Q. I am 54 years old with 16 years of federal service under FERS. I am eligible to retire at my minimum retirement age (56) on the MRA+10 option. At that time, I will have approximately 700 hours of unused sick leave. Can I apply the unused sick leave to my time in service, reducing the amount my annuity is cut? If I retire at 60 with 22 years of service, my annuity will not be reduced, but my accumulated sick leave becomes worthless, correct? Can I retire at 59½ and apply the sick leave to the end of my…
Browsing: FERS annuity computation
Q. I am a FERS employee and plan to retire Jan. 11, 2014. Since the leave year ends on the 11th, I know I will be paid for the 240 hours of carryover leave I have. I currently also have 178 hours of use-or-lose leave. If I don’t use any more use-or-lose leave, will I get paid for the 178 hours in addition to the 240?
Q. I am a 27-year Postal Service full-time clerk covered under FERS. My facility is closing soon. I need to know the pension and medical insurance impact of taking a part-time clerk position. In nine months, I will be 62 and hope to retire then.
Q. I started with the Postal Service when I was 31. I will be 55 in a few days. I am EAS 13 and strongly considering the latest Voluntary Early Retirement Authority. Is there some kind of calculator to figure out the special retirement supplement?
Q. I am presently active-duty Army. I enlisted in 1981. I had a break in service. I worked in the Postal Service for 10 years. I have a total of 19 active-duty years. How does that work as far as retiring from the Army? Can I retire from the Army now? If I do 20 years on active duty and retire from the Army, can I get credit for 30 years federal retirement time?
Q. If I retire from the Postal Service at age 56, can I work a part-time job after I retire, or would I lose my benefits? The part-time job would not be for the federal government.
Q. The Postal Service said I could put in for disability retirement, but I may have money in my FERS account. How do I go about checking it, then take the money out?
Q. I am contemplating retirement with a FERS pension at age 62 with 10 years of service. If I take a job in the private sector, will my FERS pension be reduced?
Q. My wife wants to retire from the Postal Service, under FERS, with 30 years service but she’ll only be 50. Am I correct in understanding that she will be eligible for a deferred retirement at her minimum retirement age of 56 without any reduction to her annuity? What about the special retirement supplement? I’m assuming she won’t be eligible for that. She’s been on my Federal Employees Health Benefits plan for the past 25 years. I’m also a postal worker. So can she get her own individual plan, or must she stay on my family plan? I was told…
Q. I began working as a term federal law clerk on Aug. 24, 1992. I was reassigned to career law clerk status and began to be covered by FERS on Aug. 5, 1996. My service computation date continued to be listed at Aug. 24, 1992. Does this mean my nearly four years of service as a term law clerk has been computed as creditable service?