Browsing: Deferred retirement

Q. I spent eight years active duty in the Air Force as a physician in the late 1990s. I would like to end my career practicing at the VA. I am 59 years old. If I work at the VA for 11 years, I will only have 19 years of federal service. Will I be entitled to any federal government pension? Must I work a full 20 years for the Fed? Will that effect the Social Security funds that I have contributed to for the past 25 years?

Q. I’ve completed five years of creditable civilian service with the VA and “purchased” my four years of military service, and now I work for the state. If my annual average pay was $44k, how much can I expect to receive after I apply for deferred retirement at the age of 62? 65?

Q. A recent post stated you can receive your FERS retirement benefits calculated at the rate of .011 with 20 years of service at age 62. Does this benefit rate of 1.1, apply if you resigned your employment before the minimum retirement age, have more than 20 years of service and elect to receive a deferred retirement at age 62? At age 60, benefits are calculated at .01. Is there a choice?

Q. I started work in an letter of authorization appointment in June 2004. In January 2005, I was hired under a TERM contract not-to-exceed four years. I completed that term and a second one. At the end of that period, my only option to continue was to return to an L/A appointment. Because I was coming from a position with benefits (FEHB and FERS), I was able to keep them in the L/A appointment. The L/A appointment rules are changing (all the time, it seems), and at this point I don’t know if my L/A appointment can be renewed. Though…

Q. I am 57 years and two months old. I am most likely going receive a sanction on my nursing license in late April or early May. I have 21 years and three months of service, including three years of military buyback time. I have carried federal health insurance since 1995. If I wait until the probable board sanction and I get terminated, will I still be able to defer retirement until age 60? Will I still be able to continue health insurance at age 60? Or would it be better to retire the day before the stated board of…

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