Browsing: EMPLOYMENT

Eligibility to receive benefits

0

Q. I worked for the post office for 23 years under FERS and resigned at the age of 48 to work in the private sector. I am 53 and would like to know when I would be eligible to receive retirement benefits. Also, I worked for four years with the state government. Would those years count towards retirement? A. If you didn’t receive a refund of your retirement contributions when you left, you’d be eligible for a deferred annuity at age 62. That annuity would be based solely on your years of FERS service.

High-3 calculation

0

Q. I have been a federal employee for Homeland Security for 6-1/2 years. I have been medically disqualified from my job. I am going to try to get disability. I have worked full time for the first 4-1/2 years, and went part-time down to 25 to 30 hours a week. Will they use the highest three salaries, even if when discharged I was working part-time for the agency? How does the calculation work for this situation? A. An employee’s full-time salaries are used in determining his high-3, even if he is in a part-time position.

Waiting for Social Security

0

Q. I am 60 and retired three years ago under CSRS with the post office. Will my annuity be reduced if I do not claim Social Security benefits at 62? I want to wait until I am 65 to claim Social Security. I worked nine years under Social Security when I was younger. A. Because you retired under CSRS – not CSRS Offset – your CSRS annuity will never be reduced. If you are eligible for a Social Security benefit, the fact that you retired from a retirement system where you didn’t pay Social Security taxes means that your Social…

Prior LEO service

0

Q. I worked for 10 years and five months under CSRS prior to moving to a law-enforcement covered position. How will the first 10 years be calculated with the 21 years as a LEO? A. All time beyond 20 years of covered service will be computed using the standard formula, not the enhanced one for LEOs.

Credit for part-time hours

0

Q. I am a CSRS employee with a period of “post-April 6, 1986” part-time service of about 10 years. During that time, I occasionally worked hours above my scheduled tour of duty. How do I get credit for that time in my retirement annuity? A. The extra hours you worked are already a matter of record and you’ll get credit for them in your annuity computation.

Reduction to part time

0

Q. I will have 18 years in FERS and I am 59. My job  will be reduced to a part-time position in September and I need to know if I should retire before it gets reduced? Should I take the hit and stay with the part-time position until I turn 60? Will the part time reduce my annuity if I stay for the following six months?

Seniority

0

Q. Does a person have seniority when two people in the same section are applying for the same job? Both have the same experience, one from active duty and retired from active duty of 23 years. But he will only have two years as a federal employee in August 2014. The other has 12 years federal service and 11 years active duty. Both are a GS-07 and looking to apply for a GS-09. I realize management has the right to hire anyone who they feel is qualified.

Re-employment

0

Q. I am a FERS retiree since 2003. May I work as a temporary fire lookout for the same agency? A. There is nothing that would prevent you from being rehired by your former agency if it wanted to do so. However, you need to find out what the effect of taking that job would be. As a rule, the salary of a re-employed annuitant would be reduced by the amount of his annuity. If that turns out to be the case with the temporary lookout position, you’d end up working for nothing.

State to federal

0

Q. I’m considering moving from a state job in New Jersey to a federal job. Will any of the state pension deductibles be transferable to the federal government? A: No.

1 2 3 67