Browsing: Creditable service: FERS

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. Can you discuss the Special Retirement Supplement as it applies to a federal retiree between the ages of 56 (MRA) and 62, and dependent children under the age of 16 years and two months during that period? Is it true that the computation may be increased to 1.5 percent of the amount one would receive without dependent children, for example, the standard calculation?

Q. I understand that the Federal Erroneous Retirement Coverage Corrections Act addresses situations like mine, where I started federal service in 1980, took a break in service from 1983 to 1986 to attend grad school, then returned to federal service in 1986. When I returned, I asked if I could re-establish CSRS. I was told I could not and that I had to go on FERS. Was I eligible for CSRS offset, even though I only had 3 years of CSRS prior to December 1987?

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