Q. I am confused about sick leave and how it is computed to determine your basic annuity. 1. Is it credit for time served, or does it convert to a monetary value added to your high-3? 2. What are the benefits associated with carrying sick leave into retirement? 3. Is it 100 percent creditable for all sick leave as of January 2014, or is there a way for them to differentiate what leave will receive 50 percent and what leave will receive 100 percent?
Browsing: Creditable service: FERS
Q. On May 21, you answered a question: “As a rule, FERS retirees don’t receive cost-of-living increases on their special retirement supplements, nor do they receive them on their annuities until they reach age 62. Note: Special category employees, such as law enforcement officers and firefighters, and disability retirees receive COLAs regardless of the age at which they retire.” My statement for Jan. 1, 2014, reflects a partial COLA (retired March 31, 2013) on the annuity but not on the SRS. Do special category employees such as law enforcement officers get COLAs on the SRS?
Q. I am a retired civil servant with Defense Department. I served for more than 28 years. I retired in June 2012 under FERS with a Voluntary Separation Incentive Pay. I am considering re-employment with DoD. 1. Will I be given credit for my 28 years of service? 2. Will I be able to contribute to FERS and the Thrift Savings Plan again? 3. Will I receive eight hours of annual leave again? 4. Will I be protected from a reduction in force because I am receiving an annuity? 5. Is it best to cancel my annuity if I return…
Q. The Postal Service is moving my job 83 miles away (out of the Office of Personnel Management’s “commuting area” definition). But USPS management is denying any claim for severance pay if anyone turns down these positions. Shouldn’t anyone at my installation who turns down these 1½-hour commuting jobs be entitled to severance pay? My particulars are: 45 years old with 15½ years of creditable FERS service.
Q. I have worked under a term appointment for more than 20 years. Will it be possible for me to qualify for Voluntary Early Retirement Authority once I have 25 years of service?
Q. I am under FERS. I am 65 years old with 26 years of federal civil service time. I am thinking of retiring sometime shortly after my 66th birthday in July 2014. Can you help me figure out what my monthly annuity amount would be?
Q. In the Dec. 2 article titled “Don’t let these 5 mistakes disrupt your plans,” in mistake number 4, you wrote “If you are covered by CSRS (or FERS and will have a CSRS component in your annuity) and will also be eligible for a Social Security benefit, you’ll be subject to the windfall elimination provision. The WEP reduces the Social Security benefit of anyone receiving an annuity — in whole or part — from a retirement system where he didn’t pay Social Security taxes and has fewer than 30 years of substantial earnings under Social Security.” A co-worker said…
Q. Is the FERS retirement annuity formula used in 2010 the same formula being used today by the Office of Personnel Management and Customs and Border Protection retirement? I retired as a GS-1895 CBP officer (Inspections) in 2010 and, being over age 62 with 20 years and one month of service, my annuity was calculated as 1.1 percent x high-3 x 18 years and 10 months, plus one year and 10 months at 1.7 percent. Now, OPM has come back saying that calculation was wrong, and 1 percent should have been credited to me rather than 1.1 percent.
Q. I tentatively plan to retire in 2014 at age 59 with 30 years of FERS creditable service. I am applying to become a Peace Corps volunteer after retirement. I understand that Peace Corps volunteer service is creditable under FERS. I am wondering if I can have my FERS annuity recalculated after Peace Corps service to include that additional time (typically two years).
Q. My age is 65 and I have four years under FERS and two years of active military bought back. Can I retire with an annuity?