Q. I am a FERS retired firefighter and wanted to know if and how the post-retirement earning test applies. At age 55, is my special retirement supplement dependent on how much I am making at that age? If so, once the supplement is lost, can you get it back if earnings drop prior to age 62?
Browsing: FERS annuity computation
Q. I am FERS-covered and will retire this year with 20 years at age 62. My annual FERS annuity is about $25,000. After retirement, I plan to work in a private company in a foreign country for an estimated annual $90,000 salary. I will roll over my Thrift Savings Plan savings to a traditional IRA. I will not withdraw my Social Security until I reach my full retirement age at 66 when I will no longer have any wages. 1. Am I allowed to draw FERS annuity while living in a foreign country? 2. How will my salary from the…
Q. I retired under the FERS disability provisions 16 years ago. I want to find out what portion of my monthly retirement benefit represents the special retirement supplement portion. At the time of my retirement, I had 16 years of creditable service. I am receiving about $1,900 per month, and I believe my calculation at age 62 would be times 1.1 percent. I will not be eligible for Social Security until age 62 and one month. Will I lose the supplement for one month?
Q. I am a 60 percent disabled veteran, so I earn a disability income. When I started work at the Postal Service, I bought my military time back so it would count toward retirement, so my service date is Sept. 1, 2001 (actually started in 2006). I am 46 years old now and I am looking to leave the USPS within three to four years. What options do I have for retirement? Could you explain deferred annuity and any other options available to me?
Q. I’m a letter carrier with 32 years of federal service under FERS. I have 2½ years to go before I meet my minimum retirement age. I’m considering disability retirement because my health has been keeping me from work. What will I lose or gain (pros and cons) between regular retirement and disability retirement. Which is stronger financially?
Q. I have tried numerous times to buy back or pay back for my military service so it can be used to civilian retirement. Each time I have been denied. What is the proper way to do this? How do I find out how much it will cost me each paycheck? And normally how long does it take? I was in the Army from August 1972 (months of delay entry) to December 1986. I am now employed by the government in civilian service position (GS). I understand the time presently is going to leave only, and not my retirement. I…
Q. I have a few years to go but have been looking at my retirement options. I started working for the Veterans Affairs Department in 1992, then joined the Army under the Military Employment/Reemployment Rights Act in 1995. I returned to VA in January 2000. At that time, I bought back my military time. Now I’m looking at my qualifications for the special retirement supplement. I can find numerous examples of people that were in the military prior to their federal job. It appears that the time can count for their FERS retirement, but not for the supplement. Since my…
Q. I’m a Defense Department employee who was initially hired part time under CSRS in 1979, but elected to switch to FERS. At that time, I’m not sure if I was refunded the money I put into CSRS. I’m showing eight years of frozen service (with no mention of CSRS Offset), Thrift Savings Plan eligibility date of July 11, 1993, TSP service computation date of Jan. 1, 1984, and TSP status date of July 11, 1993. The first entry I’m seeing in my FERS account is dated Feb. 1, 1988. Am I eligible for a CSRS retirement annuity for the…
Q. Have military retirees ever had to waive their military retirement pay just to accept a federal job?
Q. FERS employee. Will turn 66 in May. Have 22 years and plan on retiring May 31. Any advantage to delaying retirement?