Q. I have worked for the Postal Service for 26 years. I just turned 50. I am under FERS. If I decided to retire at the end of the year, how would I calculate what my annuity will be? Additionally, if there were another early-out offer from the Postal Service, how would I benefit from that rather than retiring outside of the offer?
Browsing: FERS annuity computation
Q. I’m 55, with 29 years of federal service, of which only 16 is creditable to retirement under FERS because I have never repaid my active-duty time. I am being separated due to medical reasons. I have retired on the reserve side, and so can’t remain on the civil service side. I have applied for priority placement within the local commuting area but have not received an appointment. Am I eligible for, and at what point will I receive severance pay? According to personnel, I can’t receive retirement until 62, unless I repay the active-duty time. Note: My letter stated…
Q. My husband will retire under CSRS. I will retire under FERS. Concerning survivor benefits: If we elect to have a reduced annuity in each of our retirements for the spouse, will that spouse receive the maximum survivor annuity plus their own federal retirement upon the death of the other spouse? In other words, can a spouse simultaneously receive a survivor annuity and their own federal retirement pension? Are there any penalties or reductions because we both work for the federal government?
Q. I am a FERS employee. If my command is offering a Voluntary Early Retirement Authority and I retire at the any age and 25 years of service (I am 47 years old and have more than 25 years of service): 1. Will I get my special retirement supplement along with my retirement pay? Or will I not be entitled to the supplement? 2. If my command has a reduction in force instead, will I be able to get my severance pay plus voluntary retirement with my retirement plus the supplement until my MRA?
Q. During retirement, what happens to the survivor benefit if your spouse predeceases you? Is there a change in the annuity amount?
Q. I have 174 hours of sick leave. I’m 62 under FERS. Should I retire Dec. 29, where I’d only get half of my unused sick time to add to my annuity but get the 1 percent cost-of-living adjustment in January? Or should I retire Jan. 3, 2014?
Q. I had cashed out the five years of FERS service from May 1987 through August 1992. I was reinstated in November 2005 and been with the federal government since. I just received a letter from the Office of Personnel Management that I would have to pay $1,973 for FERS redeposit and $3,541 for the interest — a total of $5514. The date shown is Nov. 14, 2013. I wonder if redeposit is a good approach at this time? Please explain the benefit of having this redeposit made vs. not doing anything. And, for future reference, where can I tap…
Q. I am a federal employee (under FERS) and Naval Reserve retiree (20 years of service). I will receive Navy Reserve retirement pay at age 60 (in 19 years). I am considering buying back four years of active-duty Navy service. Before doing so, I’d like to ensure that this does not forfeit or waive my Reserve retirement. Can you share the reference that states that a retiree can receive both a Navy Reserve retirement and federal (FERS) retirement after completing military buyback of the active-duty portion of a Navy Reserve career?
Q. 1. If I return to the federal government, will my federal pension be reduced? 2. If I return, can this added time be recalculated to add to my existing pension? And if it is added, how long (in years) would I have to work for it to be added to my pension? 3. I retired in 2005 and received a buyout. Will I have to pay back the buyout?
Q. I am retired from the Air Force, serving 20 years on active duty. During that time, I performed hazardous duty during the Gulf War, resulting in being granted a 100 percent total disability rating after my retirement. However, all of my hazardous duty was in the states, not in the Persian Gulf region. If I combine my active duty and my FERS service, do I have to forfeit both military retirement and Veterans Affairs Department disability pay? My actual retirement pay has been substantially reduced due the VA offset.