Q. What is the difference between retiring by resigning, optional or early? Particularly, the number of years associated with each?
Browsing: Early retirement
Q. I am 61 with 32 years of service and turn 62 in October 2014. Is there any way to avoid the lower multiple of 1.0 percent of the high-3 times years of service computation that is used for those retiring before age 62? I would like to retire in the spring or summer.
Q. Are there any benefits available if one leaves federal service early — 15+ years but two years shy of their minimum retirement age?
Q. I have 30 years of federal service as a WG-12. I am 52 years old. If I am nonretained in the Air National Guard, will I get my FERS retirement and my Supplemental Security Income? It is my understanding that if I’m over 50 years old with 30 years of service, I should receive both with no penalty.
Q. My husband has a rare syndrome, and his prognosis is only a couple years. He cannot be left alone during the day, and I cannot afford to pay someone to stay with him all day. I am age 50, and a GG-13 Step 7 with 15 years of government service (four years of active-duty time is included in this). Can I retire now (I am under FERS) and still keep my health insurance? What would I receive in pension, and what would be the cost of keeping my health insurance as I cannot afford to lose it due to…
Q. Are there penalties for leaving/retiring 22 months before I turn 55? I am CSRS with more than 30 years. Would I have health insurance? I’m thinking I would lose 4 percent of the full retirement.
Q. If I get an early retirement (I am 50 with 29 years), when can I go back as a rehired annuitant?
Q. I have worked for the Postal Service for 26 years. I just turned 50. I am under FERS. If I decided to retire at the end of the year, how would I calculate what my annuity will be? Additionally, if there were another early-out offer from the Postal Service, how would I benefit from that rather than retiring outside of the offer?
Q. I took an early retirement from the Social Security Administration in 2005 as a CSRS employee. In 2009, I returned to work as a full-time CSRS employee and make CSRS retirement contributions. I will be eligible for a redetermined annuity early in 2014, when I will be 56. From 1975 to 1981, I had civilian service, during which I made no CSRS contributions. I paid a deposit for this service when I retired in 2005. Office of Personnel Management regulations indicate that I will need to make another election regarding this when I retire again next year. Will I…
Q. Is there an option to take buyout money as monthly payments rather than a lump sum, and what are the ramifications? I’ve heard there is an option but cannot find any information on it.