Q. Would I be penalized if I am a FERS employee, 49 years old with 26 years of government service. I just got a GS-11 job, so I do not have a high-3 at that level. My high-3 is at the GS-7. My job is offering the Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay. Can I go out with no penalties?
Q. I am 55-year-old postal employee with 27 years of postal service. I have read that a Voluntary Early Retirement Authority will be offered to eligible employees. Would I be eligible for the special retirement supplement? I also have an Equal Employment Opportunity case that has not been adjudicated, how would this affect my case? Would it still go forward?
Q. I intend to retire from government civilian service at age 60 under MRA + 10. At the time of my retirement, I will have 15 years of service. Accordingly, as I understand it, I will be eligible to defer or postpone my retirement annuity until age 62, thereby bypassing the age reduction penalty. Would I lose any of my accumulated sick hours (currently 1,200 hours) under either the deferred or postponed retirement programs?
Q. I have reached my MRA+10, and I am considering retiring. Since I am 60, I would like to postpone receipt of my annuity until 62 to avoid the age reduction. I have been told by my servicing HR department, which is not in my agency, that I must resign my position. I have read the FERS handbook and noted that it recommends one not resign since it could affect survivor benefits should I die before applying for the annuity. Also, I read that the HR department must fill out the SF 3100 and add a remark “Appears to be…
Q. I began working for the Defense Department in 1981. In 1993, I took a Voluntary Separation Incentive Pay. I received severance pay at that time. I came back to work in 1998. My adjusted service computation date is 1987. I have 26 years with DoD, and I am 52. If a Voluntary Early Retirement Authority is offered and I apply, provided I am approved, would I receive severance pay minus the amount I received in 1993 or none at all?
Q. I am a 51-year old FERS employee with 28 years of service. Because of my declining health, I plan to resign and take a deferred retirement. With more than 20 years of service under FERS, I can begin receiving a deferred annuity at age 60. Can I receive a reduced annuity at age 56, my minimum retirement age? If so, will the reduction be 20 percent or 30 percent? In other words, will I be penalized 20 percent (5 percent per year for four years) between the ages of 56 and 60, or 30 percent for the six years…
Q. I am a dual status military technician, who will be 57½ years of age at my mandatory retirement date and have 23 years federal service under FERS. Due to the MRD of July 31, 2016, I will be involuntarily separated from my federal job, and not make 25 creditable years of service. Can I get a FERS retirement without a reduced annuity?
Q. I was recently awarded a 40 percent military disability retirement retroactively back to 2005. I am a federal employee who previously paid more than $8,000 to buy back my military service time toward FERS retirement. Now that I am a military retiree, I am not eligible to buyback my military time. My human resources point of contact said the military buyback cannot be refunded until separation or FERS retirement. Can I receive a refund of the $8,000 military deposit prior to my FERS retirement?