Q. I am a 43-year-old FERS employee who just completed my 20th year in a covered law enforcement position. I understand the 25 at any age/20 at age 50+ rules. I also understand that I may transition to a nonlaw enforcement position for the next five years and retire at age 48, or simply continue working until age 48 and retire with 25 years of law enforcement. However, at this point (age 43 with 20 years), if I retire and apply for deferred benefits, will those benefits be available when I turn 50, as 50 is the minimum retirement age…
Browsing: FERS annuity computation
Q. I am considering requesting a Voluntary Early Retirement Authority/Voluntary Separation Incentive Pay and being off the rolls by March 31. My service computation date is Feb. 28, 1982 (CSRS and FERS). On Feb. 28, 2014, I will have 32 years of combined service (CSRS and FERS). On April 11, 2014, I will be 58 years old. I transferred to FERS on March 30, 1994. Therefore, I will have 20 years under FERS on March 30, 2014. I previously withdrew all of my retirement funds from CSRS, and never paid them back. I understand that although I did not repay…
Q. I am in the Department of the Interior Bureau of Reclamation. I will have 30 years of federal service on Feb. 2, 2016, and will be 60 on Jan. 24, 2016. My minimum retirement age is 56. The Office of Personnel Management’s Web page says if you retire before 30 years service or MRA, your pension is reduced 5 percent for each year unless you have more than 20 years service and your benefit starts at age 60 or later. Does this mean that if I retire at age 59 but defer pension until I am 60, my pension…
Q. I retired on FERS disability in 2009 at the age of 46 with 17 years of service. I applied for FERS and went on various leave until approved. When I was approved, my position was eliminated from the agency within my state. I had been given a direct reassignment, which I declined due to the nature of the duties (similar to what I was disabling on) and the distance for transfer (130 miles away). Plus, the position had additional duties of driving for two hours daily — a duty I could not do (This was known for years within the…
Q. As a federal employee under FERS, is there a maximum percentage from the Veterans Affairs Department that a 6(c) law enforcement officer can receive? I’m at 30 percent; I reach my minimum retirement age in June 2017; and I want to increase my percentage. I have a culmination of multiple issues that could increase my percentage dramatically, but I don’t want this to affect my job as an LEO.
Q. If I go on phased retirement at age 60, and then work in phased retirement until age 62, do I then receive the 1.1 annuity multiplier when I fully retire?
Q. My husband is a federal police officer on Fort Benning, Ga. The police officers do not receive law enforcement pay, but the firefighters do. Does law enforcement pay affect retirement very much?
Q. I have 21 years of FERS employment and, before working for the government, I had seven years with Florida Retirement System, working for state government. I recently heard that my previous state government work might be creditable with my current government employment. Can I file for my credit of service from the state retirement system to credit to my federal government work? I still have about three more years before I am 63 and able to retire.
Q. I am a FERS-covered firefighter with a retirement date of Dec. 30. I have been on the job since Dec. 30, 1984 (at retirement, I will have 29 years and one day) and I am 49. I have easily met the FERS firefighter retirement requirement of 25 years, any age. I know the mandatory retirement age is 57 (I don’t need to concern myself with that). I have been informed to be prepared for three to four months (potentially up to six months) before I would receive a “full/normal” retirement check. I have recently started a small business which…
Q. I am a FERS employee. I am 57 with 26 years of service. 1. Do I get annuity computation for sick leave? If so, how is it computed? 2. I was born in 1956. What is my minimum retirement age, and how much service should I have under the MRA? 3. What happens with my annual and sick leave when I retire? 4. When should I start preparing my paperwork for my retirement? 5. My agency is going through a reorganization. We have the options for early retirement, buyout, being reassigned to New York or Boston (I live in…