Browsing: EMPLOYMENT

Q. I am now eligible as a CSRS/FERS hybrid for a maximum pension for my previous service, since I am over 62. I understand there is no more actuarial adjustment (higher annual benefit) after age 62 for delaying receipt. My last employment was about 20 years ago. If I take my annuity and am later rehired, I understand that I cannot have my high-3 and high-5 years recalculated unless I serve more than 5 years. However, what if I just don’t take my annuity? Aren’t I then eligible for redetermination for each year of re-employment? Is there any age at…

Q: I retired from the Army in August 2008, after 28 years of service. I currently receive my retirement pay and VA Compensation. If I get hired for a government job, how will my current benefits be affected? A: Being hired as a civilian employee of the federal government won’t have any effect on your military retired pay or Veterans Affairs compensation. However, if you want to get credit for that period of active duty service in determining your eligibility to retire from a civilian job and in your annuity computation, you’d need to make a deposit to the Civil…

Q: I retired as a Federal Employees Retirement System annuitant Feb. 1, 2006 at age 62 plus a couple of weeks. If I am rehired: Will my current FERS gross annuity before taxes be deducted from the new gross salary before taxes? I suspended my federal health insurance but now have Medicare and Tricare for Life. What is my best option if I am rehired by the government? A: Unless you are hired under one of the special authorities that would allow you to receive both your annuity and your full salary, the gross amount of your annuity would be…

Q. I retired as a FERS annuitant on Feb. 1, 2006 at age 62 plus a couple of weeks.  If I am rehired please help with these questions. Will my current FERS gross annuity before taxes be deducted from the new gross salary before taxes? If I have the maximum  for retirement, including the over-50 extra amount, deducted and invested in the Thrift Savings Plan, am I matched by the federal government  and vested from day one for as long as I decide to work? I left my TSP with the federal government and I have not taking anything from…

Q. I retired from the U.S Forest Service on 7/03/05 at age 52 under CSRS Firefighter retirement. I retired out of a secondary firefighter position that I went into from a primary firefighter position with no break in service. If I am rehired by the U.S Forest Service now, after 4.5 years retired, into a secondary firefighter position, will I still have to take mandatory retirement at age 57 or will the break in service mean that no firefighter retirement will be in effect for any “supplemental” or separate annuity I may acquire? Basically, in this scenario, can I work…

Q: My husband was forced to retire from the Defense Department due to base closures in 1999. He was 45, and combined with his navy and shipyard time he had 25 years in. He took the retirement and has worked in the private sector since. He has an opportunity to work at the Veterans Hospital and was wondering what it would do to his retirement. He gets about $20,000 a year in retirement and the job pays $25 per hour. Any help is welcome. A: It depends entirely on the nature of his appointment. If he takes a government job,…

Q: As a federal firefighter retiring under FRES at the mandatory age of 57, can I continue working in another agency? For instant, transferring into fire prevention, which does not apply to the mandatory retirement or to another federal agency outside of the federal fire service. If so, would I still receive the firefighter retirement computation? A: Once you have 20 years of covered service, you have locked in your eligibility to retire under the more generous computation formula for firefighters. You can continue working where you are in any job or work for another federal agency without affecting that…

Q: I’m thinking of retiring and wondering if there is anything that precludes an individual from retiring one day and coming back to work as a federal employee the next? A: Not that I’m aware of. However, there are some things you need to keep in mind. If you were to take early retirement, when you returned to work your annuity would be canceled and you would be treated as any regular employee with the same age and service. And you wouldn’t be eligible to retire again until you met the age and service requirements. On the other hand, if…

Q: I recently retired at age 56, air traffic control mandatory retirement, with 36 years in the Civil Service Retirement System. A desirable position for which I am qualified has become available with a local Transportation Security Administration unit. If rehired at TSA, would I be under the Federal Employees Retirement System or CSRS? If I’m under FERS, could I retain full CSRS annuity? If rehired into CSRS, what are some factors to consider: annual leave rate, recomputation of CSRS annuity, etc.? I would like to work until age 62, when my wife can retire and would be very close to maximum…

Q: I recently retired from the Postal Service under the incentive/buyout offer. If I seek another government position, will I be required to pay back the buyout money I received? A: Yes. If you received a buyout and later accept a paying job with the federal government within 5 years of the date of the separation on which that buyout is based, including work under a personal services contract or other direct contract, you must repay the entire amount of the buyout to the agency that paid it to you before your first day of re-employment.

1 76 77 78 79