Q. I’ve read that your years of service are rounded to the next whole number. So does this mean if I have 32 years, 6 months and 1 day, they would use 33 in the calculation?
Browsing: FERS annuity computation
Q. I am a FERS disability retiree who will have my annuity recalculated in September 2019 when I turn 62. What is the formula I have to use to calculate my regular retirement? Do I add the years I been an annuitant (14 years 10 months) plus the years (25 years 9 months) that I had when I retire? What about the sick leave that I read about that can be added to my retirement? Is this something newly added since 2004 when I retired on disability, which would give me a total of 40 years 7 months combined with…
Q. I am a 61-year-old FERS employee with 25 years of creditable service. I turn 62 in May 2019. My agency is eliminating my position prior to me reaching age 62 and there will be no other position available. I was planning to work until age 62. Do I really lose the 10 percent increase in my retirement computation?
Q. Under FERS my average annual salary is $79,077. I’m age 64 and started working in 2012. I’m told that the earliest I can retire is age 62 and five years of service. When I retire, what would my retirement annuity be?
Q. When do you get notified of the actual amount of your FERS supplement? I retired with an immediate annuity as a result of a discontinued service retirement with 25 years service at age 51. I will reach the minimum retirement age of 56 this May, but still haven’t been able to determine what the actual amount will be and the Office of Personnel Management has not responded to my emails. I know how to do the estimate (Social Security estimate at 62 divided by 40 times years of service), but am frustrated by the fact that OPM doesn’t even acknowledge…
Q. I understand that my FERS annuity doesn’t receive COLA increases until age 62. When I do turn 62 does my annuity only increase with subsequent COLA increases or is there a “catch-up” adjustment as well?
Q. I am a retired federal government employee since 2013. I paid into Social Security from 1966 through 1983 when the late President Ronald Reagan took all federal employees out of Social Security and placed us into Medicare. How do Medicare benefits help me? My time to apply is three months from April 2018. Will I be penalized due to receiving a very low Social Security check when I will be getting my Medicare card next year?
Q. Doesn’t it make sense once you hit your retirement date to use your sick leave instead of applying it to your retirement? You get paid your full salary while off, get credit for the time and time applies to the FERS annuity supplement.