Browsing: FERS annuity computation

Q. I am retired from the FBI.   I have 22 years covered under CSRS and 11 under FERS.  Because my FERS supplement ends in August when I turn 62, I plan to apply for Social Security,  who has advised my monthly benefit payment will be 1120.00.  My FERS supplement is approx 500.00 per month.  My question is:  When I begin receiving social security benefits in August, will I receive the entire 1120.00 or will it be reduced?

Q. I am 62 and have 7 years of service under FERS. My disabilities have worsened, and I must retire fairly soon.  I have some other income from a state pension that will help while I apply for SSDI, but I need to know when would be the best time to retire.  I do not believe my retirement will amount to more than enough to cover my life and health insurance with a little to spare according to a recent retirement estimate I received from HR.  So given that, is there a particular day of the month, being paid bi-weekly,…

Q. I am considering filing for VA disability for a military injury that occurred in a parachute jump during airborne training.  This was 22 years ago.  I did have a severely broken ankle requiring surgery.  Now I have arthritis in that ankle as well as severe knee degenerative joint disease that may require knee replacement in the same leg. I have some concerns: 1.  I never retired from active duty.  I will receive a reserve retirement at age 60, however.  I never applied for military disability retirement (was doing OK at that time). 2.  I joined the federal service and “bought…

Q. I’m a GS employee with over 5 years of time in under FERS and I’m also a military reservist. I have no prior active-duty service, but I am considering leaving my civilian job to join the active-duty military. If I did that but did not accrue the 20 years required for a military pension, could I buy back these military years after I finished serving and use them towards my deferred FERS annuity even if I never returned to a government civilian job?

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