Q. I was eligible for the early out offered to Postmasters in 2012 but decided to stay with the Postal Service. I am currently 55 with 27 years of service. My MRA is 57 and I will have 30 years of service.When the early out was offered in 2012, I decided to get an estimate of my annuity from the OPM. My District HR specialist had insisted that unless I was 62, I would get a 5% reduction for every year I retired before I turned 62. I spoke to two or three OPM specialists who told me that was not…
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Q. I was born in 1959, so my MRA age is 56 with 30+ years of service. I turn 56 on Oct. 10, 2015 (which is a Saturday) and I will have 31 years with the USPS (FERS). My master file says I’m eligible to retire on Oct. 9. What is the correct date of retirement? I don’t want to retire on that Friday, Oct. 9, only to find out I retired one day too early.
Q. I have a question about going part time in the federal system, FERS, post-1986. I was hired in October 1995. If I went part time until I retired at age 60, say 4 days a week, how will that affect my retirement calculation, and will I lose anything in the FERS calculation for going part time at the end of my career besides the less time used in the calculation? Will they still use my full salary for the calculation?
Q. If you are a P.O. employee with CSRS retirement and you have 41 yrs. 11 mos. in for full retirement and also have a year and a half in unused sick leave, will the unused sick leave be paid out in cash?
Q. I am employed with DHS since November 2005. I was previously employed by the USSMA at Kings Point as a coach, from September 1990 till the end of the season in March 1991. Is it possible to purchase back this time? If so, how would I do that? I can not recall my salary. It was only a few thousand dollars. I assume it was considered a part-time position. A. Unfortunately, you can’t get credit for that time. Non-deduction service performed on or after Jan. 1, 1989, isn’t creditable for either eligibility or computation purposes.
Q. What are the rights of a federal retired annuitant to get rehired by the Social Security Administration? A. If you are asking if an agency has an obligation to rehire an annuitant, the answer is no. That answer applies to the annuitant’s former agency and any other government agency.
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 60. That annuity would be based solely on your years of FERS service.
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.
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…
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.