Q. My wife wants to retire next year, and she will be 57 in July. Plans on retiring end of March. According to Social Security, her SS benefit at age 62 would be $1,857 a month, but it says it is based on her working until 62 and that she earns $110,000 a year during that time. I can’t find anything about what happens under her scenario of retiring at 56.75 years old. Will her benefit be reduced because she does not work until 62? Her first year with full-time SS contributions was 1983, and her SS earnings were $12,750.…
Browsing: Early retirement
Q. I am going on 42 with 23 years of federal service. I would like to know if I would qualify for anything if a reduction in force were to take place. I see the computation charts show any age but you need 25 years. I don’t have 25 yet, so would that mean I wouldn’t be eligible for buyouts or anything until then?
Q. Are there any differences between a FERS early retirement and an immediate retirement? During a reduction in force, can you retire before your minimum retirement age for both under early retirement and immediate retirement? For example, can you retire at age 53 with 30 years in FERS without any age reduction penalties to your annuity under both early retirement and immediate retirement? Which type of retirement is more appropriate for the previous example?
Q. I am 63 years old and have worked for Department of Labor for 14.9 years. My department is offering buyouts, but I can’t seem to find anyone who can tell me if I’m eligible. Is anyone with less than 20 years ever eligible?
Q. I was a tenured foreign service officer. I have nine years of creditable service. I voluntarily left the Foreign Commercial Service after multiple posts. I left in August 2010 with excellent reviews and under great conditions and awards. I was 54 when I left the service to join a private company. I am now 58. I would like to apply for retirement benefits to qualify for Federal Employees Health Benefits for myself and to gain any other benefits from the pension. Can you help me to understand what I may be eligible for and when I could apply?
Q. I will be 56 in January 2014 with over 20 years of federal service (included military time bought back). Am I eligible for early retirement? Approximately how much will I be getting monthly?
Q. My dad is getting ready to retire from the Transportation Security Administration with just over five years of service. He’s under FERS at age 57. Will he be able to continue his health insurance into retirement?
Q. I was recently married (March) and changed my health insurance from self-only coverage to family coverage. If I were to receive an offer to take an early retirement, will I be able to keep the family coverage? I am under CSRS and have 33 years of continuous service.
Q. I will have 30 years in January and will be 55 years old in March. I’m a FERS employee working for Hill Air Force Base, Utah. If an early-out is offered and I take it before my minimum retirement age of 56 years, will I still get the special retirement supplement paid to me monthly until I reach the 62 years of age, or will I lose that benefit?
Q. I have 15 years of federal service and would like to do an early retirement with MRA+10. Would I have to take a reduction in my Thrift Savings Plan, or just my federal retirement only?