Q. I became a federal employee in 1989 and have military service from 1976 to 1984. Is FERS my correct retirement plan, and do I add the eight years of military time to 25 years in federal service to give me my total years of government service?
Browsing: Creditable service: FERS
Q. 1. If I have previously “bought back” active-duty time, believing I would continue in the civil service system, and later qualify for an active-duty retirement utilizing the time bought back plus additional active-duty time accrued to equal 20 years, will the buyback amount I paid be refunded to me? 2. If I am later eligible to retire from federal employment based on total years in civil service (say, 20 years), am I required at that time to waive my military pension to have my military and civilian time recomputed to receive the combined total federal service time toward my…
Q. I was hired in September 1982 and, in 1986, started to pay into FERS. Is it possible that I could be in the wrong pension plan? Can anything be done to correct this issue?
Q. I am a GS 1811, injured in the line of duty in 2002. I have been collecting workers’ compensation for the past 12 years. Prior to my injury, I had 12 years 1811 time. I bought back all of my active-duty military time back (6.8 years). I am in FERS. I know that, as an 1811, my annual pension is 1.7 percent. Does my time on workers’ compensation also count toward 1811 time? I know my military time is calculated at 1.0 percent. Assuming that the compensation counts toward government service, I would have 24 years at 1.7 percent…
Q. I am a 43-year-old FERS employee who just completed my 20th year in a covered law enforcement position. I understand the 25 at any age/20 at age 50+ rules. I also understand that I may transition to a nonlaw enforcement position for the next five years and retire at age 48, or simply continue working until age 48 and retire with 25 years of law enforcement. However, at this point (age 43 with 20 years), if I retire and apply for deferred benefits, will those benefits be available when I turn 50, as 50 is the minimum retirement age…
Q. I am considering requesting a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay and being off the rolls by March 31. My service computation date is Feb. 28, 1982 (CSRS and FERS). On Feb. 28, 2014, I will have 32 years of combined service (CSRS and FERS). On April 11, 2014, I will be 58 years old. I transferred to FERS on March 30, 1994. Therefore, I will have 20 years under FERS on March 30, 2014. I previously withdrew all of my retirement funds from CSRS, and never paid them back. I understand that although I did not repay…
Q. I am a Postal Service employee under FERS. I originally planned to retire Nov. 28, 2014 to avoid another holiday season. First, can you retire with more than 440 hours of annual leave? Second, if I delay my retirement to the end of December and my annual leave is paid in January, will that lessen the taxes I would pay since my income would be less?
Q. I am employed by the federal government and enrolled in FERS. I am coming up on my five-year anniversary of employment. When is the exact date that I will be vested? Is the vesting date the exact five-year date from my hire date, or do I need to complete an entire pay period that the exact five-year anniversary falls in? I am paid monthly. Will I receive a notice from FERS that I am vested? Can I sign on to a website to find this information?
Q. I am in the Department of the Interior Bureau of Reclamation. I will have 30 years of federal service on Feb. 2, 2016, and will be 60 on Jan. 24, 2016. My minimum retirement age is 56. The Office of Personnel Management’s Web page says if you retire before 30 years service or MRA, your pension is reduced 5 percent for each year unless you have more than 20 years service and your benefit starts at age 60 or later. Does this mean that if I retire at age 59 but defer pension until I am 60, my pension…
Q. I was injured early in my federal career after 9½ years in public service at the state level. My workers’ compensation was approved, and I spent two years on OWCP (June 2004 to June 2006) before I was able to return to work. I worked part time for two years in the interim (2007-09, private sector) before locating a new federal position. Because the injury resulted in permanent disability and I couldn’t go back to my original job, I returned in a different GS series. Can the two years I spent on OWCP be credited toward my federal service…