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?
Browsing: Creditable service: FERS
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?
Q. I retired from the Federal Aviation Administration in January 2013 (after 33½ years) and began receiving my CSRS annuity. I am considering returning to the FAA in an executive level position. How will my annuity payments be impacted, if at all? Will I pay into Social Security or FERS?
Q. I’ve heard that the amount of government contributions to an employee’s retirement account is irrelevant. Why? How is the annuity calculated? Would I not receive a lump-sum payment (FERS refund) equal to the amount I contributed to the retirement fund?
Q. I am a FERS employee with 30 years of service. If I retired at age 68, will my Social Security benefits be affected by the amount of my annuity and the fact that I bought back my time in the military of three years?
Q. I am FERS retiree with BCBS family insurance. I am 68 years old. At 65 I took only Part A Medicare. My wife will be 65 this year. Should she take Part A Medicare as well because she is covered on my BCBS policy anyway?
Q. I am 52 years old with 27 years of FERS employment. I bought a house in Florida about a year ago I have been unsuccessful in getting a transfer to my agency office in Florida. I am so frustrated I am ready to walk away from my job. Is there any way I can get a decent retirement check now?
Here it is, mid-September. And those of you who have the right amount of age and service are asking, “What’s the best date to retire?” While there is no single best date to retire – sorry about that! – some dates are better than others. Let me explain. Time of Month The time of month that’s best to retire is different for CSRS and FERS. If you are a FERS employee, you have to retire no later than the last day of a month if you want to be on the annuity roll in the following month, If you…
Q. I am under the FERS retirement system. I plan to retire in December of 2015 with an effective date of Dec. 31, 2015. Would this be a good retirement date, or do I need to wait until Jan. 1, 2016?