Q. I am 50 years old. I did six years active duty which I have not paid back to get credit, and I have 24 years civil service. I had a heart attack two years ago. I have a stint and defibrillator, but I am able to work. There is no way my boss would give me a positive disability letter. I have a little different outlook on life now. I’d like to travel, etc. Luckily, I have a few hundred thousand in my Thrift Savings Plan. What are my retirement options, if any, right now? I know I have…
Browsing: Early retirement
Q. Can I retire with 26 years of service if I’m 56 years old? I am under FERS. If so, is there any penalty?
Q. My wife is thinking of early retirement at age 50 with 22 years in. Is there any Voluntary Early Retirement Authority (VERA) for 2014?
Q. I am a 48-year-old Army Reserve retiree (Gray Area). I was mobilized in support of Operation Enduring Freedom and was medically flagged during mobilization as being asthmatic and ultimately unfit for duty. After a Medical Evaluation Board, the Physical Evaluation Board offered for me to accept an early retirement in lieu of a disability separation. Unfortunately, I was retired as an E-4 with 16 years, 2 months, 7 days of combined service and a total of 2,524 points . The breakdown is 4 years active duty Marine Corps 1983-1987, and Army Reserve 1992-2003 with one additional year of active duty…
Q. I will be 52 years old March 9. I am covered under FERS, and I have 31 years of federal service. If my base offers an early-out this year, I plan to take it. I have a substantial balance in the Thrift Savings Plan and would like to withdraw it in its entirety when I take the early-out so I can invest it in my daughter’s business. 1. Will I be penalized for withdrawing my TSP funds early? If so, how much? I know I will be taxed, and I am OK with that. My husband plans to keep…
Q. I am completely out of annual leave and sick leave and have recently received a cancer diagnosis. My local human resources department has informed me of two options: voluntary leave transfer program and advance leave request. However, I don’t want to have to worry about losing my job, etc., and may not feel good enough to come back to my old job. What are my options? Are there any disability benefits available to me? What is early retirement for someone like me who is only 48 years old and has eight years of service with the Veterans Affairs Department?
Q. I am 57 years and two months old. I have 21 years of federal service (FERS), including two years and 11 months of military buyback time. I am considering early retirement. I have maintained Federal Employees Health Benefits since I started 18 or so years ago. The human resources experts here are telling me that if I defer my retirement to age 60 (which I am eligible) that I can never again receive FEHB. I cannot find that statement anywhere. I have seen a local in-service slide presentation that you can defer retirement until age 60 or 62 and…
Q. I received an “early-out/buyout” in 2006 with 22½ years of service prior to my minimum retirement age. I was age 46 at the time. Will I be eligible to receive any FERS annuity once I reach my minimum retirement age?
Q. Do I have any options for early retirement that will allow me to keep Federal Employees Health Benefits if I retire at age 52-55 with 20-23 years of service with a minimum retirement age of 57? I know I can take postponed, but then I lose FEHB. So I was wondering if there was any other way.
Q. I was offered and took an early FERS retirement. I wasn’t in any special occupational group. I was an IT specialist. Will I receive the 1.5 percent cost-of-living adjustment, or do I have to wait until I’m 62.