Q. The situation is this: * 14 years active duty (and have paid deposit) * Six more years of civil service, then left without receiving a rebate on retirement contributions * FERS calculator says I could draw retirement at age 60 with a total of 20 years (14 + 6) of creditable service * I continue to serve in the Reserve and will draw a Reserve retirement at age 60, as well Will I be eligible to draw both retirements, with no relationship between them or reduction to FERS retirement after military retirement pay begins?
Browsing: Creditable service: FERS
Q. I’m age 50 with 25 years of non-Postal service under FERS. If I have a medical condition that qualifies me for disability retirement, will I still be covered under FEHB after retiring on disability? I would only pay my portion of the premium as if I am still employed, correct? I have been enrolled in Federal Employees Health Benefits my entire career. And would I still receive the special retirement supplement when I hit my minimum retirement age of 56, even though I am retired on disability?
Q. I am 55. I wish to stop working for the government in three years, when I will be 58. I will have 26 years under FERS. I have approximately 2,000 hours of sick leave. Can I defer my retirement and submit for retirement at age 60? Would I lose my sick time, or would it be credited?
Q. I am a FERS employee. I am 57 with 26 years of service. 1. Do I get annuity computation for sick leave? If so, how is it computed? 2. I was born in 1956. What is my minimum retirement age, and how much service should I have under the MRA? 3. What happens with my annual and sick leave when I retire? 4. When should I start preparing my paperwork for my retirement? 5. My agency is going through a reorganization. We have the options for early retirement, buyout, being reassigned to New York or Boston (I live in…
Q. I have 22 years in federal service under FERS and am 56 years old. I have held Tricare Prime under my retired spouse for over five years and Blue Cross/Blue Shield under my position for four years. If I take early retirement, can I carry my insurance into retirement? Do I meet the conditions to receive the special retirement supplement until I reach age 62? If not, under what conditions could I receive the special retirement supplement that would carry until I reach my Social Security age?
Q. I have worked for the Postal Service for 26 years. I just turned 50. I am under FERS. If I decided to retire at the end of the year, how would I calculate what my annuity will be? Additionally, if there were another early-out offer from the Postal Service, how would I benefit from that rather than retiring outside of the offer?
Q. I’m 55, with 29 years of federal service, of which only 16 is creditable to retirement under FERS because I have never repaid my active-duty time. I am being separated due to medical reasons. I have retired on the reserve side, and so can’t remain on the civil service side. I have applied for priority placement within the local commuting area but have not received an appointment. Am I eligible for, and at what point will I receive severance pay? According to personnel, I can’t receive retirement until 62, unless I repay the active-duty time. Note: My letter stated…
Q. I am a FERS employee. If my command is offering a Voluntary Early Retirement Authority and I retire at the any age and 25 years of service (I am 47 years old and have more than 25 years of service): 1. Will I get my special retirement supplement along with my retirement pay? Or will I not be entitled to the supplement? 2. If my command has a reduction in force instead, will I be able to get my severance pay plus voluntary retirement with my retirement plus the supplement until my MRA?
Q. I have 174 hours of sick leave. I’m 62 under FERS. Should I retire Dec. 29, where I’d only get half of my unused sick time to add to my annuity but get the 1 percent cost-of-living adjustment in January? Or should I retire Jan. 3, 2014?
Q. I had cashed out the five years of FERS service from May 1987 through August 1992. I was reinstated in November 2005 and been with the federal government since. I just received a letter from the Office of Personnel Management that I would have to pay $1,973 for FERS redeposit and $3,541 for the interest — a total of $5514. The date shown is Nov. 14, 2013. I wonder if redeposit is a good approach at this time? Please explain the benefit of having this redeposit made vs. not doing anything. And, for future reference, where can I tap…