Q. I am hoping to leave service at 59 years old with 25 years of service. I was planning to postpone my annuity start date until I was 60. My understanding is if I postpone and do not defer my annuity, I could resume as if I just left service. I would be entitled to health insurance and my supplement until age 62; if I deferred I would be ineligible for either. I believe the words “postpone” and “defer” are not the same, though are similar in meaning. Do I need to meet my minimum retirement age to qualify for a postponed retirement?
Browsing: Deferred annuity
Q. I am currently overseas on an extended family vacation. I’ll be turning 62 years old at the end of this month. I left the federal service as a law enforcement officer in 2012 with 6 ½ years of creditable service. I did not receive a refund of my retirement contributions when I quit from my federal job. Can you give me an approximate annuity based on my service? What do I have to do to apply for it?
Q. My husband worked 16 years for the federal government and then left. He also had four years of active-duty service for which he wants to make a deposit. He plans on getting his retirement at 62. He says he can get all his benefits back, including medical, life insurance and a retirement annuity. Is that right?
Q. My wife quit her federal government job but did not know at age 62 she would be entitled to an annuity. We have since applied for her annuity. She had worked approximately 17 years. She is 63 years old, and we have applied to OPM. Will they back pay her from age 62?
Q. I was told to separate and postpone my retirement to avoid the penalty. I am 58 years old, and will have 16 years at the Defense Department. How does the annuity work? Is it an annual payment or monthly? What is the difference between postpone and defer? Do I submit my intentions to the HRC CPAC when I submit for separation?
Q. I am 46 years old with 27 years of civil service. I would like to retire now under FERS. How does this affect the FERS base annuity and FERS supplement? My MRA is 56 years old, plus 10 months. How much of a reduction will I receive?