Q. I plan on retiring four days after my 62nd birthday with 18 years and 11 months. Since I met the age limit, will I be penalized for not having the years? Also, will I have my retirement calculations done with the 1.1 multiplier?
Browsing: FERS annuity computation
Q. I am a Defense Department FERS civilian. There’s a chance that where I am may offer a voluntary early retirement with an incentive of up to $25,000. If I decide to do an early retirement and receive up to $25,000, can I add that money onto my annuity?
Q. I am eligible for FERS retirement at age 56, with over 38 years of service. I switched from CSRS in 1988 with eight years under CSRS. Are survivor benefits, prior to age 60, an option in lieu of my own special retirement supplement?
Q. I was born in 1963 and am retired Air Force with 20 years and four months active duty (Dec. 9, 1981-April 1, 2002). I am also a civil service employee (April 8, 2002-present). How do I calculate if it’s worth it to buy back my 20 years and four months of military service? How can I compare what I will be getting — keeping the two retirements separate vs. waiving my military retirement check and adding that time to my civil service retirement? If I buy back the military time, does it then adjust my civil service start date…
Q. I retired on disability in 2008 in a 6(c) (law enforcement) position. I would have been eligible to retire this year (at age 52) had I not become disabled. When will my retirement be recalculated since I fall under the age 57 mandatory retirement?
Q. I am 31 years old and have been employed by the Veterans Affairs Department under FERS for the past 10 years and 10 months. I resigned from my position because I unexpectedly had my third child and, for a few months, I was told I could drop down to part time. Then I was told that was no longer possible two months before the start of my maternity leave. Since cutting down my hours was no longer an option, I had to resign, and submitted the paperwork to withdraw my retirement. It took three months of waiting, and over…
Q. I have 21 years in with the Postal Service and will be eligible to retire in four years at age 60 with no penalty. If an early-out is offered, how much money would I be losing in my pension either monthly or yearly by taking it rather than waiting out the four years?
Q. I am confused about sick leave and how it is computed to determine your basic annuity. 1. Is it credit for time served, or does it convert to a monetary value added to your high-3? 2. What are the benefits associated with carrying sick leave into retirement? 3. Is it 100 percent creditable for all sick leave as of January 2014, or is there a way for them to differentiate what leave will receive 50 percent and what leave will receive 100 percent?
Q. I am a retired civil servant with Defense Department. I served for more than 28 years. I retired in June 2012 under FERS with a Voluntary Separation Incentive Pay. I am considering re-employment with DoD. 1. Will I be given credit for my 28 years of service? 2. Will I be able to contribute to FERS and the Thrift Savings Plan again? 3. Will I receive eight hours of annual leave again? 4. Will I be protected from a reduction in force because I am receiving an annuity? 5. Is it best to cancel my annuity if I return…
Q. I am under FERS. I am 65 years old with 26 years of federal civil service time. I am thinking of retiring sometime shortly after my 66th birthday in July 2014. Can you help me figure out what my monthly annuity amount would be?