Q. I am retired with an active-duty Air Force retirement and a Veterans Affairs Department disability rating of 90 percent. I am also subsequently going to retire from FERS civil service in a few years. Can I collect a VA disability check, active-duty Air Force retirement check and a FERS civil service retirement check? I am returning to my FERS civilian job after a five-year active-duty tour. It will cost $8,000 to buy back those five years to bring my civil service time up to 25 years. Should I buy back those five years, or is it a waste since…
Browsing: FERS annuity computation
Q. In 1988, while I was a federal employee at the Defense Mapping Agency, I was enrolled in CSRS. Then, when the FERS plan became available (about 1988), I switched from CSRS to FERS. Then, in November 2000, I separated from the federal government. I have since been told that the money that I paid into CSRS is sitting there and that I can collect it. How can I obtain the money?
Q. I am a federal employee under FERS. In 2011, I retired from federal service from the House of Representatives. I returned to federal service one month later. Because my retirement package was already computed, my income is split equally between my retirement annuity and my pay from the House of Representatives. The deposits are listed as US Treasury Civ Serv for my annuity and US House of R for my regular monthly salary. I turned 66 in November; thus I’m eligible for full Social Security retirement if I choose to draw it. I would like to continue working. Will…
Q. How does the Voluntary Early Retirement Authority work for cost-of-living adjustments and Social Security? Hypothetical situation: Person retires at age 52 years old with 30 years as a FERS civilian in 2014. S/he does not get any COLAs until age 62 in 2024. If this person’s annuity is $2,000 a month, then their annuity remains the same until age 62. Would his/her annuity be readjusted with COLAs to the year 2024? If the person’s minimum retirement age is 56 in 2018, would COLAs kick in and his annuity be readjusted?
Q. I started my career with the federal government in December 2010. If I am not mistaken, my retirement contribution is 1.2 percent. I left the federal government in June 2013. I will be reinstated hopefully in about a month. As a reinstated employee whose initial date of entering the federal workforce was in 2010, will I be abided by the new retirement contribution rate of 4.4 percent?
Q. I have been receiving a FERS disability retirement annuity since November 2007. I am 60 years old. What will happen when I am 62 years old? Will I be able to draw my retirement without a penalty?
Q. I just received my 30-year pin for government service time worked as a FERS employee. I’ve been considering relocating to Florida and can’t find a government job. If I took a job at a town hall in Florida, would I be able to resign from my current government job and have them keep all my retirement and Thrift Savings Plan on ice until I would have been eligible to retire at age 56 without penalty? If so, would I also be eligible at age 56 for the special retirement supplement, even if I were working for the town, or…
Q. I separated from active duty after 11 years and began federal civilian service. I paid $19,000 to “buy back” my military time, and I am approaching 20 years of combined service. I now have an opportunity to return to active-duty status. If I complete nine more years of active service and qualify for an active-duty retirement, what happens to my “buyback” years? I assume they won’t count toward my FERS retirement anymore, but will I get a refund?
Q. I received an “early-out/buyout” in 2006 with 22½ years of service prior to my minimum retirement age. I was age 46 at the time. Will I be eligible to receive any FERS annuity once I reach my minimum retirement age?
Q. I transferred from the Department of Homeland Security, where my high-3 salary was met as a GS-14 in a covered position, to a Defense Department position where I earn substantially less as a GS-13. Will my high-3 from DHS be used to compute my FERS annuity or the high-3 from DoD? Two different pay systems, USDA and DFAS. Does the Office of Personnel Management access each to determine high-3?