Q. In 2005, I resigned from my position as a civil servant and didn’t ask for a refund of my retirement contributions. At the time I was 51 and had 24 years of service. Do I have any options in order to receive a retirement benefit based on my 24 years of service? A. Because you have at least 20 years of service but fewer than 30, you can apply for a deferred annuity at age 60. That annuity will be based on the average of your highest three consecutive years of basic pay and your total years and full…
Browsing: Deferred annuity
Q. I’m considering resigning later this year at 54 with 14 years civil service (MRA is 56 years 2 months). I have a 20-year military retirement (retired 2004) and am considering paying the military deposit (estimate $20,000 or so). I also get $660 VA disability (40 percent) that equates to an additional $7,920 per year that wouldn’t be taken from a civilian annuity like it currently is from my military retirement. If I resign at 54 on a deferred retirement with 34 years creditable service (20 military plus 14 civilian) and don’t start taking the annuity until 60 (when it…
Q. I am 52 with 33 years and 3 months service (30 U.S. Postal Service and three in the Army). My minimum retirement age is 56 years 4 months. If I decided to leave the Postal Service now, what are the penalties?
Q. When you elect to retire under the MRA + 10 and postpone receipt of annuity, what happens to your unused sick leave? I assume they cut me a check for unused annual leave (please correct me if I’m wrong). I am at my MRA (56) with 20+ years of creditable service.
Q. I am 40 years old with 14 years of Federal Aviation Administration air traffic control. I have six years military and bought back my time. Can I take a deferred annuity and walk now with 20 years and then at age 60 apply for my retirement?
Q. I was a FERS employee who was involuntary separated (performance related) after 16.5 years with the U.S. Dept. of Labor. I separated in September 2003. In 2004 I took a refund of my retirement contributions. Am I entitled to any pension that would be based on the government’s contributions to my account? I was born in 1963 and would otherwise be eligible for my pension in about 18 months.
Q. I worked for the Long Beach Naval shipyard from 1980 thru 1995, when they had a reduction in force. I chose to leave and was paid a severance when I elected not to go into the Personnel Placement program. What retirement benefits are available to me and where can I find out more information? I am currently 56 years old and am looking to retire soon.
Q. I resigned January 2017 after 30 years federal service (age 51). I am now struggling to make ends meet and am seriously thinking about retirement. Please help me to understand the pros and cons if I take this step.
Q. Is there any benefit to postponing my retirement pension when I turn age 62? I am eligible then, as I will have the minimum five years’ creditable service through the Department of Veterans Affairs and four years’ active-duty Army. I plan to continue working in the private sector as long as possible. I would prefer to keep my government health insurance and life insurance, if possible.