the Teachers Retirement System of Texas, in which I do not pay into Social Security. How will this affect my Social Security benefits later, when I start to take them? Let me ask two examples: 1. I am 51 now. If I choose to work for TRS for 12 years, retire and take a partial retirement from TRS (vested after five years) along with my FERS retirement, and then want to start taking Social Security payments at, say,…
Q. I’m early into my Defense Department employment, and my position is permanent. Due to various medical conditions, it is highly unlikely I shall survive to retirement age. Is it possible to get a medical exemption from FERS, so that I would actually be able to spend that money?
Q. I have a service computation date of March 1987. I would like to retire within the year. I am 54 years old (June 1959 birth date). Will I be able to retire before the minimum retirement age of 56 and receive my monthly annuity payment as a FERS employee? How do I do that? Is there a way to change my MRA?
Q. I am retired military with 20+ years of active-duty service serving in a full-time competitive service position under FERS. Eleven months of my military time is counted as “creditable military service” since it was served in a qualifying campaign. My service computation date for leave was adjusted by 11 months for the creditable time. Should my SCD for reduction in force also be adjusted based on this time?
Q. I served as an active-duty National Guard member from 1986 to 1990 and resigned. I received a DD Form 214 for honorable discharge. Am I eligible for federal government retirement service credit for the active-duty military service after I make a deposit for that time?
Q. I retired under a Voluntary Early Retirement Authority in January 2009. I was also approved for Social Security disability in 2008. I’ve had 22 years under FERS, and I’m now 58. Should I have been receiving the special retirement supplement since I never applied for FERS disability?
Q. I got a letter from the National Association of Retiring Federal Employees stating, “Federal agencies are now re-employing federal retirees on a limited part-time basis without an offset to their annuity.” Can you explain this a little further? How would I find and apply for one of these positions?