Q. How is my annuity reduced after working full time for seven years, part time for 10 years and then full time for an additional 13 years? Is it still the high-3, or is there a reduction because of less money contributed for those 10 part-time years?
Browsing: part-time
Q. My previous and current employers added seven years to my service computation date for my work at USDA from April 1, 1981, through March 31, 1988. The credit is documented in SF-50-B forms from these agencies dated Oct. 15, 1994, and Feb. 19, 1995. My current employer’s Employee Self Service website also incorporates this seven-year credit in calculating my estimated monthly annuity. My current employer’s HR unit, however, will give me only one year and two months’ credit under FERS for my work at USDA because the work was part time. Since more than five years of my service…
Q. My entrance on-duty date is May 1971, and I was reading that employees stop getting the government contribution to their retirement at 41 years one month. Would this apply for part-time employees? If not (being optimistic), would they factor in the part-time years of service and add on the years to equate to this timeline? For example, for someone who worked 10 years at 20 hours a week, deduct five years and continue contribution till the total 41 years one month are completed. Also, is there a ratio of how many retirees elect to take out an insurance policy…
Q. My husband died at age 51 in 2000. He worked 28 years for USPS, plus four years in the military, for 32 years (he paid no Social Security taxes for the 28 years in USPS). I have received widow’s death benefit annuity payments since his death, in addition to purchasing the USPS medical insurance plan. I worked full time in the medical profession until his death and have worked part time since 2000. I would like to take my Social Security at age 62 (in 3 years). Am I still eligible to receive the USPS death benefit annuity (and…
Q. From 1983 to 1985, I worked part time for the USDA. I was a student at the time, so when I graduated, I left for a job in the private sector, and my retirement deductions were paid back to me. I was later hired by the Department of the Army, where I have been ever since. I recently made a service deposit for my USDA time. I served with USDA for 25 months, but the part-time hours add up to 15 months full-time equivalent. Will this add 15 months or 25 months to my FERS pension?
Q. I am 57 and was a civilian firefighter for the Navy in FERS with 13 years of service. I was medically retired in 2001 and have been receiving a disability annuity since. I remember being told or having read that when I turn 62, my disability annuity will revert to a standard retirement, reducing my pension. A couple of years after I left the federal system, I found part-time work to help add to my income, staying well under the 80 percent requirement, but over the last two to three years, my medical issues have worsened, and I am…
Q. I have a government pension and will be retiring in the next couple of years. I understand that my pension will be subject to federal and state taxes. I also have 20-21 years full time under Social Security (an additional nine years part time under social Security but under the substantial earnings amount). My Social Security will only be approximately $6,000 per year. Would the Social Security be subject to federal and state taxes?