Browsing: Deferred annuity

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. 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.

Q. If I resign from the government, am I required to leave my money in the retirement fund to be eligible for a deferred annuity at age 60 (to avoid the age reduction)? I want to transfer my retirement fund to my own securities personal bank. To be eligible for an early out, do you have to be at your minimum retirement age?

Q. I am 56, but only have six years of government service time. Even though I’ve worked for a U.S. government agency for 31 years, only my time with government service counts toward retirement. Would I be allowed to leave the government before my minimum retirement age and take a deferred annuity at age 62? If this is possible, would I be able to keep my medical coverage?

Q. I left federal employment after 20 years of service under the CSRS retirement system at age 45 with about 1,600 hours of sick leave on record. I will be applying for deferred pension at age 62. Is the sick leave balance considered in the retirement calculation? It is my understanding that it is not because I left service early.

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