Browsing: Postal Service

Eligibility to receive benefits


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.

Waiting for Social Security


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…

WEP effect


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USPS pension


Q. I worked for the USPS 1987-1996. Is there a pension for me that I’m not aware of that will be available me at retirement age? I cashed out my savings plan that I was contributing to when I was working, but I am referring to a pension that I may have become vested in. This would be great news, but where do I find out?

Buying back LWOP


Q. I am a CSRS-offset employee planning to retire at the end of the year and trying to get all my ducks in a row. While working for the Postal Service as an Army Reservist, I was on leave without pay for two months and six days in 1984, and four months and 19 days in 1994. I thought I would have to pay this time back in order to receive retirement credit. However, in the 2014 CSRS Retirement Planning Guide published by FEDweek, on page 40, I read, “A total of six months of LWOP (including furlough days) in…

Reserve + Postal Service retirement?


Q. I’m 61 (born in 1952) and am retiring this year at age 62. Beginning in 1970, I served three years of active duty in the Navy, 10 years in the Reserve, 16 years of active-duty reserves. I retired to the fleet reserve in 1999, which delayed my retirement pay to age 60 (2012). I joined the Postal Service in 2001. At that time, I entered FERS and did military buyback. With my Navy and postal time, postal computation shows I have 30 years this year and am eligible to retire from the Postal Service. Will I be able to…

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