Q: I have 30 years in federal service, (20 FERS and 10 in buyback military time), and my position as a non-6c 1801 is being converted to 6c. In order to get the 1.7 percent, I have to work another 20 years as a 6c. If I do not work the full 20 years, I know I won’t get the 1.7 percent, but will my base salary for calculation of my retirement include LEAP? A: Yes.
Browsing: EMPLOYMENT
Q: I am 52 and a FERS employee with 31 years of credible federal service. I would like to quit and do something outside of the government. I already have my high threes, 2008, 2009 and 2010. Then sometime after turning minimum retirement age at 56 and 30 years, I plan to return to federal service to resume earning credible service time. How many more years must I work to receive full retirement benefits before I am eligible again to retire from government service? A: Because you are covered by FERS, there is no requirement that you be re-employed for…
Q: If while on leave without pay for OWCP work-related injury the LWOP used does not count against me for retirement purposes, then why does the LWOP used count against my sick leave and annual leave accrual? It doesn’t make sense to lower my accrual rate for annual leave and sick leave while I’m absent due to OWCP-LWOP work-related injury. They don’t penalize us for retirement purposes, and they shouldn’t penalize us in our accrual of annual and sick leave either. If it’s not counted against us for retirement purposes, it shouldn’t count against us for anything. It’s not our…
Q: I’m over 50 in a FERS Federal Law Enforcement (CBP) position with more than 22 years covered time and I am considering retirement. I also serve and have more than 30 years in the National Guard and will draw a Reserve retirement before age 60. Once retired from CBP and receiving my federal annuity, can I then accept a GS-13 grade Excepted Technician position with the National Guard without affecting my CBP annuity? A: No.
Q: Can current federal employees buy back Army National Guard time? I have federal employees that did 20-plus years in the Army and Air National Guard. They have retired from the National Guard and now work for the government. Some of these employees were placed on active duty (title 10) for certain deployments and are inquiring about also buying back that time. One employee had heard that National Guard time was somehow prorated when it comes to buying back time. Any truth to this, and if so, where can I read about it? A: As a rule, service in the…
Q: I worked for the federal government for 13 years as a civilian contractor for the Army, from 1981 to 1994. I just returned to work for the federal government as an auditor in May. I took a lump-sum payment when I retired in 1994 and would like to buy back into the retirement system. What forms do I need in order to do this? To complicate matters, I am a veteran. I was in the Army from 1959 to 1962. A: Because you took a refund of your retirement contributions after March 1, 1991, you’ll have to redeposit that…
Q: I worked for the government, from 1974 to 1979, and when I left I withdrew my CSRS retirement money. I returned to the government in 1982 and plan on retiring with 35 years (CSRS) of service in July 2011. For those five years, if I do not repay the retirement money, can you tell me how much I will be penalized? I did not understand your response from the article ‘CSRS retirement money payback,’ dated Dec. 13, which read: If you make a deposit, your annuity when you retire will be increased by approximately 30 percent (2 percent times…
Q: I retired from the Federal Bureau of Prisons 10 years ago and I receive my monthly annuity. Is it possible to be hired for another federal job without it affecting my current annuity? A: Yes, it’s possible. However, the opportunities to do that are limited. Therefore, you’d have to confirm that you’d be entitled to receive both your annuity and an unreduced salary before accepting a position.
Q: I’m over 50 years old and in a Federal Employees Retirement System law enforcement position with more than 22 years of 6(c) covered time. I am considering retirement. I also have more than 30 years in the National Guard and will draw a reserve retirement before age 60. Once I am retired and receiving my federal annuity, can I then accept a GS-grade position with the National Guard without affecting my annuity? A: No.
Q: I retired at age 52 under a Federal Employees Retirement System law enforcement (1811) retirement. I am now 55 and am employed. I generally understand the earnings test that will apply to my FERS supplement beginning the year I reach my minimum retirement age, but I am not clear how it is calculated the first year. I will reach my MRA in 2011 at the age of 56. Are my earnings for the entire year of 2011 calculated, or do they only calculate the earnings after I turn 56? I have not been able to get an answer from…