Browsing: Deferred retirement

Q. My wife worked for the Defense Department for 16 years and was let go as a result of a mission move. She was under the CSRS retirement system, and we never pulled the money out. She has worked in the private sector for 13 years and doesn’t expect to return to government employment. When she reaches 62 she plans to take a deferred retirement. Will her Social Security benefits be reduced based on her receiving a CSRS retirement annuity?

Q. I’m a federal law enforcement officer with 16 years covered and three years federal service not covered. If I decide to take a deferred retirement will I still get the enhanced 1.7 x the number of years x my high three and 1 x the number of non-law enforcement years X my high-3? I also bought back 13 years of military service. How will those years be added?

Q. I’m a law enforcement officer with 16 years federal service. I also have three years federal service (non-LEO).  I’m looking at deferred retirement next year with 20 years of federal service and being able to draw my retirement at age 60, I’m currently 52. According to all I have read, the following would be how I calculate the income. Base pay  80,000 X 17years X 1.7 for law enforcement. Base pay 80,000 X 3 years X 1 for non-law enforcement federal service. I have bought back 13 years prior military service but not sure where this counts. Could you…

Q. I worked as a full-time carrier from 1988-1996. I recently heard that I am vested and will receive some money when I’m in my 60s. Is that true? I also had almost 8 years of sick leave saved up. Does that count for anything? I know that some federal agencies receive medical insurance if they paid for it for 5 years — Is the USPS one of those agencies?

Q. I am a FERS (non-LEO) employee and plan to leave government service at age 50 with 26 years of service. Do I elect to defer or postpone my retirement? At what age do I draw from my retirement; 56, 60 or 62? At what age would I qualify for life insurance to be included again?

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:”Times New Roman”,”serif”;} Q. I’m a DoD employee, age 52 3/4 years with 28 1/4 years of service. My goal is to retire when I reach 30 years of service, but I’ll still be almost two years short of my MRA, and therein lies the rub. I’ve done a fair bit of research, but try as I might, I cannot find an avenue for retirement before my 56th birthday that does not…

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