Browsing: Deferred retirement

Q. I have been receiving Social Security Disability Insurance for a total disability since 2008. From 1981 to 1989, I was a CSRS offset employee in the USPS. When I tried to apply for my CSRS pension, I was informed by letter that I had to wait until I reached age 62, which is unlikely, or withdraw the small amount I contributed as a lump sum. Is it not possible to apply for and receive my CSRS pension when completely disabled? I have read CSRS Pamphlet No. 7 and searched the website Q&A, and I am very confused.

Q. I am a 43-year-old attorney considering leaving federal service for the private sector. I have 9½ years of service, have been enrolled in FEHB for that entire time and am deciding whether any benefit would vest or accrue to me if I stay 10 full years rather than leaving a few months short of that. My human resources specialist says that if I have 10 years of service when I resign, then I would be eligible to apply for an early retirement annuity at age 57 (MRA+10, I think) and re-enroll in FEHB at that age. Is he correct?…

Q: I am 57 with five years of SES federal service under FERS. I am planning to leave federal employment soon and have two questions about deferred retirement. Will I have an opportunity to continue my federal health care insurance after separation from federal employment? I have about 12 weeks accrued sick time and six weeks accrued leave time (18 weeks total). What options do I have with these balances upon separation? A: If you leave government, you’ll receive a lump-sum payment for your unused annual leave. Your unused sick leave, which has no cash value, will simply disappear. Under…

Q: I was hired three years ago as a FERS technician for a Georgia National Guard facility. I worked the first two years, then the Guard unit activated and I deployed under Title 10 as active duty for last year. I bought back my active time from prior to being hired as a technician. My total time of creditable service then is 15 years, only the last three after being hired as a FERS employee. Do I qualify for a deferred retirement? I understand it would be a reduced amount. A recap: I have 12 years active time (bought back…

Q: I have 20 years and nine months of service as a military technician. I have switched to Active Guard Reserve status, and I have been on leave without pay for five years. If I decide to stay AGR can I draw 20.9 percent of my technician salary at 62, or another age? I don’t want to take a cash buyout now if I can defer it and receive 20.9 percent of my high-3 years sometime later. Could I possibly buy back the five years LWOP also, making it 25 years and nine months? A: As a FERS employee with…

Q. I am a federal employee with 10 years of consecutive service from 2001 to 2011. I would like to resign my position in August. What are my options for a deferred retirement? Please include every available scenario. A. There’s only one scenario. If you resign from your position and leave your contributions in the retirement fund, you can apply for a deferred annuity at age 62.

Q: I have eight years of work under FERS and will be 62 in a few years. I have left the civil service and understand that age 62 is the minimum age I can receive a deferred annuity. Is there any increase in the annuity if I wait a year or more after age 62 before filing? A: No. Your annuity will be based on your high-3 and years and full months of service on the day you left government.

Q: I am a reservist and had 8 1/2 years of civilian federal service (under FERS) when I was recalled to active duty right after 9/11. I have been a reservist on active duty for the past 10 years and am still on leave without pay status (LWOP) with the agency I was recalled from. How long would I have to return to the agency in order to make a deposit on my 10 years of active duty? I have about 80 hours of leave on the books. Is there a certain time period that I would have to return to the agency to…

Q: When I’m 61.5  years old with 13.5 years of service under FERS, I’d like to resign and defer my annuity until I’m 62, (January 2014). Will that avoid the 5 percent penalty? What happens to my sick leave based on the new system? Would I lose it because I resigned at age 61.5, or get credit toward retirement? A: Because you would be 62 and have at least five years of service when you applied for a deferred retirement, you would avoid the age penalty. On the other hand, you would get no credit for your unused sick leave.…

Q: I recently read an article on the minimum retirement age in which the author states, “Here are some reasons that the MRA+10 option is not more popular than it is (other than the fact you’ll not be receiving an annuity for two years).” I’ve been considering the MRA+10 option for quite some time now, and this is the first that I have heard of not receiving and annuity for two years. In all of the literature I’ve read on MRA+10, I cannot find any mention of it. Do MRA+10 retirees have to wait two years to receive their annuity?…

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