Q. I turn 60 on Jan. 1, 2015. I am a FERS employee who will have 20 years creditable service in January of 2014. If I retire Dec. 13, 2014 (the end of a pay period) do I understand correctly that my Federal Employees Health Benefits and Federal Employees Group Life Insurance coverage will be extended for 31 days at no cost to me? I plan on postponing my annuity receipt until Jan. 1 (when I turn 60) to avoid the under-62 penalty. Also, do I understand correctly that since my postponed annuity date will be Jan. 1 that my…
Browsing: Deferred retirement
Q. I joined the military Sept. 12, 1978, and retired Oct. 1, 2008, with just over 30 years of active military service (no broken time). I began working for the federal government under FERS on Jan. 4, 2009. I’ve been told that I can resign after five years of government service (Jan. 3, 2014) and collect retirement benefits from the federal government once I reach the age of 62. Is that correct? If I have 40 hours of annual leave and 40 hours of sick leave, what is the earliest I can retire? Would it be two weeks prior to…
Q. I want to retire at age 57 with 28 years federal service and receive my health benefits but defer the annuity until age 62. Is that possible? My co-workers say I should work until age 59 with 30 years federal service and begin collecting all benefits then. What would the difference in the benefits be?
Q. I am a 53-year-old FERS employee who will have 16 years of service (including nine years of military buyback) at age 56. I will meet the requirements of MRA+10 at age 56 and will have been in the Federal Employees Health Benefits plan for more than five years by then. I am trying to understand if it is possible for me to retire at or after age 56 and defer the receipt of my annuity to reduce or avoid the age penalty, then re-enroll in FEHB when I begin receiving the annuity. I have read all the previously answered…
Q. My son-in-law is in his early 40s and is thinking about resigning after working full time for approximately 13 years. Is he entitled to any benefits such as health insurance, or partial retirement pay? Would the above answer in any way be altered if he continued to work part time?
Q. If I take the Voluntary Separation Incentive Pay and I have 11 years of federal service and I am 40 years old, will I still be able to draw retirement at my designated retirement age?
Q. I am eligible for the Voluntary Separation Incentive Pay and plan on taking it. However, I recently finished buying back my military time, to put toward my federal retirement. Would I have been able to calculate my military service into my VSIP if I did not buy it back? If so, did I just waste my money by buying back my military service, and is there anyway to get that money back?
Q. I celebrate my 25th anniversary with the federal government in February. At that time, I will be 58½ years old. If I were to resign and postpone my pension until 60 (my minimum retirement age), would I still receive the special retirement supplement when I file for retirement?
Q. My dad is getting ready to retire from the Transportation Security Administration with just over five years of service. He’s under FERS at age 57. Will he be able to continue his health insurance into retirement?
Q. I am a 45-year-old FERS employee with 10 years of service in the federal government and having Federal Employees Health Benefits from when I started, wanting to retire (at 45). Am I eligible for federal health insurance when I reach my minimum retirement age (58)? Or can I retire at 45 and rejoin the federal service (and take FEHB) at 56 or 57 and retire at 58 to get FEHB?